May 20, 2016
Fortune: Corporate America Is Drowning in Debt
If you remove the top 25 cash holders, you’ll find that for most of Corporate America, cash on hand is declining even as these companies rack up more and more debt at historic rates. The bottom 99% of corporate borrowers have just $900 billion in cash on hand to back up $6 trillion in debt.
So, other than that, Mrs. Lincoln, how did you like the play?
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