Community Health Systems, Inc. — Earnings Quality Grade F
CYH · Healthcare
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 61 days, change -5 days YoY
AR growth -9.1% vs revenue growth -1.2%
Revenue -1.2%, CFFO 13.1%. Cash follows revenue
Expense Quality
Inventory -2.7% vs COGS -4.2%. Normal
CapEx growth -6.9% vs revenue -1.2%. Normal
SG&A/Gross Profit = 53.6%. Normal
Gross margin 85.1%, change +0.5pp. Stable
Cash Flow Quality
CFFO/NI = 1.07. Profits backed by cash
FCF $0.2B, FCF/NI = 0.41
Accruals ratio = -0.3%. Low accruals
Cash $0.3B covers only 2% of debt $11.0B
Balance Sheet Health
Goodwill+Intangibles $3.3B = -238% of equity. Manageable
Debt/EBITDA = 5.5x (>4x). Interest coverage = 1.2x (<2x). Financial stress
Other assets -3.4% vs revenue -1.2%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -12% 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