Tuesday October 20, 2020

Irish firms sitting strategically pretty atop €12.3bn cash pile

The war chests of 14 Iseq-listed companies are twice what they were in 2006, writes Fearghal O’Connor

23rd December, 2014
2

Ireland’s publicly listed companies doubled the amount of cash they have collectively on their balance sheets during the recession, and are now sitting on a €12.3 billion cash pile.

This war chest leaves them in a strong position to avail of acquisition and other opportunities as recovery takes hold.

In 2006 the same Iseq-listed companies held just €6.4 billion in cash, according to analysis carried out by this newspaper. A further €1.7 billion...

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