Toy seller Toys-R-Us may be dangerously close to filing for bankruptcy.
The company is struggling under a mountain of debt and the company's three owners are looking at a debt restructuring, according to a report by the Associated Press.
Analysts say a Toys-R-Us bankruptcy filing now would give toy makers Mattel and Hasbro a clear view into the company's viability through the holidays.
The company has hired restructuring lawyers to address $400 million in debt due in 2018.
Reorg Research reports Toys-R-Us could file for bankruptcy as soon as this week.