Cash is King! Whether you are a bull or a bear, having cash on hand helps companies weather downturns or invest in the future. Even in Thursday's news of GE's joint venture with Comcast to run CNBC parent NBC Universal, the infusion of billions of dollars in cash was one highlight of the deal.
Every sector is different for what is a "normal" amount of cash to have on hand and certain sectors seem to stand out. Even within those and when looked at as a percent of revenue, some companies seem to be sitting on huge amounts of cash. Below are the companies that have cash in excess of 95% of their trailing 12 months of revenue (based on their most recent 10-Qs). Topping the list are tech and healthcare companies. Note that the table excludes financials as banks, by definition, have a lot of cash.
Top Cash Positions on the S&P 500 as a % of Revenue: