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Chart 40
Non-Bank Corporations Have the Best Balance Sheets in 25 Years
| Year |
Cash and Cash Equivalents (dollars in millions) |
Cash Percentage of Long-Term Debt |
| 1980 |
" 75,921 " |
31.74% |
| 1981 |
" 74,518 " |
28.01% |
| 1982 |
" 77,147 " |
25.62% |
| 1983 |
" 96,933 " |
33.13% |
| 1984 |
" 108,685 " |
32.97% |
| 1985 |
" 104,713 " |
33.29% |
| 1986 |
" 124,287 " |
36.18% |
| 1987 |
" 137,663 " |
40.14% |
| 1988 |
" 129,599 " |
35.10% |
| 1989 |
" 98,332 " |
17.41% |
| 1990 |
" 95,487 " |
15.30% |
| 1991 |
" 104,726 " |
16.45% |
| 1992 |
" 109,269 " |
14.79% |
| 1993 |
" 115,242 " |
19.24% |
| 1994 |
" 125,911 " |
20.33% |
| 1995 |
" 134,937 " |
20.14% |
| 1996 |
" 155,298 " |
21.50% |
| 1997 |
" 168,869 " |
21.35% |
| 1998 |
" 202,802 " |
23.93% |
| 1999 |
" 260,587 " |
26.57% |
| 2000 |
" 328,865 " |
30.37% |
| 2001 |
" 352,382 " |
26.55% |
| 2002 |
" 413,611 " |
31.67% |
| 2003 |
" 499,847 " |
38.69% |
| 2004 |
" 626,258 " |
40.24% |
| "July 1, 2005" |
" 634,402 " |
41.26% |
Note: The last time that cash and cash equivalents (as a percentage of long-term debt) reached this level (on July 1, 2005) was in 1987.
Sources: Standard and Poor's and CIBC World Markets.
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