A press release says, "Fitch Ratings has released a report, "U.​S. Corporate Cash Part I: Growth at an Inflection Point?, that examines trends in corporate cash accumulation from 2000 to the present for the vast majority of the U.​S. universe, putting this growth into context relative to the change in business activity over this period. Also examined is the rationale for the increase. Fitch Ratings' study reveals that: Median industrial U.​S. corporate cash levels increased approximately 250% since 2000 and about 60-​80% since year-​end 2007. Even accounting for the substantial increase in business activity over the past decade, cash has increased impressively, outpacing the growth in corporate revenues or earnings by 50%-​80% since 2000, and 30%-​50% since year-​end 2007. While cash balances over the intermediate term has increased substantially, Median corporate cash growth rates approached zero in 2011 and 2012, with results being wide ranging. For example, within the broader universe, 25% of U.​S. industrial corporates saw cash balances increase by more than 25% in 2012 vis-​a-​vis 2011, while another 25% of the universe saw cash balances decrease by at least 25% last year. Cash balances usually spike at the onset of increased economic uncertainty, such as the approximate 30%​35% increase experienced by the median company in just one year at the height of the "​great recession" and the tech bust earlier in the past decade."

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