CFOs continue to hold cash amid economic worries

11/1/2011 | CFO Magazine

Chief financial officers say their companies have increased their cash holdings by an average of 3% over the past year, according to a survey by CFO Magazine. More than 40% said they would like to increase their reserves even further, while more than 25% said they want to cut back on cash. An acquisition or increased demand were among the top reasons that would get many companies spending again, the survey found. "If companies didn't have that cushion, they might be required to take more-dramatic action to reduce costs if the economy does slow," one CFO says.

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