gcfan2k5 said:
The market cap for SNE is listed at what? 50 billion for the ADR? the actual market cap is hovering around 64bln currently, and as for whether the debt stands at 11bln or 60bln, it doesnt matter when sony as a whole is bleeding money, and they are getting trashed in every market from every direction. I still believe they owe 60bln, unless bloomberg are liars, which they arent.
Well first off, clinging to a 3 year old article is still kind of silly. Regardless of who is or isn't a liar (and so far none of the sources linked are), you can get the most recent releases right on Sony's website.
Second, you're being so highly selective with the information that you either have to be deliberately misleading, or simply don't understand what you're talking about.You mix liabilities and debt, but distinguish between assets and cash reserves.
In broad simplistic terms, Sony has over $60 billion in liabilities, though that figure is about as useful as the fact that in broad simplistic terms, they have over $90 billion in assets.
Though of course by the very nature of Sony also being an insurance company, the largest single protion of their liabilities is earmarked for future insurance benefits. So even though there is no date set, or even a guarantee that they will ever have to pay, they have to be accounted for. So to a certain degree, the success of Sony Life (which right now is very successful - they generated $1.6 billion in operating income last year) is actually tied to growing Sony's liabilities, which is why it's so silly the way you treat debt and liabilities the same.
The idea that Sony has a creditor actively seeking $60 billion is as erroneous as the idea that they could easily afford to pay off such a debt and have $30 billion to spare with all of their assets.