Kresnik said:
TheLastStarFighter said:
It is acceptable for a writer to say they have $8 billion or so in the bank. The additional assets they are referring to are not things like buildings or other physical assets, but rather things such as cash which has been invested. It is more accurate for the writer to say they have $8 billion than $4 billion, though if they were being technical they could break it down. But if Nintendo wanted to blow $8 billion to acquire something, or to pay the bills or whatever, they could do so without selling property or borrowing, and they could do it quickly. Again, to compare to an individual, it's like if you or I had 100k in cash in our checking account and another 100k in an investment account. We would say we have 200k "in the bank", which is how people (accurately) describe Nintendo's financial situation.
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Question then - they can access their short term investments whenever they need to, then?
Like you say, they want to buy a $5 billion investment tomorrow with only their own cash. The money in "short term investments" can be withdrawn straight away and put into their own bank account to make the purchase?
If so, then never mind. I did not know that!
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Yes, as Kowen said the short term investments can become cash reasonably quickly and with a high level of certainty.