Which Companies Are Sitting on the Most Cash?
In times of economic uncertainty and market volatility -- like the present moment -- it's wise to look for stocks of companies with substantial cash reserves. That's because those companies will have the flexibility to deal with economic downturns, pay their bills and dividends, and even buy out struggling competitors.
Indeed, the total amount of cash a business has access to can be a measure of its financial health. So it's good to know which companies have the most cash on hand. Right now, the 50 largest cash piles total more than $3.1 trillion, according to TradingView. And financials, consumer discretionary, and tech stocks hold 75% of that $3.1 trillion. Note that cash on hand generally includes physical currency, bank deposits, and highly liquid short-term securities with maturities of three months or less, like Treasury bills and money market funds.
It may not surprise you which U.S. company has the most cash on hand. It's Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB), of course, the giant holding company that Warren Buffett built over decades. It owns some 60 companies outright and has stakes in scores of others. Berkshire currently holds about $373 billion in cash and cash equivalents.
Source Fool.com
