SFL Corporation Ltd — Earnings Quality Grade F
SFL · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 6 days, change -9 days YoY
AR growth -68.6% vs revenue growth -19.4%
Revenue -19.4%, CFFO -27.8%. Cash follows revenue
Expense Quality
Inventory -20.7% vs COGS -7.8%. Normal
CapEx growth -89.1% vs revenue -19.4%. Normal
SG&A/Gross Profit = 10.1%, excellent (<30%)
Gross margin swung -9.3pp (34.7% → 25.3%)
Cash Flow Quality
CFFO/NI = -10.11. Below 1.0
FCF $0.2B, FCF/NI = -7.44
Accruals ratio = -8.1%. Low accruals
Cash $0.2B covers only 6% of debt $2.6B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 6.7x (>4x). Interest coverage = 1.0x (<2x). Financial stress
Other assets 0.0% vs revenue -19.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -3.35 (< -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