Alphabet is now the company with the most cash in the world, ahead of Apple

The companies, quarterly, report on the status of your accounts, the sale of their products and, in general, a statistic on how they have done during the last fiscal quarter. It is a kind of X-ray for shareholders or investors who want to decide whether to withdraw or contribute more capital and for the rest of the competition who see the number and popularity of their devices fluctuate. A report indicates that Apple is no longer the company with the most cash in the world. Now the company that holds that title is Alphabet, above Amazon and Apple.

The company with the most cash in the world is Alphabet

La cash reserve It is defined as the money that a company has at its disposal to meet short-term and emergency financing needs. It may also be related to a highly liquid type of investment that earns a low rate of return. However, the cash reserves of large companies such as Apple are responsible for providing companies with the necessary liquidity to cover the cost of manufacturing their products, both expected and unexpected, and also have cash available for possible investments, business purchases, penalties or lawsuits.

The latest report published by The Financial Times ensures Alphabet is now the company with the most cash reserves of the world, above Apple who previously held the title. The data provided by both companies in the press conferences at the end of the second fiscal quarter means that Alphabet has managed to sell more than 38.940 million dollars. Its cash reserve has grown more than $ 20.000 billion since 2017, currently standing at around $ 117 billion, thus surpassing Apple's $ 102 billion.

The figures are spectacular if we compare them with the federal reserves that some countries like Mexico or Spain have. We are facing a fact that shows us that large companies have a greater reserve of cash than some countries in the world. It only remains to see how Alphabet is crowned as the most valuable company in the coming months depending on the value of its own company. In other words, the cash reserve is one thing and the value of the company another. So far only Apple, Microsoft and Amazon have been priced above a trillion dollars and Alphabet may soon do so.


Follow us on Google News

Be the first to comment

Leave a Comment

Your email address will not be published. Required fields are marked with *

*

*

  1. Responsible for the data: AB Internet Networks 2008 SL
  2. Purpose of the data: Control SPAM, comment management.
  3. Legitimation: Your consent
  4. Communication of the data: The data will not be communicated to third parties except by legal obligation.
  5. Data storage: Database hosted by Occentus Networks (EU)
  6. Rights: At any time you can limit, recover and delete your information.