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Easing Up on Cash Hoarding

A trickle of companies report they are making capital expenditures.

By Susan Kelly | Updated on June 30, 2011

A few companies stopped adding to their cash cushions last year, suggesting that businesses are becoming a little more confident in the U.S. economy, according to the Association for Financial Professionals’ 2011 Liquidity Survey. 

In the poll of 364 companies conducted over the last 12 months ending in May, 39% said they had more cash and short-term investments in the first quarter of 2011 than they did a year earlier, vs. the 43% that reported having more cash in the 2010 survey. Thirty percent of the companies had less cash in the first quarter than a year earlier, vs. 24% in last year’s survey.  

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