How much cash to the large tech companies have?
A few weeks ago I published an article in Spanish about how much revenue large tech companies have in comparison to some of the countries around the world. To make a long story short, just two to three of the big tech companies put together have more revenue than the Gross Domestic Product (GDP) of many countries around the world. And with money comes power.
But how liquid are these companies, i.e. how much do they have in cash and other short term investments, i.e. current assets? As the old saying goes, cash is king, and boy do these tech juggernauts hold the crown. After a few minutes on Google Finance, Wikipedia and some other sites, I found some information, when compared to several governments, helps put things into perspective.
Cash and short term assets on some of the big tech companies balance sheets
- Microsoft has about 75 billion dollars in current assets. It’s not uncommon for them to add between 1-4 billion dollars in cash per quarter.
- Apple has about 47 billion dollars in current assets. They are also generating cash on a quarterly basis at an insane level.
- IBM also has about 47 billion in current assets. Do they generate cash every quarter? Just about, say a billion here, a billion there.
- Google is no slouch either and is in good company, they hold about 47 billion in current assets as well. They hold about 39 billion dollars in cash and short term investments.
- HP surprised me. Even with all their troubles of late they “only” have about 56 billion dollars in current assets.
- Cisco is also insane. They have about 57 billion in current assets.
- Let’s add EMC2 into the mix as well. They have about 10.2 billion dollars in current assets. Their operating cash flow is also solid.
- Dell…. about 30 billion in current assets. Not bad huh?
Cash balances for some governments