Toyota Motors and Japan move far closer to Bankruptcy
Toyota Motors, with an Astounding 150 BILLION dollars of debt had better hope that the Bank of Japan's quantitative easing helps it sell cars!! Desperate to move product, manufacturers like Nissan offer incentives on Altimas that dwarf U.S. domestic cars like Fusion and Malibu. Lease deals are at rock bottom prices and likely to move even cheaper as Japan DUMPS product into the U.S. in order to keep cash flow and debt payments moving. Yes, 150 BILLION and no end in sight to TOYOTA debt. 50% higher than the next closest manufacturer!
AND, Japan continues its generation long efforts to stem its currency's appreciation. Trying to fend off the inexorable currency appreciation that occurs when a country actively pursues a Mercantilist trade policy, Japan's new Prime Minister has pushed for the central bank of japan to print unlimited amounts of currency in order to depreciate the yen and create a target inflation. This is ON TOP of the already back breaking debt load the country currently carries. With household and commercial debt added to the country debt, Japan (with Ireland) is FAR AND AWAY the world's largest debtor as a percentage of GDP. Its debt is over 400% of GDP!!! Nice. Get the point? BANKRUPTCY!
150 Billion in debt. Period. An astounding number! Have you any idea how long it will take to pay that back???? They won't. 15 years if they took EVERY dime of profit to do it!!! Umm, their profits will be falling for your guide..........
YOU read and understand the balance sheet. And the rest of my post.........SPOT ON!
Even some of the dullest pumpers know you don't know what you're talking about and are embarrassed by your stupid comments. You only have one rec and that was probably jeyedolt.
The others know Toyota has a massive asset pile -- and not one handed to them by the taxpayers, courtesy of the US Treasury.
Toyota has $372B in assets. TM is not exactly 'teetering on the brink'. Their net tangible assets alone are worth nearly 3 times GM's entire market cap.
PS: Of the $50B in cash given to GM, they have $24B left. $5.5B of that will soon go to the Treasury to buy 200M shares, at a massive loss to the government. When that happens, Toyota will probably have more cash than GM once again......just like they did before the GM bailout.