Apple $76.2 Billion Cash Rich, Uncle Sam Has $73.768 Billion

Recently, we reported that Apple is sitting on cash pile. According to Apple's latest financial results, the Cupertino tech gaint has a whopping $76.2 billion of the cold hard stuff sitting wherever that much money is stored.According to The Atlantic, the US Treasury has announced that as of Thursday it has a cash balance of […]

Recently, we reported that Apple is sitting on cash pile. According to Apple's latest financial results, the Cupertino tech gaint has a whopping $76.2 billion of the cold hard stuff sitting wherever that much money is stored.

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.

As Asymco's Horace Dediu commented, Apple's cash hoarde "is now nearly 16% higher than three months ago, the amount added last quarter is higher than the amount on hand 4.5 years ago and the cash added is higher than Google's overall revenues in the quarter".

And unlike the US government which owes a lot of money to creditors, Apple owes nothing to banks and has paid its debts in full when Steve Jobs re-energized the company back in the 1990s. It also helps that Apple does not pay dividends.

Apple's current market worth is a massive $363.25 billion. That number now makes the creator of the iPhone, the iPad, the iPod line and the Mac series of desktops and notebooks (and yes, even the Apple TV) the second biggest company on the planet. Only the Exxon Mobile oil company is now bigger than Apple.

[Source: US Treasury, Asymco]