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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...
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