kowenicki said:
but yes... as I posted in another thread a few minutes ago, the numbers are alarming for Sony the last two years since Kaz walked in.
Yes, $17bn debt is correct, but with about $18bn in cash and short term deposits. Yes that is fairly awful (especially when this debt will be VERY expensive for sony to refinance due to Junk status). Total liabilities are $127bn, assets just $150bn. BUT... and it is a big BUT, net tangible assets are just $10bn, you know what? that was $20bn two short years ago. If it drops by the same amount again in the next two years they are technically insolvent. Cash reserves also down by 30% (from $12bn to $8bn) in just two years. They need to turn this around very, very quickly. |
Hey, they're trying to party on here! You come on here with you and your "facts" and ruin their party!
How dare you.
Hopefully they can turn it around though, competition is good for everyone whether this guy, http://gamrconnect.vgchartz.com/thread.php?id=179174 thinks so or not.
