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Friday, 10th August 2007

New AFP Liquidity Survey Reveals Businesses Maintaining High Level of Cash

New AFP Liquidity Survey Reveals Businesses Maintaining High Level of Cash
Source: Association for Financial Professionals

The Association for Financial Professionals (AFP) 2007 Liquidity Survey has found that U.S. businesses are maintaining high levels of cash and a significant percentage (36%) are building their cash positions. More than a quarter (27%) expect their organizations to increase their short-term balances over the next year. Stockpiling cash is a sign that businesses are unwilling to invest in acquisitions, capital improvements, and expansion due to uncertainty about economic and business conditions.

The survey, underwritten by Citi, reported that many organizations increased their U.S. holdings of cash and short-term investment vehicles over the six-month period surveyed from November 2006 to May 2007. During the same time period, fewer organizations increased their non-U.S. cash holdings. In the cases of both U.S and non-U.S. holdings, organizations were more likely to have maintained their current cash and cash equivalent balances than they had a year earlier.

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