4 ms·
Interesting financial tidbit: they paid off over $8B in commercial paper (very short-term borrowing) over the past year.
by MaysonL 4y ago
Interesting financial tidbit: they paid off over $8B in commercial paper (very short-term borrowing) over the past year.
- MuffinFlavored 4y agowhat were the interest rates they were paying/why would they pay it off? are they getting 3.5% on all of their "cash on hand" with recent rise in interest rates?
- drexlspivey 4y ago6-month US treasury yields are at 4.78%
- MuffinFlavored 4y agoThere has to be a reason Apple has any cash on hand whatsoever instead of parking a lot there? Unless they look at that as a cash-equivalent... which I am guessing they don't?
- drexlspivey 4y agoCash on hand is marked as "Cash And Short Term Investments" in the balance sheet and includes US treasuries which are very liquid and basically as good as cash.