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$334.3 million at the end of September. At that rate, the company is going to run out of cash in nine months, <br />Bloomberg data show. <br />Peabody's cushion will be pressured with coal prices so low. Its interest expenses are more than its cash on <br />hand, according to Bloomberg data. For the 12 months ended Sept. 30, it burned through $445 million. <br />"In a challenging market backdrop, Peabody continues its aggressive efforts to <br />improve the business with a major focus on operational, portfolio and financial <br />initiatives," Peabody spokeswoman Beth Sutton said via e-mail. "Our dual financial objectives are to <br />optimize liquidity and deleverage, and we continue to pursue multiple actions on this front." <br />Going Bankrupt <br />If Peabody does file for Chapter 11, it will have plenty of company among its competitors. In less than two <br />years, as many as five coal miners have filed for bankruptcy to restructure a total of $22 billion in debt, <br />according to data compiled by Bloomberg. <br />James River Coal Co. filed for bankruptcy in April 2014 to restructure its $819 million in debt. Patriot Coal, <br />which emerged from Chapter 11 at the end of 2013, filed again in May. Walter Energy and Alpha Natural, <br />two of the biggest metallurgical coal producers in the U.S., filed in July and August with a combined total of <br />$12.1 billion in debt. <br />In addition, Cliffs Natural Resources Inc. sold its coal business to Seneca Coal Resources for $268 million <br />in December. Lourenco Goncalves, Cliffs' chief executive officer, explained in a statement that the sale was <br />made "in light of the many headwinds the industry has faced over this past year." <br />`Many Headwinds' <br />Consol spokesman Brian Aiello and Cloud Peak spokesman Rick Curtsinger didn't respond to requests for <br />comment. Gary Broadbent, spokesman for both Murray and Foresight, declined to comment. <br />While there's plenty of uncertainty surrounding the coal business, there is one thing that traders and industry <br />insiders agree on: There won't be a rebound anytime soon. <br />"The world of coal will be very ugly in 2016," said Ted O'Brien, chief executive officer at Doyle Trading <br />Consultants, an independent consulting firm specializing in metals and mining. "All the bankruptcy filings <br />that took place only helped on paper. It didn't take away supply in the markets." <br />Before it's here, it's on the Bloomberg Terminal. <br />