RadioShack May be Sailing Into the Sunset, Moody’s Says

Better stock up on those coaxial cables and batteries. Electronics chain RadioShack could run out of cash sometime next year, Moody's credit ratings agency said Tuesday. "Barring a cash infusion, RadioShack will not have much of a cash cushion to draw upon as it scrambles to remain relevant in the increasingly competitive mobile phone and consumer electronics business," Moody's said in a note. RadioShack did not immediately respond to request for comment. In the most recent quarter ended May 3, the company posted an operating loss of $81 million. Over the same period, its cash balance shrank to $62 million, Moody's said. Earlier this year, RadioShack had announced plans to close about 1,100 U.S. stores. But a disagreement with lenders caused the chain to dial back this plan to close up to 200 stores a year over the next three years.

RadioShack to hit $0? 1:10


-- CNBC's Krystina Gustafson and NBC News staff