WeWork bankruptcy likely to come ‘sooner than later,’ says Creditsafe

WeWork Inc.’s high negative debt-to-equity ratio suggests that the troubled co-working-space provider’s bankruptcy is looming, according to credit-monitoring and risk-management company Creditsafe.

WeWork WE has a total shareholder equity of negative $3.56 billion and the company’s total debt is $2.9 billion, bringing its debt-to-equity ratio to -81.7%, Creditsafe said. “When a company’s debt-to-equity ratio is in the negative, this means the company’s liabilities exceed its assets,” Ragini Bhalla, head of brand and spokesperson…