Belden Inc — Earnings Quality Grade F
BDC · Technology
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 62 days, change +1 days YoY
AR outpaced revenue for 2 consecutive years
Revenue grew 10.3% but CFFO only 0.8%
Expense Quality
Inventory 17.3% vs COGS 9.4%. Normal
CapEx growth 5.5% vs revenue 10.3%. Normal
SG&A/Gross Profit = 51.7%. Normal
Gross margin 38.0%, change +0.5pp. Stable
Cash Flow Quality
CFFO/NI = 1.49. Profits backed by cash
FCF $0.2B, FCF/NI = 0.92
Accruals ratio = -3.3%. Low accruals
Cash $0.4B covers only 28% of debt $1.4B
Balance Sheet Health
Goodwill+Intangibles $1.4B = 114% of equity. Over 50%
Debt/EBITDA = 3.2x. Healthy
Other assets 1.0% vs revenue 10.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -0% YoY. Normal
Manipulation Score
M-Score = -2.57 (< -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