These companies are richer than South Africa

 ·9 Apr 2014
South Africa map

Tech and Internet giants, Apple, Google, Microsoft and Cisco have more cash on hand than most countries in the world, including South Africa.

This is according to data compiled by American banking group, US Trust, which shows that, with cash reserves sitting at $159 billion, Apple has more cash at its disposal than countries like the US, Malaysia, Turkey, Poland and the UK (excluding gold reserves).

Microsoft’s cash reserves ($84 billion) place it high above most countries as well, with Google ($59 billion), Verizon ($54 billion) and Cisco ($47 billion) all having deeper pockets than South Africa, which has cash reserves of $42 billion.

“Amid a world of uncertainty, one thing is without question: Most U.S. corporations have plenty of capital at their disposal,” said U.S. Trust’s Joseph Quinlan told Business Insider.

According to findings by Moody’s, the top five company cash kings are Apple, Microsoft, Google, Verizon and Pfizer.

“These five companies have $404 billion, or 25%, the total non-financial corporate cash balances, up from $347 billion, or 24%, for the top five in 2012,” the research group said.

Apple accounted for $159 billion, or 9.7%, of total corporate cash in 2013, up from $137 billion, or 9.5%, in 2012.

“The company’s $159 billion is more than the aggregate cash of every industry sector except technology and healthcare/pharmaceuticals,” Moody’s said.

Top company/country cash reserves (excluding gold)

# Country/Company Cash reserves (US$ billions)
1 Apple 159
2 Malaysia 130
3 Turkey 109
4 Poland 99
5 Indonesia 93
6 Microsoft 84
7 Denmark 82
8 Israel 80
9 Iraq 74
10 Philippines 74
11 UK 70
12 UAE 67
13 Peru 63
14 Google 59
15 Canada 58
16 Sweden 55
17 Norway 55
18 Verizon 54
19 Czech Republic 54
20 Pfizer 49
21 U.S. 48
22 Cisco 47
23 Hungary 46
24 Romania 45
25 Australia 43
26 South Africa 42
27 Columbia 41
28 Qatar 41
29 Chile 39
30 Germany 39

IMF, Moody’s, US Trust data. Gold reserves not included.

Company, Country cash reserves (via Business Insider)

Company, Country cash reserves (via Business Insider)

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