Thread regarding Weatherford International Ltd. layoffs

WFT has tangible GAAP equity (Equity less goodwill) of -$800MM.

Does that mean WFT really insolvent?

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Post ID: @OP+K32TUws

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It means that the companies solid assets ..... property, plant, equipment and yacht... are worth less than previously thought

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Post ID: @eyx+K32TUws

Weatherford has been insolvent for a while now. I'm surprised someone would even post this question.

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Post ID: @ant+K32TUws

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