Brookdale Senior Living Inc. — Earnings Quality Grade F
BKD · Healthcare
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 8 days, change +2 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 2.2%, CFFO 31.2%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 0.1% vs revenue 2.2%. Normal
SG&A/Gross Profit = 47.2%. Normal
Gross margin 26.2%, change +0.6pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF $0.0B, FCF/NI = -0.06
Accruals ratio = -8.1%. Low accruals
Cash $0.3B covers only 5% of debt $5.5B
Balance Sheet Health
Goodwill+Intangibles $0.3B = -577% of equity. Manageable
Debt/EBITDA = 16.0x (>4x). Interest coverage = 0.4x (<2x). Financial stress
Other assets -1.4% vs revenue 2.2%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -5% YoY. Normal
Manipulation Score
M-Score = -2.63 (< -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