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Kasz216 on 03 February 2014
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Darc Requiem said:
Kasz216 said:
Darc Requiem said:
betacon said:
Kasz216 said:

Bankrupt? Nintendo is still making a profit and has Cash Reserves of 61 Billion.

By the time Nintendo goes bankrupt the entire playing field is likely to look way different.

Hell, of the big 3, Nintendo isn't even the most likely to go bankrupt.


What?

I think he's exaggerating to make a point. Despite the fortunes of the PS4 and Wii U. Sony is still the most likely to go bankrupt of the Big 3. I chuckle at threads like this. Nintendo's isn't going bankrupt. 

Nah I was talking Yen, and actually I totally undershot the number, mustaking what they increased it by as their total.

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=7974:TYO

http://markets.ft.com/research//Markets/Tearsheets/Financials?s=7974:TYO&subview=CashFlow&period=a


Basically, nintendo has played it SUPER conservative, and has crazy amounts of cash.


Ah I didn't realize you were using Yen. I stand corrected.


Oh, I was wrong anyway, so I wouldn't expect you to.

They're cash reserves are ridicilious for a company of their surprise, it's amazing that they haven't been more pressed for stock buybacks or aquistions.

I mean, they are predicting a 240 US Million loss.  If that loss stayed consitant it would take the 28 years just to get through their Cash surplus.

Nintendo is basically like some rich guy who lived through the great depression who just throws all his money in the bank rather then invest it, lives in  cheap apartment and shops at Walmart.

 

I mean, a good comprison is Microsoft.  They're practically known for having tons of Cash on hand.

They've got ~68B on hand for a revenue of 72B  A ratio that's aready crazy.

http://www.forbes.com/companies/microsoft/

Or Apple who's cash reserve are at ~137 on 164B revenue.

http://www.forbes.com/companies/apple/

Nintendo?  

11B on a revenue of 7B?  With no real debt to mention?

http://www.forbes.com/companies/nintendo/

 

Compare that to more traditional companies like say, Samsung who's sitting at 35B on a revenue of 185B.

http://www.forbes.com/companies/samsung-electronics/

 

Nintendo is just criminally conservative with it's money.  To show how rare it is.  Apple's cash is about 10% of the cash on hand total, the largest holder of cash on hand... and it's 17th in terms of revenue when it comes to companies.