Or is it death watch?
Based on Walt Disney’s balance sheet as of May 5, 2020, long-term debt is at $42.77 billion and current debt is at $12.68 billion, amounting to $55.45 billion in total debt. Adjusted for $14.34 billion in cash-equivalents, the company’s net debt is at $41.11 billion. Walt Disney has $206.29 billion in total assets, therefore making the debt-ratio 0.27.
The Q3 report as of June 27 has long-term debt at $54.2 billion and current debt at $10.22 billion, amounting to $64.42 billion in total debt. Adjusted for $23.12 billion in cash-equivalents, the net debt is $41.3 billion vs $207.65 billion in total assets.
In other words, while the balance sheet doesn’t show the impact of Corona-chan on the organization yet, Disney is having to borrow a LOT of money in order to keep enough cash on hand to pay its bills. Keep in mind that less than two years ago, the Devil Mouse had $3 billion less total debt than it currently holds in cash.