Successful may have been the wrong term, but Nintendo is (or was last year at least) Japan's richest company.
This is not a trivial thing
https://toyokeizai.net/articles/-/713322
> debt to equity ratio is all you care about?
All I care about? No, but you cannot so easily dismiss it either
Companies, even huge ones, that are highly leveraged are in a precarious spot. A competitor could simply buy them, a bad product launch could lead to investors pulling out and the company being parted out and sold... Many industries are littered with the remains of huge, "untouchable" companies that were vulnerable because of their debt load
Companies having savings and low debt load is good for the company and its employees actually
It is only bad if you are a hyper capitalist investor idiot who doesn't care about the long term success of the company and just want to extract as much wealth as you possibly can for yourself before leaving it to crumble
This is not a trivial thing
https://toyokeizai.net/articles/-/713322
> debt to equity ratio is all you care about?
All I care about? No, but you cannot so easily dismiss it either
Companies, even huge ones, that are highly leveraged are in a precarious spot. A competitor could simply buy them, a bad product launch could lead to investors pulling out and the company being parted out and sold... Many industries are littered with the remains of huge, "untouchable" companies that were vulnerable because of their debt load
Companies having savings and low debt load is good for the company and its employees actually
It is only bad if you are a hyper capitalist investor idiot who doesn't care about the long term success of the company and just want to extract as much wealth as you possibly can for yourself before leaving it to crumble