RadioShack May Run Out of Cash Next Year, Moody’s Says
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RadioShack Corp., the struggling electronics retailer, is in danger of running out of cash before it can complete a turnaround, Moody’s Investors Service said.
Without a capital infusion, RadioShack will probably face a cash crunch by the quarter ending Nov. 1, 2015, Moody’s said today in a report. While the company has no debt coming due until 2018, operating losses will hurt liquidity and hobble its comeback, the credit-rating firm said. The continued cash burn could also force suppliers to pull support, it said.