4 ms·
> Takada has only $520 million on hand and is worth about $340 million Does this mean they have $520m in cash, but the stock valve is less than their bank acco
by LeifCarrotson 10y ago
> Takada has only $520 million on hand and is worth about $340 million
Does this mean they have $520m in cash, but the stock valve is less than their bank account?
- aab0 10y agoSounds like it. Take into account the impending fine, all the lawsuits in many countries, the family control of the firm... Takata at this point could well be worth nothing at all.
- chiph 10y agoThey have other product lines (the article mentions their seat belt business), but my guess would be that the airbag liabilities would vastly exceed the income & valuation of those.
- dandandan 10y agoYeah, the uncertainties about their future must weigh heavily on their value. If they fail to meet commitments set by the US they're liable for another 130mm in fines. That doesn't address the possibility of future lawsuits either.
- Vintila 10y agoThey probably have debt aswell.
- hkmurakami 10y agoSeems very likely considering Japanese interest rates are near zero.