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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (2083)	1/22/2000 10:14:00 PM
From: Marc Fortier	Respond to of 4691

While it's true that MAT's balance sheet is not as good as it was, it's far from being in the danger zone IMHO. In fact, as of September 30, 1999, according to the 10-Q filed in November, Mattel had total current assets of 3,307,433 billion dollars, against total long-term liabilities of 1,243,929 billion dollars (down from last year's 1,297,971 billion dollars BTW), a ratio close to 3 to 1. It's true that total current liabilities amount to 2,486,766 billion dollars (up slightly from last year's 2,457,598 billion dollars), but cash ($92,714,000), accounts receivable ($2,000,868,000) and inventories ($742,704,000) are counter-balancing this position easily. Correct me if I am wrong, but Mattel's balance sheet remain strong in spite of the difficult times the company is going through. Regards to everybody on this board, MF