Having plenty of assets is not as same as having large amount of liquid cash. All assets cannot be converted into cash in a short span of time. The amount of cash a company has is the one of the important factor which determines if the company can meet all of its short term financial obligations. In turbulent times like the recent recession, it’s the cash in hand and not the total assets, is what matters to meet day to day financial obligations. I will give a gist on top cash rich companies in the world, which I came across in the net. I have given the references at the end of the article.
First in the list comes, the networking giant “Cisco”. It has cash and short term investments worth $39.6 billion which is almost equal to 1, 78,200 Crore INR, if we consider the exchange rate to be 45 INR per 1 US $.
Second in the list comes China mobile which is one the largest mobile service providers in the world. It has largest mobile customer base in the world. This huge company has second highest cash in hand which is $38.7 billion. This turns out to be 1, 74,150 Crore INR.
Third in the list comes Microsoft, one of the world’s software giant “Microsoft”. Microsoft has $36.1 billion, which is 1, 62,450 Crore INR.
Pictorial representation of cash rich companies in the world
Fourth in the list is the top internet search giant “Google”. Google has $26.5 billion in its kitty that is equal to 1, 19,250 Crore INR. We can observe that the first three cash rich companies have $35 plus billion in cash where as the 4th cash rich company has almost $10 billion less, which is quite a big difference.
Next in line is worlds most valuable technology company “Apple”. Apple has $23.2 billion as liquid assets and that turns out to be 1, 04,400 Crore INR.
Samsung Electronics “The world’s largest technology company” stands sixth in this list. Samsung Electronics has $18.6 billion in cash which is 83,700 Crore INR.
Samsung Electronics is followed by Oracle, Sony, Intel (world’s largest computer chip maker)
Next in line are IBM, HP, Panasonic, Nokia (world’s largest mobile maker) and Qualcomm.
A point to be noted is that, all these companies are the market leaders or second in their respective business, and also they are one of the biggest companies in their respective business domains.
References:
The picture in this article is copied from the link below
http://topforeignstocks.com/2010/04/26/the-global-top-15-cash-rich-tech-companies/
I have also referred the links below to write this article
http://topforeignstocks.com/2010/04/26/the-global-top-15-cash-rich-tech-companies/
http://timesofindia.indiatimes.com/tech/itslideshow/5967633.cms
