Cash is king as U.S. quarterly reporting season gains steam

Cash is king as U.S. quarterly reporting season gains steam

By Noel Randewich

(Reuters) – As the U.S. quarterly earnings season picks up steam this week, investors are getting a glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets.

With little clarity on when the U.S. economy will reopen, companies of all sizes have been bracing for months of limited revenues. Several corporations have reduced or suspended their dividends, slowed capital spending and cut jobs and wages to save money.

Companies have also raced to raise as much credit as possible and preserve liquidity. Delta Air Lines (N:) said in its report on Wednesday that it had raised $5.4 billion of capital since early March.

The following graphic shows companies reporting in the week of April 20, along with their cash and short-term investments in recent quarters.

Graphic: Who’s got cash? https://fingfx.thomsonreuters.com/gfx/mkt/xlbpgkxbpqd/whos%20got%20cash.png

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest Category Posts




You May Also Read