Nintendo won't hit their forecasts. How did they get them so wrong?

[benji232]

OdinHades said:
I'm on my phone and can't quote but could people please stop to confuse the market cap with the actual worth of a company or let alone the size. Imagine Sony would buy all of their stocks back. That would bring the market cap to exactly 0 $. Would that mean that they're dead?

Indeed, they are worth 150B$ in assets while Nintendo is worth around 17-18B$ in assets. However, sony has a debt of    

 

135B$.

I will use your logic, I could have 500M$ and you could have 10$, however, if I have a debt of 600M$ and you have 0 debt, you're still worth a lot more then me.