The recent Christmas 2017 sales report for J.C. Penney implies that improved sales should be a balm for optimists. Hard times are looming for the company.
Very high debt. The company has about $7.5 billion
in total debt if you take total liabilities minus cash minus
receivables. J.C.Penney calculates outstanding long-term debt to be
about $4.06 Billions.
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