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Forums - Gaming Discussion - Nintendo hes a higher chance of going bankrupt then Sony - Explaining why

Dragon246 on 27 February 2014

http://www.macroaxis.com/invest/market/NTDOY--Nintendo-Co-Ltd
more than 76% chance of bankruptcy

http://www.macroaxis.com/invest/market/SNE--Sony-Corporation
less than 48% chance of bankruptcy

I remember how this site (microaxis) and its figures were taken as gospel truth by some earlier. How is the feeling now?



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osed125 on 27 February 2014
Legendary_W said:
NintendoSupporter<3 said:
MohammadBadir said:
spemanig said:
This will be good. *grabs popcorn*







http://www.youtube.com/watch?v=rPseOlTl7Dk



Nintendo and PC gamer

t3mporary_126 on 27 February 2014

Nintendo plans to branch out of their video game business with Quality of Life products in the future so they have that to rely on if Nintendo isn't do so well on gaming.

 



MikeRox on 27 February 2014
Legendary_W said:
NintendoSupporter<3 said:
MohammadBadir said:
spemanig said:
This will be good. *grabs popcorn*








I don't know about Nintendo or Sony... but I don't think Butterkist have anything to worry about judging from this...

 



RIP Dad 25/11/51 - 13/12/13. You will be missed but never forgotten.

JoeFlex on 27 February 2014
NintendoSupporter<3 said:
MohammadBadir said:
spemanig said:
This will be good. *grabs popcorn*









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sales2099 on 27 February 2014

Nintendo isn't 17 billion in debt......



Xbox: Best hardware, Game Pass best value, best BC, more 1st party genres and multiplayer titles. 

 

Dragon246 on 27 February 2014
kowenicki said:
Dragon246 said:
http://www.macroaxis.com/invest/market/NTDOY--Nintendo-Co-Ltd
more than 76% chance of bankruptcy

http://www.macroaxis.com/invest/market/SNE--Sony-Corporation
less than 48% chance of bankruptcy

I remember how this site (microaxis) and its figures were taken as gospel truth by some earlier. How is the feeling now?


horse shit then, horse shit now.


Agreed.



MTZehvor on 27 February 2014

If both firms were on equal financial footing, I'd agree. But Sony's current financial situation is much worse than Nintendo's. I think Sony is something like $12 billion in debt at the moment, whereas Nintendo has enough in reserves to last for quite some time, even if they are taking heavy losses.



TheLastStarFighter on 27 February 2014

Your topic and post are greatly flawed, OP. If you want to say Sony is making better decisions and headed in a better direction, that's fine and it's what you are arguing and saying in your OP. However, your title refers to bankruptcy. Bankruptcy is being unable to meet your financial commitments. Sony has a large level of debt, Nintendo has a large amount of cash reserves. It is virtually impossible for Nintendo to go bankrupt in the near future. It is possible (though unlikely) that Sony could, because it has so much debt. It's as simple as that, and not really a matter for "opinions" - it's just basic math.



sales2099 on 27 February 2014
kowenicki said:
sales2099 said:
Nintendo isn't 17 billion in debt......


to be fair, neither is Sony... many companes carry debt, they also have cash to hand and assets.

but yes... as I posted in another thread a few minutes ago, the numbers are alarming for Sony the last two years since Kaz walked in.

 

Yes, $17bn debt is correct, but with about $18bn in cash and short term deposits.  Yes that is fairly awful (especially when this debt will be VERY expensive for sony to refinance due to Junk status).

Total liabilities are $127bn, assets just $150bn. 

BUT... and it is a big BUT, net tangible assets are just $10bn, you know what?  that was $20bn two short years ago.  If it drops by the same amount again in the next two years they are technically insolvent.

Cash reserves also down by 30% (from $12bn to $8bn) in just two years.

They need to turn this around very, very quickly. 

Can always count on you to paint the big picture :)



Xbox: Best hardware, Game Pass best value, best BC, more 1st party genres and multiplayer titles.