| Kresnik said: I don't get where websites keep pulling this $8.6 billion figure from. http://www.marketwatch.com/investing/stock/ntdoy/financials/balance-sheet Cash only - ¥478.76 billion ~ $4.7 billion by my count. Unless they've made $4 billion somewhere in the past 12 months that I'm not aware of. Also, they have liabilities. Pretty much every company does. In Nintendo's case, they do indeed seem to be very low, though. Anyway, all this is very interesting since I'm studying business law at the moment. Buy back of shares, not a bad choice really, especially if they can afford it. |
They have $4.7 Billion USD in pure cash, but around another $4 Billion in other liquid assets. That's where they get it from. And for all intents and purposes, no they do not have "debt". Nintendo's liabilities are so small that they could be called mathmatically insignificant. Nintendo's liabilites are the equivalent of someone making 300k a year, owning their home and car and having a credit card with 2000 owing on it, which they will pay off before the end of the billing cycle. We would say that that person is "debt free".
