Microsoft Still Owes Over 100 Billion Dollars and It Cannot be Paid Back Using 'Goodwill'
Is debt the new 'currency'?
THE US Debt Clock nearly points at 99 trillion dollars right now (not just national debt but also personal and business debt).
Insane, right? Total "GDP", as meaningless as that yardstick can be, is nowhere near that. Is the country insolvent?
According to these latest numbers, as of March 31st Microsoft still struggles to pay back its debts, never mind the interest on this humongous debt. Microsoft now claims that its "Goodwill" - whatever that is - increased in value by 51+ billion dollars in just 9 month [1, 2], i.e. nearly doubling in less than a year despite a sagging economy and mass layoffs. Even Microsoft's own staff is upset at Microsoft and most of them want to leave.
There is something truly and inherently ludicrous about this kind of fictional economy, where companies list "goodwill" as a massive asset that 'doubles' in 9 months and is somehow "worth" more than the debt (you cannot pay back debt in "goodwill").
Meanwhile, Microsoft's cash at hand (in the bank) nearly halved in the past year. Tough times. █