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Companies sitting on $7 trillion of cash

January 22nd, 2014 · No Comments

According to Thomson Reuters data, companies around the world held almost $7 trillion of cash and equivalents on their balance sheets at the end of 2013 – more than twice the level of 10 years ago. Capital expenditure relative to sales is at a 22-year low and some strategists reckon the typical age of fixed assets and equipment has been stretched to as much as 14 years from pre-crisis norms of about 9 years.

via Companies sitting on $7 trillion of cash.

Tags: Economy