Nabors Industries Ltd. — Earnings Quality Grade F
NBR · Energy
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 45 days, change -3 days YoY
AR growth 1.0% vs revenue growth 8.7%
Revenue 8.7%, CFFO 19.2%. Cash follows revenue
Expense Quality
Inventory -27.1% vs COGS 7.9%. Normal
CapEx growth 26.1% is >2x revenue growth 8.7%
SG&A/Gross Profit = 49.0%. Normal
Gross margin 19.5%, change +0.6pp. Stable
Cash Flow Quality
CFFO/NI = 2.42. Profits backed by cash
FCF is negative ($-0.0B)
Accruals ratio = -8.5%. Low accruals
Cash $0.9B covers only 38% of debt $2.5B
Balance Sheet Health
No goodwill. Clean balance sheet
Interest coverage = 1.2x (<2x). Financial stress
Other assets -71.8% vs revenue 8.7%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -3.11 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25