3 ms·
Doesn't the word "cash" imply that the money is not invested? If they bought factories or something else productive, we'd usually refer to that as "capital".
by colefichter 9y ago
Doesn't the word "cash" imply that the money is not invested? If they bought factories or something else productive, we'd usually refer to that as "capital".
- runako 9y agoIIRC the term is typically "cash and equivalents." [1] There is definitely not the expectation that Apple has $200B+ sitting in checking accounts unable to earn any interest. Treasuries and certain other government securities count as "cash" in most cases. Edit: Apple reports most of the amount bandied about as their "cash" as being in "long-term marketable securities." [2]. So it's a mix that is definitely not designed to all be instantly convertible to USD with no penalty. I'd guess most other large companies manage their cash similarly. 1 - https://en.wikipedia.org/wiki/Cash_and_cash_equivalents#Components_of_cash_equivalents https://en.wikipedia.org/wiki/Cash_and_cash_equivalents#Comp... 2 - https://www.apple.com/newsroom/pdfs/Q2FY17ConsolidatedFinancialStatements.pdf https://www.apple.com/newsroom/pdfs/Q2FY17ConsolidatedFinanc...