How much is GameStop in debt?
Total debt on the balance sheet as of January 2024 : $0.60 B According to GameStop 's latest financial reports the company's total debt is $0.60 B.Is GameStop still in debt?
Financial Health And PerformanceGameStop's most recent balance sheet dated May 4, 2024, included more than $1 billion in cash and marketable securities. The long-term debt balance was just shy of $15 million. Operating leases and other long-term debt totaled about $400 million.
What is GameStop's net debt?
GameStop's operated at median total debt of 649 million from fiscal years ending February 2020 to 2024. Looking back at the last 5 years, GameStop's total debt peaked in February 2020 at 1.188 billion. GameStop's total debt hit its 5-year low in February 2024 of 602.8 million.What will GameStop do with $4 billion?
Park it in Treasury billsSimply parking GameStop's $4 billion cash hoard in short-term Treasury bonds could yield more than $200 million per year — more than enough to paper over the company's $34.5 million operating loss from its 2023 fiscal year.
Is GameStop losing money?
The video game seller on Friday reported a loss of $32.3 million on revenue of $882 million in its fiscal first quarter, with declining sales of hardware, software and collectibles. That compared with a loss of $50.5 million on revenue of $1.2 billion in the year-ago period.GameStop Has No Debt And A Lot Of Cash - So What's Their Next Move?
Has GameStop ever made a profit?
GameStop Corp. reported a fourth consecutive quarter of falling sales, though the video-game retailer reported an unexpected profit. Revenue fell 31% from a year earlier to $798 million for the second quarter ended Aug. 3, the company said in a statement Tuesday.Why is GameStop struggling?
GameStop has suffered financially since the pandemic, as many consumers shift away from physical stores and toward digital transactions.How much cash does GameStop have right now?
Cash on Hand as of January 2024 : $1.19 B.What is GameStop doing with its cash?
GameStop said in a recent SEC filing that it intends to use the cash it's raised for "general corporate purposes, which may include acquisitions and investments in a manner consistent with our investment policy."Why is GameStop being sued?
Investors led by Martin Radev, who lives in the Las Vegas area, said Gill manipulated GameStop securities between May 13 and June 13 by quietly accumulating large quantities of stock and call options, then dumping some holdings after emerging from a three-year social media hiatus.Is GameStop now a Fortune 500 company?
GameStop Corp., a Fortune 500 and S&P 500 company, is a global, multichannel video game, consumer electronics and collectibles retailer. GameStop operates more than 5,700 stores across 14 countries. GameStop is a family of specialty retailers that makes your favorite technologies affordable and simple.What is GameStop's real value?
GameStop may end up with about $4 billion to $5 billion in net cash and about 426 million shares outstanding. Its net value works out to $11 to $12 per share after selling the cash-burn business.How much did Roaring Kitty lose on GameStop?
Roaring Kitty a.k.a. Keith Gill jokes about losing another $51 million on GameStop. Traders have closely followed GameStop shares' roller-coaster ride following the reemergence of the meme-stock trader known as Roaring Kitty.Is GameStop over valued?
Intrinsic ValueCompared to the current market price of 22.072 USD, GameStop Corp is Overvalued by 67%.
How much is GameStop worth in 2024?
Market cap: $8.80 BillionAs of September 2024 GameStop has a market cap of $8.80 Billion. This makes GameStop the world's 1841th most valuable company by market cap according to our data.
When did GameStop hit $500?
At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$500 per share ($125 split-adjusted), nearly 30 times the $17.25 valuation at the beginning of the month.What is GameStop net worth now?
GameStop net worth as of September 11, 2024 is $8.52B.Interactive chart of historical net worth (market cap) for GameStop (GME) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding.
Does GameStop have any debt?
What Is GameStop's Debt Position? Video game retailer GameStop (GME) currently has very low debt compared to its assets. GameStop's total debt is about $575 million, of which $378 million is long-term debt.Who bought 9 million shares of GameStop?
NEW YORK, June 13 (Reuters) - Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week.Does BlackRock own GameStop?
(US:GME). This represents 7.4 percent ownership of the company. In their previous filing dated 2023-02-03 , BlackRock Inc. had reported owning 21,977,404 shares, indicating an increase of 2.58 percent.What is the highest GameStop stock has ever been?
The all-time high GameStop stock closing price was 86.88 on January 27, 2021. The GameStop 52-week high stock price is 64.83, which is 189.5% above the current share price.Why is GameStop crashing?
GameStop Corp. (GME) is a brick-and-mortar retail video game vendor chain that had its initial public offering in early 2002. By 2021 it was a troubled firm, with steadily falling share prices. It had been closing stores for some time, and the pandemic accelerated its sales decline.Is GameStop going outta business?
GameStop's (GME. N) , opens new tab shareholders certainly do. The video-gaming retailer was on the “brink of bankruptcy,” according to former boss Matt Furlong. Yet it was able to raise cash in 2021 via share sales after day traders mobilized by message-board Reddit (RDDT.Is GameStop gonna rise again?
Analysts said GameStop may continue to rise in the short term but they noted differences in the trade this time around and sounded alarm about the risk of sustaining losses if others unload the stock first. In 2021, the surge in trading was driven in part by investors' attempt to achieve a short squeeze.
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