Also, re: your question about Apple: > For example, should Apple, with their huge mountain of cash, have debt? Do they need debt? Obviously not. Debt is for c

Also, re: your question about Apple: > For example, should Apple, with their huge mountain of cash, have debt? Do they need debt? Obviously not. Debt is for companies that have already utilized most of their cash, right? Or have future cash flows that they want to access now before the cash actually materializes. Apple, by contrast, should probably become an investor or lender, since it doesn't know what else to do with its excess cash. It certainly serves no purpose being hoarded on their balance sheet.