My final thread on the PS3s situation. Squilliam signing out.

[Tigawoods]

Phrancheyez said:

kowenicki said:

Phrancheyez said:

Cypher1980 said:
You state Sony have Cash Reserves.

Maybe they could use them to offload their mountain of debt.

Or maybe your talking out your ..........

 

If they didn't have cash reserves, they'd be bankrupt.  That's like asking me why I have any money in the bank when I still have a car payment.  Of course they have money..the only way to pay off that debt is to make payments on it, of course they don't have the whole 11 billion (or however much debt it is) that they owe, or chances are they probably wouldn't owe it..

Utter nonsense.  Ever heard of a balance sheet... it has things called assets on it.. you know, Buildings, Stock, Share capital, Good will etc etc

 

 

 

Utter nonsense?  If Sony had $0 in the bank, THEY WOULD BE BANKRUPT.  It doesn't matter what's on a balance sheet.  You have to have cold hard cash somewhere, or their assets would be getting sold off.  You can't pay anyone with $0 in the bank.

Not really. If they still have assets to liquify into cash then they can still survive. Mind you not being liquid does not bode well for the company but having limited to no cash does not necessarily mean they are bankrupt. Cash is king though especially in these trying economic times.