What Percentage of Assets do Companies Hold as Cash?


I sampled a variety of companies to get an idea of how much cash typical businesses hold on their balance sheets. The data is in the table below.

CompanyIndustryCash & Cash Equivalents
as % of FY2022 Assets
AppleTech17.5%
Coca ColaConsumer Goods10.3%
IBMTech4.4%
CrocsConsumer Goods4.3%
AlphabetTech6.0%
Acorda TherapeuticsBiotech9.5%
Optical Cable CorporationManufacturing0.5%
MIND TechnologyTech12.2%
IntrusionTech32.5%
BlackLineTech10.3%
Five BelowRetail10.0%
Shake ShackRestaurant15.4%
Kronos WorldwideChemical Production32.3%
Carlisle CompaniesManufacturing Conglomerate5.5%
Installed Building ProductsInstallation Contractor12.9%

This is important data to know if you want to create an opportunity zone business (because opportunity zone businesses need to comply with the 5% rule).

Ricky Nave

In college, Ricky studied physics & math, won a prestigious research competition hosted by Oak Ridge National Laboratory, started several small businesses including an energy chewing gum business and a computer repair business, and graduated with a thesis in algebraic topology. After graduating, Ricky attended grad school at Duke University in the mathematics PhD program where he worked on quantum algorithms & non-Euclidean geometry models for flexible proteins. He also worked in cybersecurity at Los Alamos during this time before eventually dropping out of grad school to join a startup working on formal semantic modeling for legal documents. Finally, he left that startup to start his own in the finance & crypto space. Now, he helps entrepreneurs pay less capital gains tax.

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