Friday, May 29, 2020

Apple Has $203 Billion Cash On Hand

Apple revealed that it now has $202.8 billion cash on hand in the form of cash, cash equivalents, short-term marketable securities, and long-term marketable securities. While only about 7.5 percent of this hoard is actually cash, the above terms are used in the corporate world to describe cash-like liquid assets. Notably, total company assets (including things like inventory, accounts receivable, and property) now total $273 billion.

Ironically, the company’s long-term debt has ballooned to $47.4 billion, up from $40 billion at the end of last quarter. Most of this new debt came from an $8 billion bond offering in May.

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