Long-term debt would indeed be a problem. I would think it'd be unlikely they could go back to the markets & put up additional shares for sale, since investors would want some assurance that patrons will return to theaters once the pandemic restrictions have been eased. [0]
Whether they can pay their operational debt (rent, utilities & property taxes mostly, since they won't be paying employees or suppliers) would depend on their cash balance. Eight months into this, and their cash has got to be running pretty low.
[0] I for one will not. I wasn't happy with the megaplex movie-going experience anyway, and there isn't an Alamo Drafthouse in Charlotte.
Long-term debt is going to be the ultimate problem. Commercial property is already looking very rocky, and it's going to have its 2008 moment within 18 months or so.
IMO this is a major social shift, not a temporary distraction from business as usual.
Whether they can pay their operational debt (rent, utilities & property taxes mostly, since they won't be paying employees or suppliers) would depend on their cash balance. Eight months into this, and their cash has got to be running pretty low.
[0] I for one will not. I wasn't happy with the megaplex movie-going experience anyway, and there isn't an Alamo Drafthouse in Charlotte.