What is GameStop debt?
According to GameStop 's latest financial reports the company's total debt is $0.60 B. A company's total debt is the sum of all current and non-current debts.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.
How much cash does GameStop have right now?
Cash on Hand as of January 2024 : $1.19 B.GameStop share trading explained - BBC News
Is GME debt free?
Total debt on the balance sheet as of January 2024 : $0.60 B.Has GameStop been profitable?
GameStop reported net sales of $5.2 billion for its 2023 fiscal year, down from $5.9 billion the previous year. But the company swung to a profit of $6.7 million in 2023, reversing a loss of $313.1 million in fiscal 2022. The latest run-up in GameStop shares will boost its balance sheet.How much will GameStop be worth?
GameStop net worth as of September 12, 2024 is $8.8B.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.
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.What companies lost money from GameStop?
8 Hedge Funds that Lost Money Betting Against GameStop
- Melvin Capital.
- Light Street Capital.
- White Square Capital.
- Point72 Asset Management.
- Citron Capital.
- D1 Capital Partners.
- Maplelane Capital.
- Candlestick Capital Management.
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.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 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.How long has GameStop been losing money?
The company has been losing money for several years due to its reliance on brick-and-mortar stores at a time when customers buy video games and collectibles through ecommerce firms, and its latest quarter was no different. Net sales fell to $881.8 million compared with $1.24 billion a year ago.Why is GameStop unprofitable?
GameStop is in a declining industry. People are not buying video game software and hardware from brick-and-mortar shops like they used to, and no reasonable analyst expects this trend to reverse. Instead, GameStop's former customers now buy these products on the internet from well-established Internet vendors.Why did GameStop plummet?
CNN reported that the drop was partly due to restrictions imposed by Robinhood and other brokers on the number of shares that could be purchased at once by their clients. The short squeezed securities' prices continued to decline during the week.Did GameStop pay off its debt?
The video game retailer used the cash it gained during the early 2021 meme-stock event to pay off its formerly large debt load.Who owns the most GME stock?
Largest shareholders include Vanguard Group Inc, BlackRock Inc., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, IJH - iShares Core S&P Mid-Cap ETF, State Street Corp, NAESX - Vanguard Small-Cap Index Fund Investor Shares, Citadel Advisors Llc, VISVX - Vanguard Small-Cap Value Index Fund Investor Shares ...How much cash does GameStop have?
GameStop could make more money than it has in recent quarters by just sitting on its $4 billion cash pile. GameStop could earn more from interest on its $4 billion cash pile than its core retail business.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.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.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.
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