Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.
U.S. companies continue to hold record amounts of cash, according to a study by Standard & Poor’s Ratings Services, and the high levels show no sign of dropping. Nonfinancial corporations rated by Standard & Poor’s held $1.25 trillion in cash and short-term investments at the end of 2011, up 41% from the level at the end of 2006. Their ratio of cash and short-term investments to total assets increased to more than 8.6% from 7% between 2006 and 2008.