When you’d like to forge a new partnership or business deal, it’s naturally wise to reach out to those companies that have enough cash reserves to fully contribute their share of the capital needed – during both the early and later stages.
According to Time magazine’s September 2014 double issue, there are a number of companies that hold very sizeable amounts of cash in reserve. Of course, while currently non-liquid funds still count, the more cash that’s available, the quicker business teams can correct certain problems or take advantage of new markets opening up.
Here’s a look at some of the world’s wealthiest companies, in terms of 2013 cash reserves. While some of these figures are fairly well known, it’s still useful to review which companies might be the best prepared to cut a deal with you in the near future.
Companies with Astounding Levels of Cash Reserves in 2013
- Apple. In 2013, Time reports that this company had approximately 158.8 billion in cash reserves. No wonder we read about this company constantly trying to create new mergers and acquisitions;
- Microsoft. Time indicates that this Internet and media powerhouse held roughly 83.9 billion in cash reserves in 2013. As is widely known, it continues to lead the way in a wide array of technological advances – many of which won’t probably even probably be disclosed for years to come;
- Google. This company is involved in a vast number of business pursuits, even though many of us just associate the company’s name with our favorite Internet search engine. During 2013, Google was sitting on close to 58.7 billion in cash reserves;
- Verizon. No wonder it’s nearly impossible to catch one of their sales people for a quick chat when you stop into their stores. Time magazine states that Verizon held about $54.1 billion in cash reserves in 2013;
- Oracle. While this company’s name was in the news more often some years back, it’s still out there wheeling and dealing with the best of them. According to a fact sheet available on its website, Oracle is “is shifting the complexity from IT, moving it out of the enterprise by engineering hardware and software to work together—in the cloud and in the data center.” During 2013, this dynamic company had roughly 37 billion in cash reserves;
- Qualcomm. Started in California back in the mid-1980s, this company’s first goal was to provide a unique way to deliver “quality communications” to consumers around the globe. Today, it has succeeded in spreading its successful brand and vision into more than 40 countries.
Of course, there are many other highly successful companies that now hold vast sums of money in cash reserves. They include others mentioned in this same article: Pfizer, Merck, Johnson & Johnson, Intel, GM, Coca-Cola, Ford, Chevron, Boeing, Amazon.com, HP (Hewlett Packard) and Facebook.
To obtain help with handling all of your Georgia business planning needs, please contact Shane Smith Law today. You can schedule your free initial consultation with a knowledgeable Peachtree City estate planning attorney by calling: (770) 487-8999.