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The Resource for the Global Finance Profession
Questions about this survey?
Contact Mariam Lamech, Director, Survey Research

AFP Corporate Cash Indicators®

 2016 Jan CCI Graph

 April 2016 Results: Strong job numbers and signs of stability in the domestic economy instilled some confidence among business leaders in the U.S. and they began to deploy some of their cash in the early months of 2016. However, they plan to reverse their actions during the second quarter and build their cash holdings.


Press Release: U.S. Firms Deployed Some Cash in First Quarter, But Will Resume Accumulating This Quarter

AFP Corporate Cash Indicators  Apr 16
Jan 16 
Oct 15 
Jul 15  
Change in Cash Holdings (Over the Past Quarter) -1 +16 +6 +18
Change in Cash Holdings (Over the Past Year) +10 +15 +13 +13
Expected Change in Cash Holdings
(During Current Quarter)
+7 -1 +8 +11

 2016 Jan CCI Graph

 How to read the results: 
The indicators measure recent and anticipated changes in corporate cash balances by calculating the percentage of survey respondents reporting an increase (or expected increase) in cash holdings minus the percentage reporting a decline (or expected decline). Declining indicators are indicative of increasingly confident businesses. Conversely, rising indicators suggest growing pessimism.  

Why you should care about corporate cash holdings and the AFP Corporate Cash Indicators?
The reason is simple: all other things held constant, optimistic companies are more likely to deploy their cash holdings. Confident companies use their cash to make growth-orientated expenditures (e.g., increased capital expenditures, merger & acquisitions and hiring) and to increase dividend payouts and share repurchases. Conversely, pessimistic executives are likely to retain their cash holdings

About the AFP Corporate Cash Indicators

The AFP Corporate Cash Indicators (AFP CCI), provide treasury and finance professionals, policymakers and market analysts with timely data on a determinant of economic activity: corporate cash levels. 

AFP Corporate Cash Indicators is a trademark of the Association for Financial Professionals. All AFP Corporate Cash Indicators® survey questions, data and reports are the copyrights of the Association for Financial Professionals, and all rights are reserved. For information about including the AFP CCI on your site, please contact pr@afponline.org.

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