10 Cash Rich Companies

Bangalore: Cash is such an entity, that an excess of it sets an individual or a firm apart. Having a generous amount of cash is desirable not only for an individual but also companies. Having adequate cash helps companies with various areas, like – managing everyday operations and going for acquisitions. High liquidity position of a firm also helps it stay ahead of competition.

The CNBC analytics team has elaborated upon a list given by S&P 500 Companies. The list contains companies which hold the highest amount of liquidity. The data is collected from Thomson Reuters and Capital IQ. This list gives detail of companies with the highest cash reserve in each sector. The list is as follows -

1. AES Corp - Utilities Sector

AES Corp is among the Fortune 200 companies, which distributes and generates electrical power to over 27 countries. It is headquartered in Arlington, Virginia, USA. The company was founded by Dennis Bakke and Roger Sant on January 28, 1981. Philip A. Odeen is the Chairman of the firm, while Andres Gluski is the President, CEO and Director.

Cash as Percent of Assets: 10.9 Percent
Cash as Percent of Annual Revenue: 24.7 Percent
Total Cash and Short-term Investments: $4.35 Billion

Sector Averages
Liquid Assets as Percent of Total Assets: 2.05 Percent
Total Liquid Assets: $20.6 Million

Other Cash-Rich Companies in Utilities Sector
Constellation Energy: 5 Percent of Assets
NRG Energy: 4.6 Percent of Assets