Tech Cash is King
With tech equities off to their best annual start since 1998, it is another reminder that having a lot of cash and minimal debt is a good thing these days -- for companies as well as for people. And tech leads in that regard, as Bloomberg points out:
Technology companies in the S&P 500 on average have the most cash and least borrowings relative to total assets among 10 industries, according to Bloomberg data. Eighteen of them are debt-free, including Apple Inc., Google Inc. and Qualcomm Inc., twice the number in all other industries combined, data show.
More here.