| 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. |
That number is outdated, comes from March 2013. The current number for "Cash and deposits" in Nintendo's Q3 report is ¥561.605 billion. And as others have pointed out, that's only the portion of their assets that are literally in the form of cash. When you add the stuff that's easily converted to cash, you get a lot higher very quickly.
Of course, the "$8.6 billion" figure is probably also just as outdated, likely coming from a previous balance sheet with a different exchange rate. But then, the whole point of the number is to emphasise that Nintendo has plenty in the kitty, so to speak.
