EMEA companies cash holdings tops $1 trillion
September 5th, 2019 (5.26mins)
Sandra Veseli and Richard Morawetz EMEA companies’ cash reserves exceeded a trillion dollars for the first time largely driven by the top 10 cash holders. Saudi Aramco enters to take the leading position, also pushing the energy sector further into the lead. Slowing growth in Europe could limit cash generation for some but companies are expected to counter the impact on overall cash holdings and liquidity, if needed, over the medium term.
Corporate cash pile climbs 15% with sharp rise among the top 10 companies
Total corporate cash hit almost €1.1 trillion with significant increases among the top 10 cashholders. Saudi Arabian Oil Company, a new entrant, was the largest cash holder in EMEA in 2018.