BlockBuster doesnt have enough cash to last until the end of the year

by Zagros on August 15, 2020

By : Nomo Blockbuster

Even if Blockbuster eventually makes its payment, it is not going to have enough cash to last until the end of the year. Per Blockbuster’s 10-Q, the company is bleeding cash with only about $64 million available compared to roughly $189 million six months ago. Compare that to the more than $1.2 BILLION in current liabilities, that means that for every $1 that Blockbuster has, it owes $20.

Looking at the statement of cash flows on the 10-Q, Blockbuster is actually using up more money to operate than not to operate as evidenced in the large amount of cash used (not provided, used) in operating activities. It is clear that Blockbuster does not know what is good for it and just continues to stand around lifelessly until somebody finally kills it and puts it out of its misery. There’s no reviving this company and anyone that continues to support it is delusional.

Thank you  Nomo Blockbuster, Well said .


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