Belk’s debt load even after Feb 2021’s one day chapter 11 bankruptcy is unsustainably high, a massive $1.5 billion, which was brought on by (let’s be clear executives) NOT by Covid. The bankruptcy only shed $450 million in debt, Experts say that this amount of debt makes belk a ticking time bo-b for closure, no way can a company function in this challenging retail market with this debt load.
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Only One Belk silly and brain washed supporters are living in denial even when they read about financial facts and failure of Belk leaderships on the Moody reports.
A blind man can SEE a shabby, filthy, understaffed workers, no quality merchandises any more at all Belk stores. The corporate refuses to hire more help and take care the stores because Belk is low on cash and 1.2 billions in debt. A blind man can READ Belk financial report today and SEE that if Debits and Credits don’t equal then your A$$ETS are in jail! Soon we will follow Toys R Us, Sears, Kmart to liquidation any time now.
"good" money if you live in Zimbabwe.
Whatever. They still paying me good money for a manager
$225 million in cash is a drop in the bucket when you’re in the red for over $1.2 billion. Most companies with that much debt close at a moments notice.
You can find all the numbers through Moodys ratings or do a search about belk. The Charlotte observer, Charlotte financial, Retail dive, Yahoo financial. The debt is real and so are belks problems. What a mess.
when they filed chapter 11 in 2021 they had $1.9 billion in debt so do the math. then they got a $225 million infusion of cash from sicko. simple math. maybe they are down to only $1.2 billion of debt, if so, yippee....
I call bs
Where are these actual numbers? Troll
I don;t have to attach a link, just walk into any Belk store and see for yourself. Do they look like they are doing well to you?
Please attach link where you found this information
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