Ventas, Inc. — Earnings Quality Grade F
VTR · Real Estate
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 16 days, change +1 days YoY
AR growth 23.8% vs revenue growth 18.5%
Revenue 18.5%, CFFO 23.8%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 6.8% vs revenue 18.5%. Normal
SG&A/Gross Profit = 7.3%, excellent (<30%)
Gross margin 41.4%, change -1.2pp. Stable
Cash Flow Quality
CFFO/NI = 6.55. Profits backed by cash
FCF $1.0B, FCF/NI = 3.99
Accruals ratio = -5.1%. Low accruals
Cash $0.7B covers only 6% of debt $13.2B
Balance Sheet Health
Goodwill+Intangibles $1.1B = 8% of equity. Manageable
Debt/EBITDA = 5.8x (>4x). Interest coverage = 1.4x (<2x). Financial stress
Other assets -24.1% vs revenue 18.5%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
Insufficient data
Portfolio monitoring
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Altman Z-Score — Not Applicable
Ventas, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25