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comment by ButterflyEffect
ButterflyEffect  ·  2381 days ago  ·  link  ·    ·  parent  ·  post: Toys R Us files for bankruptcy in US and Canada

Yeah I've been scratching my head trying to figure out how the fuck Toys 'R Us of all places ends up in FIVE BILLION DOLLARS of debt before somebody says "huh, better declare bankruptcy". As opposed to, like, $700 million or something less stupidly large. Is it leveraging debt/asset ratio to say "nuh-uh, we're totally solvent!"?





user-inactivated  ·  2381 days ago  ·  link  ·  

They own more than $5 Billion in assets. This is why Sears still exists.