| cycycychris said: Ahead of Nintendo’s annual shareholders’ meeting, Nintendo has released a new document detailing the company’s assets, including the current amount of cash the company has in the bank. Whereas in 2012 Nintendo reportedly had $10 billion in the bank, the company now reports that it has about $4.7 billion in “cash and deposits”, or cash on hand. Nintendo also has a further $3.2 billion in short-term investments. In fact, although Nintendo’s current cash on hand is much lower than it was in 2012, the company still has about $10 billion in current assets, meaning that including everything they expect to make back in the next year (sale of stock, return on investments, etc), Nintendo has about the same amount in current assets as it had cash on hand in 2012. Once you add in Nintendo’s non-current assets, such as buildings and equipment, Nintendo’s total assets come out to about $13 billion. Nintendo’s 74th Annual General Meeting of Shareholders is scheduled to take place tomorrow, Friday the 27th. We will keep you updated on all the latest developments from the meeting, including Iwata’s approval rating when it becomes available. http://nintendoenthusiast.com/news/nintendo-5-billion-bank-half-2012/ |
This is kind of comparing apples and oranges.
You need to subtract current liabilities from current assets in both years to get a better idea.
Since 2012 Nintendo has posted some losses, paid out their regular minimum dividend to shareholders, and bought back about $1 Billion of shares. Do the math.
