Transocean Ltd (Switzerland) — Earnings Quality Grade F
RIG · Energy
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 50 days, change -9 days YoY
AR growth -4.3% vs revenue growth 12.5%
Revenue 12.5%, CFFO 67.6%. Cash follows revenue
Expense Quality
Inventory -13.9% vs COGS -10.8%. Normal
CapEx growth -51.6% vs revenue 12.5%. Normal
SG&A/Gross Profit = 5.9%, excellent (<30%)
Gross margin 83.4%, change +4.4pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF $0.6B, FCF/NI = -0.21
Accruals ratio = -23.4%. Low accruals
Cash $0.6B covers only 10% of debt $6.0B
Balance Sheet Health
No goodwill. Clean balance sheet
Interest coverage = 1.3x (<2x). Financial stress
Other assets -11.5% vs revenue 12.5%. Normal
Write-offs surged 295% YoY, = 105% of NI. Possible big bath
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -3.57 (< -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