Avista Corporation — Earnings Quality Grade F
AVA · Utilities
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 41 days, change +2 days YoY
AR growth 7.3% vs revenue growth 1.3%
Revenue 1.3%, CFFO -12.2%. Cash follows revenue
Expense Quality
Inventory growth 22.3% far exceeds COGS -13.4%, margin rising. Fraud signal
CapEx growth 6.9% vs revenue 1.3%. Normal
Insufficient data
Gross margin swung +6.0pp (58.8% → 64.8%)
Cash Flow Quality
CFFO/NI = 2.43. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -3.3%. Low accruals
Cash $0.0B covers only 1% of debt $3.3B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 3% of equity. Manageable
Debt/EBITDA = 5.0x (>4x). Financial stress
Other assets 15.0% vs revenue 1.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
Insufficient data
Portfolio monitoring
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Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25