Apple more liquid than US govt

US govt's figures represent its financial headroom, whereas, Apple's figures represent cash on balance sheet. PHOTO: REUTERS/FILE

In the wake of the economic crunch in the US, iPhone manufacturer Apple’s liquidity has crossed US reserves standing at $73.468, reaching a record high of $75.876 billion, according to a report published in the Financial Post on Thursday.

The figures were quoted in Apple’s recent quarterly earnings report released at the end of June 2011, while the US Treasury Department quoted the figures for withholding reserves.

According to a report by Millward Brown Optimum, Apple surpassed Google in the rating of 100 most valuable global brands, compared to the succeeding year, when Google topped the list.

However, the figures cannot be compared directly as the US government’s figures represent its financial headroom before the economic crunch, whereas, Apple’s figures are based upon the available cash on its balance sheet.

Nevertheless, the figures show the growth Apple has shown in recent years.