ATN International, Inc. — Earnings Quality Grade F
ATNI · Communication Services
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 45 days, change -1 days YoY
AR growth -2.5% vs revenue growth -0.2%
Revenue -0.2%, CFFO 4.7%. Cash follows revenue
Expense Quality
Inventory -5.7% vs COGS 0.7%. Normal
CapEx growth -18.9% vs revenue -0.2%. Normal
SG&A/Gross Profit = 55.7%. Normal
Gross margin 56.3%, change -0.4pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.0B, FCF/NI = -2.95
Accruals ratio = -8.9%. Low accruals
Cash $0.1B covers only 15% of debt $0.7B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 27% of equity. Manageable
Debt/EBITDA = 4.4x (>4x). Interest coverage = 0.9x (<2x). Financial stress
Other assets -4.3% vs revenue -0.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -10% YoY. Normal
Manipulation Score
M-Score = -2.94 (< -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