Tag Archives: cash balance

The US government has revealed it now has less cash on hand than Apple

APPLE

Apple has a ton of cash on hand. In fact, its latest financial results revealed that the tech company has a whopping $76.2 billion of the cold hard stuff sitting wherever that much money is stored. As we previously wrote, that means that if Apple wanted to, it could give $247 to each man, woman and child in the US. Now as members of the US House and the US Senate debate on whether or not to raise the country’s debt ceiling in order to avoid a default, the US government has revealed it now has less cash on hand than Apple , neowin report.

According to The Atlantic, the US Treasury has announced that as of Thursday it has a cash balance of just $73.768 billion. While the article does admit the two numbers can’t really be directly compared, it does show just how much money Apple does have to do, well, pretty much anything it wants. Indeed, even in the face of economic armageddon, Apple’s stock continues to go up. Earlier this week Apple’s stock reached and exceeded $400 a share. Its current stock price as of today is around $392.