Liberty Latin America Ltd. — Earnings Quality Grade F
LILA · 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 54 days, change -3 days YoY
AR growth -4.7% vs revenue growth -0.1%
Revenue -0.1%, CFFO 6.6%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -7.5% vs revenue -0.1%. Normal
SG&A/Gross Profit = 27.1%, excellent (<30%)
Gross margin 67.5%, change +1.1pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.3B, FCF/NI = -0.50
Accruals ratio = -11.6%. Low accruals
Cash $0.8B covers only 9% of debt $8.4B
Balance Sheet Health
Goodwill+Intangibles $4.7B = 844% of equity. Over 50%
Debt/EBITDA = 9.2x (>4x). Interest coverage = 1.1x (<2x). Financial stress
Other assets 3.3% vs revenue -0.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -10% YoY. Normal
Manipulation Score
M-Score = -3.10 (< -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