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Forums - Nintendo - Nintendo currently has $4.7 billion in the bank

NobleTeam360 said:
vkaraujo said:


Yes it is, just compare with other companys.

Activision/Blizzard for example. Activision only has 5,6B as total current assets and only 4,2B as cash. Even less than Nintendo, despite Call of Duty, World of Warcraft and Skylanders success.

 

Cash alone means nothing, and stationary money = loss for the stock holder.

Did you miss the part where I said IMO?


It's not a matter of opinion...                                                                               



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Play4Fun said:
NobleTeam360 said:

Did you miss the part where I said IMO?


It's not a matter of opinion...                                                                               

It isn't? That's funny. 



mii-gamer said:
z101 said:
mii-gamer said:
Can someone explain to me in simplistic terms what happened to the rest of the cash?

Nintendo invested at lot of money in unkown projects and bought back it owns shares ($1.1B) from the family of Nintendos old CEO Yamauchi after he died.


Is the company healthy or in a good position? Nothing dire or anything like that

In fact, amount of 'cash' on company's account shows nothing and you can't make any deep conclusions from it. Assets/liabilities are much better showing where the company is.



Looks like Nintendo needs to sell a building.



I've had countless arguments, both here and on Reddit, where people have cited that old $10bn figure and been like "they're fine!" and I've had to dig up financials that showed they no longer have that amount of money in the bank anymore.

So I'm glad this is finally getting out in the open so I don't have to argue it anymore!

It's not all bad news. A lot of it will simply be the cash changing form due to purchases - long term investments etc.



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what?/ no way



So Nintendo have plenty of money, but less than they had before?

Pretty much what I though anyway.



 

Here lies the dearly departed Nintendomination Thread.

Kresnik said:
I've had countless arguments, both here and on Reddit, where people have cited that old $10bn figure and been like "they're fine!" and I've had to dig up financials that showed they no longer have that amount of money in the bank anymore.

So I'm glad this is finally getting out in the open so I don't have to argue it anymore!

It's not all bad news. A lot of it will simply be the cash changing form due to purchases - long term investments etc.


For some people reality is hard to swallow.



Just 13 billion? That sounds like a good acquisition price for any particular mega corporation.



Xbox: Best hardware, Game Pass best value, best BC, more 1st party genres and multiplayer titles. 

 

kupomogli said:
Looks like Nintendo needs to sell a building.


Nintendo has zero debt ...that's the part you are forgetting and that is only cash ..this is not including assets ...Nintendo is far from financial trouble