Pacific Gas & Electric Co. — Earnings Quality Grade F
PCG · Utilities
Major red flags
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 +0 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 2.1%, CFFO 8.5%. Cash follows revenue
Expense Quality
Inventory 0.0% vs COGS -1.3%. Normal
CapEx growth 13.7% vs revenue 2.1%. Normal
Insufficient data
Gross margin 39.6%, change +2.1pp. Stable
Cash Flow Quality
CFFO/NI = 3.22. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -4.2%. Low accruals
Cash $0.7B covers only 1% of debt $61.3B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 6.1x (>4x). Interest coverage = 1.6x (<2x). Financial stress
Other assets 5.7% vs revenue 2.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
No goodwill
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