The clock is ticking for a major movie theater company with a large market share in Alabama.

AMC Theaters, which operates 18 complexes with 232 screens in the state, is close to bankruptcy, according to multiple reports citing Wall Street analysts.

Variety reported the findings of MKM Partners who stated AMC lacked liquidity to survive the current zero-revenue environment should the shutdown extend into August. The company is burning through $155 million a month, Variety reported with $265 million cash in hand and $332 million in available lines of credit.

AMC owns five of the major movie complexes in the southern Birmingham suburbs including locations at the Summit, in Hoover and Vestavia Hills. It also owns multiple complexes in the Huntsville, Dothan, Mobile and Auburn areas.

Movie theaters have been shut down nationwide since the coronavirus spread accelerated in mid-March. It remains unclear when large complexes like that will be safe to occupy or when the general public would feel comfortable sharing theaters en masse with strangers.

To make matters worse, major movie studios have delayed release of summer blockbusters including Wonder Woman 1984, Mulan, Marvel’s Black Widow and the next James Bond flick, No Time To Die. Other films were sent straight to streaming platforms while the theaters were closed due to the outbreak.

Read more about the possible AMC bankruptcy in Variety.

AMC theaters in Alabama

Auburn/Opelika

AMC Classic Auburn 14

AMC Classic Tiger 13

Birmingham

AMC Summit 16

AMC Classic Lee Branch 15

AMC Patton Creek 15

AMC Classic Lorna Ridge 10

AMC Dine-in Vestavia Hills 10

Cullman

AMC Classic Marktplatz 10

Decatur

AMC Classic Decatur 12

Dothan

AMC Classic Dothan Pavilion 12

AMC Classic Dothan 6

Florence

AMC Classic Florence 12

Huntsville

AMC Valley Bend 18

AMC Classic Huntsville 10

Montgomery

AMC Festival Plaza 16

Mobile area

AMC Classic Jubilee Square 12 (Daphne)

AMC Mobile 16

AMC Classic Wharf 15 (Orange Beach)