Covista Inc. — Earnings Quality Grade F
CVSA · Consumer Defensive
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 30 days, change +1 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 12.9%, CFFO 14.2%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 2.9% vs revenue 12.9%. Normal
SG&A/Gross Profit = 66.1%. Normal
Gross margin 56.9%, change +0.9pp. Stable
Cash Flow Quality
CFFO/NI = 1.43. Profits backed by cash
FCF $0.3B, FCF/NI = 1.21
Accruals ratio = -3.7%. Low accruals
Cash $0.2B covers only 26% of debt $0.8B
Balance Sheet Health
Goodwill+Intangibles $1.7B = 120% of equity. Over 50%
Debt/EBITDA = 1.8x. Healthy
Other assets 16.3% vs revenue 12.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -1% YoY. Normal
Manipulation Score
M-Score = -2.46 (< -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