Atlanta Braves Holdings, Inc. - — Earnings Quality Grade F
BATRA · Communication Services
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 17 days, change -11 days YoY
AR growth -32.9% vs revenue growth 10.5%
Revenue 10.5%, CFFO 51.7%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -40.3% vs revenue 10.5%. Normal
SG&A/Gross Profit = 58.3%. Normal
Gross margin swung +7.7pp (22.5% → 30.2%)
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF is negative ($-0.0B)
Accruals ratio = -3.0%. Low accruals
Cash $0.1B covers only 12% of debt $0.8B
Balance Sheet Health
Goodwill+Intangibles $0.3B = 57% of equity. Over 50%
Debt/EBITDA = 8.5x (>4x). Interest coverage = 0.4x (<2x). Financial stress
Other assets grew 32.7% vs revenue 10.5%
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -3.03 (< -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