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These Tech Titans Are Sitting On Mountains Of Cash

Last weekend iShares tweeted a chart from Bloomberg.com that stopped me in my tracks (

). It broke down all of the major industry sectors in the S&P 500 based on their cash on hand to debt ratios. This is an underutilized metric that probably needs to be employed more often. It's a great jumping off point that gives you a great picture of a sector's financial health before you start selecting individual stocks.

No surprise that utilities have the lowest with just $200 million in the cash register versus $12.3 billion in debt on the books, or a cash on hand to debt ratio of just 2%. Clearly, it's good to have more cash than debt. So what sector was the king of the cash hill? Again, no surprise: information technology was head and shoulders above the rest. Read more