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by gwd
1358 days ago
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> For me, if Apple claims to make a 20% margin, but then spends all that money and needs to borrow more... NB that having a large cash reserve and borrowing more money are not mutually exclusive. From a large company's perspective, borrowing money when times are good and money is easy to get are low gives the company a "war chest" to either be able to suddenly invest money quickly should the need arise, or to weather long drawn-out storms, when times are bad and money is hard to get. EDIT: Apple has around $100B in debt, and around $202 billion in cash reserves; it could pay off its debt tomorrow if it wanted to; but then it would have "only" $100B in cash. |
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