Gox's debt

[rikkejohn]

Just wondering if people know the extent of the debt.

As of now, the liabilities of MtGox Co., Ltd exceed its assets and its financial situation is as follows:

Total amount of assets    3,841,866,163
Total amount of current liabilities  6,501,119,371

Am I correct in believing this is just assets and liabilities in Yen?

Therefore,

Gox owes 2,659,253,208 ($26,251,281.47) in cash
+ Gox owes 750,000 in BTC (estimate that at $450,000,000)

Total converted to dollars: $476,251,281.47


It sounds an insane amount. I thought the figures on the website were in dollars but I notice there is no mention of the currency, just the figures. So I assume we're in Yen territory (or Gox is really screwed!)

Am I right, Gox owes $476,251,281.47 (taking into account the BTC debt which of course it will try and wriggle out of placing the value on it that I have just done (in truth it should be more given they locked coins in when BTC was at $1000)).

Apologies if I'm way out, but there seems to be conflicting reports from the media.

[madzooka]

I also thought the figures were in USD! That's insane why MtGox is on bankruptcy process if there is still great amount of assets and money. Correct if  i am wrong.

[rikkejohn]

Looks like Karpeles' liabilities are increasing. A $100 increase on BTC today.

So, 100 x 750,000 = $75,000,000
+ $476,251,281.47

Total: $551,251,281.47

(assuming I was right in the first place)

GO >>>>>>> BTC >>>>>>>