Extracted from a recent post from Dow Jones: "AMC's total cash and cash equivalents at the end of 2023 were $884.3 million, up from $631.5 at the end of 2022. The company's total debt including finance leases at the end of 2023 was around $4.56 billion, down from $5.01 billion at the end of 2022."
I don't know about you, but I find the debt that $AMC Entertainment(AMC)$ has landed itself into is too alarming. $4.56 billions??? Even with the upcoming sale of common stock, it can hardly cover much of the debt! People with simple finance knowledge will know that debts balloon to a greater amount easily due to the compound interest effect.
As much as I am tempted to buy low and sell high on this meme stock, my basic finance knowledge is stopping me from buying the stock. There might be some positive stimuli in future (more concert movies?) but as of the current state, it seems to be heading towards bankruptcy. Nonetheless, I hope more positive than negative for AMC. Good luck folks [Grin]
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