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postjack t1_iy5fbu0 wrote

Reply to comment by MrLyle in Bob Iger Tells Disney Town Hall Hiring Freeze Still In Effect, No New Acquisitions Planned & Not Merging With Apple by Neo2199

not quite i don't think. disney's net worth is ~$99bill, Apple has about ~$48bill in cash and cash equivalents/short term investments. still a staggering amount of liquidity though.

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PugsyBogues t1_iy5ha7p wrote

Last I saw Apple had over 200B in cash

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WR810 t1_iy5p3cn wrote

That's what I thought too but I just looked it up and Apple does indeed only have $forty-something billion.

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iamse7en t1_iy70iqp wrote

That's cash on hand. They have liquid, short and longer term investments that can easily be converted to cash. It was around $200B a year or so ago, but it is getting smaller.

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WR810 t1_iy9189j wrote

That's from April of last year.

Apple cash on hand for the quarter ending September 30, 2022 was $48.304B

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iamse7en t1_iy91gln wrote

I know, it's a good article to show you the difference between cash on hand, and all liquid investments that can easily be converted to cash. You're only counting "cash on hand."

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WR810 t1_iy91lu0 wrote

> Cash on hand can be defined as cash deposits at financial institutions that can immediately be withdrawn at any time, and investments maturing in one year or less that are highly liquid and therefore regarded as cash equivalents and reported with or near cash line items.

Edit: Cash on hand doesn't just mean dollars in the vault.

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iamse7en t1_iy92ced wrote

You’re still missing all marketable securities that can also be easily converted to cash, which is what people are saying when “Apple has $200B in ‘cash.’”

> [Apple] had more than $200 billion in cash and marketable securities at the end of the last quarter…

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