National HealthCare Corporation — Earnings Quality Grade A
NHC · Healthcare
Strong financial health
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 33 days, change -5 days YoY
AR growth 2.7% vs revenue growth 16.9%
Revenue 16.9%, CFFO 72.5%. Cash follows revenue
Expense Quality
Inventory -13.8% vs COGS 13.6%. Normal
CapEx growth 32.1% vs revenue 16.9%. Normal
SG&A/Gross Profit = 7.7%, excellent (<30%)
Gross margin 39.3%, change +1.8pp. Stable
Cash Flow Quality
CFFO/NI = 1.54. Profits backed by cash
FCF $0.1B, FCF/NI = 1.24
Accruals ratio = -4.3%. Low accruals
Cash $0.3B covers debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 18% of equity. Manageable
Debt/EBITDA = 0.4x. Healthy
Other assets -3.7% vs revenue 16.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -2.58 (< -2.22). Unlikely 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