Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has gotten some heat over the years for retaining lots of cash on its balance sheet, but it's looking like a nice advantage now. At the end of the second quarter, the company had $125 billion in cash and low-risk marketable securities, such as Treasuries, corporate debt, money market funds, and mortgage-backed securities. Think about it: If Alphabet put all $125 billion in one-year Treasuries, it can make an extra $5.375 billion in interest income alone. Read More...
Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has gotten some heat over the years for retaining lots of cash on its balance sheet, but it’s looking like a nice advantage now. At the end of the second quarter, the company had $125 billion in cash and low-risk marketable securities, such as Treasuries, corporate debt, money market funds, and mortgage-backed securities. Think about it: If Alphabet put all $125 billion in one-year Treasuries, it can make an extra $5.375 billion in interest income alone.
