19
(per Google) companies with largest cash holdings compared to GME as % of market cap
(lemmy.whynotdrs.org)
Was discussing with others GME's cash holdings, and how usual or unusual that was amongst prominent companies.
Cash holdings alone don't say much about the health of a company. More relevant questions include where the cash came from, and what they are planning to spend it on. If a company doesn't effectively grow than a large cash position can be more of a liability than an asset.
I was curious about the ratios, pulled numbers online and just sharing it here for others. GME has a fairly large cash position compared to its market cap in this sample size, with General Electric standing out as a notable and large outlier with over half it's market cap available in cash.
I imagine only the companies that believe the markets could fail would bring a large sum of cash into a downturn.
GME could make insane acquisitions when the markets tanked, if they played their cards right.