Alphabet overtakes Apple as the world's most cash-rich company

Mail Online | 8/6/2019 | Emily Crane For
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Alphabet, the parent company of Google, has overtaken Apple to become the most cash-rich company in the world.

Up until the second quarter of this year, Apple had been the company with the biggest financial reserves for a decade.

Alphabet - Apple - Liquid - Reserves - Financial

Alphabet has now dethroned Apple with $117 billion in liquid reserves, according to the Financial Times.

Apple has $102 billion in net debt, which is down from a high of $163 billion at the end of 2017.

Alphabet - Cash - Pile - Time - Frame

Alphabet's cash pile has increased by almost $20 billion in the same time frame.

The change in rank doesn't necessarily mean Alphabet is doing better than Apple.

IPhone - Maker - Cash - Pile - Purpose

The iPhone maker has been actively trying to reduce its cash pile on purpose after being criticized by some investors that it was hoarding cash.

Apple has spent $122 billion on buying back stock since the beginning of last year.

Company - Dividends - Months - Advantage - Tax

The company has also paid dividends in the last 18 months and taken advantage of a one-time tax incentive to bring cash...
(Excerpt) Read more at: Mail Online
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