Golar LNG Limited — Earnings Quality Grade F
GLNG · Energy
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 33 days, change -9 days YoY
AR growth 19.7% vs revenue growth 51.1%
Revenue 51.1%, CFFO 48.0%. Cash follows revenue
Expense Quality
Inventory -61.9% vs COGS 19.4%. Normal
CapEx growth 94.0% vs revenue 51.1%. Normal
SG&A/Gross Profit = 16.1%, excellent (<30%)
Gross margin rose +14.1pp while AR increased and AP decreased. Fraud pattern
Cash Flow Quality
CFFO/NI = 7.17. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = -7.6%. Low accruals
Cash $1.3B covers only 47% of debt $2.8B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 14.5x (>4x). Financial stress
Other assets 5.1% vs revenue 51.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
No goodwill
Manipulation Score
M-Score = -1.18 (> -1.78). LIKELY MANIPULATOR
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25