What is Office Pptys Income Tr's earnings per share (EPS)?

Office Pptys Income Tr (OPITQ) reported diluted earnings per share of -$3.79 for fiscal year 2025. This represents a -44.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Office Pptys Income Tr Financials

OPITQ

FY2025 annual

Revenue $442.6M -11.8% YoY

Net Income -$272.4M -100.1% YoY

EPS (Diluted) -$3.79 -44.1% YoY

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

Office Pptys Income Tr (OPITQ) reported $442.6M in revenue for fiscal year 2025, down 11.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI OPITQ FY2025 2026-08-15

Heavy depreciation once masked weak cash earnings, but FY2025 shows that cushion breaking under high interest and shrinking equity.

Debt-to-equity reached 2.7x in FY2025 even though long-term debt was below FY2023, because equity erosion did more damage than debt repayment helped. At the same time, cash fell from $261.3M to $29.5M as operating cash flow slipped below zero, showing that liquidity pressure arrived before the liability stack materially changed.

In FY2024, depreciation and amortization of $194.7M kept operating cash flow positive at $67.2M despite a large accounting loss; that is a classic sign of a capital-heavy business where non-cash charges can temporarily soften weak earnings quality. FY2025 broke that pattern.

By FY2025, interest expense of $203.5M consumed nearly half of revenue of $442.6M, leaving little room for reinvestment after servicing creditors. The dividend cut from $2.20 a share to $0.02 over the period reinforces that cash preservation, not distribution, became the operating priority.

Financial Health Signals

Financial health score not available

Office Pptys Income Tr does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

1/7

Office Pptys Income Tr passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

Office Pptys Income Tr reported a net loss of $272.4M while operations used $6.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$442.6M

YoY-11.8%

Office Pptys Income Tr generated $442.6M in revenue in fiscal year 2025. This represents a decrease of 11.8% from the prior year.

Net Income

-$272.4M

YoY-100.1%

Office Pptys Income Tr reported -$272.4M in net income in fiscal year 2025. This represents a decrease of 100.1% from the prior year.

EPS (Diluted)

-$3.79

YoY-44.1%

Office Pptys Income Tr earned -$3.79 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 44.1% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$29.5M

YoY-88.7%

5Y CAGR-6.9%

10Y CAGR+12.9%

Office Pptys Income Tr held $29.5M in cash against $2.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.02

YoY-50.0%

5Y CAGR-60.9%

Office Pptys Income Tr paid $0.02 per share in dividends in fiscal year 2025. This represents a decrease of 50.0% from the prior year.

Shares Outstanding

74M

YoY+5.9%

5Y CAGR+8.9%

Office Pptys Income Tr had 74M shares outstanding in fiscal year 2025. This represents an increase of 5.9% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

-61.6%

YoY-34.4pp

Office Pptys Income Tr's net profit margin was -61.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 34.4 percentage points from the prior year.

Return on Equity

-30.9%

YoY-19.1pp

5Y CAGR-31.3pp

10Y CAGR-9.0pp

Office Pptys Income Tr's ROE was -30.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 19.1 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks

$32K

YoY-83.3%

5Y CAGR-40.6%

10Y CAGR-15.5%

Office Pptys Income Tr spent $32K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 83.3% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

OPITQ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OPITQ annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$437.8M	$442.6M-11.8%	$502.0M	N/A	N/A	N/A	N/A	$678.4M+59.0%	$426.6M+34.8%	$316.5M	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$18.7M	$19.4M-8.0%	$21.1M-7.1%	$22.7M-9.6%	$25.1M-6.4%	$26.9M-5.6%	$28.4M-13.1%	$32.7M+31.3%	$24.9M+32.2%	$18.8M+26.5%	$14.9M+0.5%	$14.8M-6.2%	$15.8M+24.4%	$12.7M+6.6%	$11.9M+13.9%	$10.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$54.3M-18.5%	$66.7M+1.1%	$66.0M-7.8%	$71.5M-0.8%	$72.1M+9.6%	$65.8M+21.3%	$54.2M
Interest Expense	$192.3M	$203.5M+24.3%	$163.7M+48.0%	$110.6M+6.9%	$103.5M-7.9%	$112.4M+3.8%	$108.3M-19.7%	$134.9M+50.1%	$89.9M+37.4%	$65.4M+45.2%	$45.1M+21.8%	$37.0M+31.9%	$28.0M+66.6%	$16.8M-0.4%	$16.9M+40.1%	$12.1M
Income Tax	-$167K	$116K-42.9%	$203K-42.2%	$351K+30.0%	$270K+7.6%	$251K-33.4%	$377K-51.5%	$778K+565.0%	$117K+15.8%	$101K0.0%	$101K+17.4%	$86K-26.5%	$117K-12.0%	$133K-16.4%	$159K-21.7%	$203K
Net Income	-$319.5M	-$272.4M-100.1%	-$136.1M-96.0%	-$69.4M-1036.6%	-$6.1M+25.3%	-$8.2M-222.5%	$6.7M-78.0%	$30.3M+238.6%	-$21.9M-281.0%	$12.1M-79.1%	$57.8M+127.5%	-$210.0M-471.4%	$56.5M+3.5%	$54.6M+9.3%	$50.0M+8.6%	$46.0M
EPS (Diluted)	—	-$3.79-44.1%	-$2.63-82.6%	-$1.44-928.6%	-$0.14+17.6%	-$0.17-221.4%	$0.14-77.8%	$0.63	N/A	N/A	$0.82+127.7%	-$2.96-444.2%	$0.86-15.7%	$1.02+1.0%	$1.01	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$108.9M+3.4%	$105.3M-3.5%	$109.1M-4.7%	$114.5M+0.8%	$113.6M-3.9%	$118.2M-2.0%	$120.6M-2.5%	$123.7M
SG&A Expenses	$4.3M-6.4%	$4.6M-7.5%	$5.0M+3.1%	$4.8M-4.8%	$5.1M-4.0%	$5.3M+6.9%	$4.9M-6.9%	$5.3M
Interest Expense	$42.2M-4.7%	$44.3M-16.8%	$53.3M+1.4%	$52.5M-1.6%	$53.4M+12.8%	$47.3M+11.2%	$42.6M+11.0%	$38.3M
Income Tax	-$146K-200.0%	$146K+155.9%	-$261K-377.7%	$94K-31.4%	$137K+470.8%	$24K-89.6%	$230K+315.0%	-$107K
Net Income	-$93.0M+21.8%	-$119.0M-79.4%	-$66.3M-61.1%	-$41.2M+10.2%	-$45.9M+69.2%	-$148.7M-154.5%	-$58.4M-176.7%	$76.2M
EPS (Diluted)	-$1.26	N/A	-$0.90-55.2%	-$0.58+12.1%	-$0.66	N/A	-$1.14-173.1%	$1.56

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

OPITQ Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OPITQ annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$3.5B-8.7%	$3.8B-4.2%	$4.0B+0.2%	$4.0B-6.2%	$4.2B+7.5%	$3.9B-5.9%	$4.2B-20.0%	$5.2B+41.4%	$3.7B+55.3%	$2.4B+10.0%	$2.2B-10.4%	$2.4B+48.2%	$1.6B+4.5%	$1.6B+14.1%	$1.4B
Cash & Equivalents	$29.5M-88.7%	$261.3M+2021.9%	$12.3M+0.5%	$12.2M-85.2%	$83.0M+97.5%	$42.0M-55.1%	$93.7M+165.2%	$35.3M+113.3%	$16.6M-44.7%	$29.9M+240.8%	$8.8M-36.3%	$13.8M+80.0%	$7.7M+45.8%	$5.3M+60.6%	$3.3M
Accounts Receivable	N/A	$155.7M+16.8%	$133.3M+26.2%	$105.6M-6.4%	$112.9M+10.9%	$101.8M+21.8%	$83.6M+16.0%	$72.1M+17.3%	$61.4M+26.8%	$48.5M+7.0%	$45.3M+24.9%	$36.2M+8.7%	$33.4M+15.5%	$28.9M+0.2%	$28.8M
Total Liabilities	$2.6B-2.3%	$2.7B-2.4%	$2.7B+5.4%	$2.6B-5.5%	$2.7B+17.5%	$2.3B-6.0%	$2.5B-28.1%	$3.5B+47.0%	$2.4B+62.3%	$1.5B+19.7%	$1.2B+7.2%	$1.1B+75.8%	$642.8M+20.2%	$534.7M+12.1%	$476.9M
Long-Term Debt	$2.4B-5.0%	$2.5B-1.5%	$2.6B+5.7%	$2.4B-5.6%	$2.6B+17.0%	$2.2B-5.9%	$2.3B-28.1%	$3.3B+45.0%	$2.2B+62.5%	$1.4B	N/A	N/A	$596.0M+21.5%	$490.5M+11.9%	$438.3M
Total Equity	$881.0M-23.6%	$1.2B-8.2%	$1.3B-9.4%	$1.4B-7.4%	$1.5B-7.0%	$1.6B-5.6%	$1.7B-4.1%	$1.8B+33.8%	$1.3B+42.2%	$935.0M-2.3%	$956.7M-26.3%	$1.3B+31.1%	$989.7M-3.7%	$1.0B+15.2%	$891.7M
Retained Earnings	-$308.3M-758.0%	-$35.9M-135.9%	$100.2M-40.9%	$169.6M-3.5%	$175.7M-4.4%	$183.9M+3.8%	$177.2M+20.7%	$146.9M+35.8%	$108.1M+12.3%	$96.3M+150.3%	$38.5M-84.5%	$248.4M+29.5%	$191.9M+39.8%	$137.3M+57.2%	$87.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$3.5B-0.6%	$3.5B-0.4%	$3.5B-1.7%	$3.6B-0.2%	$3.6B-6.6%	$3.8B+2.6%	$3.7B-1.9%	$3.8B
Cash & Equivalents	$26.3M-10.8%	$29.5M-33.9%	$44.6M-42.9%	$78.2M+22.6%	$63.7M-75.6%	$261.3M+1068.5%	$22.4M+65.7%	$13.5M
Accounts Receivable	N/A	N/A	$162.6M	N/A	N/A	$155.7M+6.2%	$146.6M+4.3%	$140.5M
Total Liabilities	$2.7B+2.8%	$2.6B+4.2%	$2.5B+0.3%	$2.5B+1.3%	$2.5B-7.7%	$2.7B+9.1%	$2.4B-0.9%	$2.5B
Long-Term Debt	N/A	$2.4B	N/A	N/A	N/A	$2.5B	N/A	N/A
Total Equity	$788.1M-10.5%	$881.0M-11.9%	$999.8M-6.2%	$1.1B-3.7%	$1.1B-4.0%	$1.2B-9.8%	$1.3B-3.8%	$1.3B
Retained Earnings	-$401.3M-30.2%	-$308.3M-62.8%	-$189.3M-53.9%	-$123.0M-50.3%	-$81.8M-127.6%	-$35.9M-131.9%	$112.7M-34.1%	$171.2M

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities.

OPITQ Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OPITQ annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	-$30.9M	-$6.6M-109.8%	$67.2M-52.6%	$141.7M-26.4%	$192.6M-13.0%	$221.5M-5.2%	$233.6M+8.5%	$215.3M+48.6%	$144.9M+5.4%	$137.6M+8.5%	$126.7M+14.3%	$110.8M-15.2%	$130.7M+20.6%	$108.4M+8.1%	$100.3M+24.6%	$80.5M
Investing Cash Flow	-$27.9M	$2.2M-96.7%	$66.6M+134.2%	-$194.8M-4113.3%	-$4.6M+99.0%	-$443.0M-1827.1%	-$23.0M-102.6%	$877.8M+18.8%	$738.7M+162.2%	-$1.2B-444.7%	-$218.1M-244.4%	-$63.3M+91.5%	-$748.8M-537.2%	-$117.5M-150.5%	$232.5M+159.5%	-$390.6M
Financing Cash Flow	$69.8M	-$190.1M-265.8%	$114.7M+69.7%	$67.6M+126.0%	-$260.3M-204.5%	$249.2M+197.9%	-$254.5M+75.3%	-$1.0B-19.3%	-$864.3M-183.1%	$1.0B+827.9%	$112.1M+308.4%	-$53.8M-108.6%	$624.2M+5316.2%	$11.5M-91.4%	$134.1M-56.9%	$310.9M
Dividends Paid	$709K	$1.4M-30.8%	$2.0M-96.8%	$63.2M-40.7%	$106.6M+0.2%	$106.4M+0.2%	$106.1M+0.2%	$105.9M-37.9%	$170.6M+17.5%	$145.2M+18.7%	$122.4M+0.6%	$121.7M+20.6%	$100.9M+7.2%	$94.0M+13.6%	$82.8M+17.7%	$70.4M
Share Buybacks	N/A	$32K-83.3%	$192K-34.7%	$294K-45.6%	$540K-46.2%	$1.0M+131.1%	$434K-8.2%	$473K+103.9%	$232K-12.1%	$264K-21.7%	$337K+95.9%	$172K	$0	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$52.9M-3047.8%	$1.8M+114.8%	-$12.2M-137.6%	$32.4M+213.3%	-$28.6M-211.1%	$25.7M+250.8%	-$17.1M-153.5%	$31.9M
Investing Cash Flow	-$15.0M-254.8%	$9.7M+180.8%	-$12.0M-14.2%	-$10.5M-170.0%	$15.0M-81.2%	$79.9M+894.4%	$8.0M+147.5%	-$16.9M
Financing Cash Flow	$75.0M+650.1%	$10.0M+216.3%	-$8.6M-30.8%	-$6.6M+96.4%	-$185.0M-238.7%	$133.3M+1122.1%	$10.9M+144.2%	-$24.7M
Dividends Paid	$0	$0	$0-100.0%	$709K+1.6%	$698K+25.5%	$556K+10.8%	$502K+2.9%	$488K
Share Buybacks	N/A	$0-100.0%	$27K+440.0%	$5K	$0-100.0%	$1K-99.4%	$170K+1033.3%	$15K

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

OPITQ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

OPITQ annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	17.2%	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-61.6%-34.4pp	-27.1%	N/A	N/A	N/A	N/A	4.5%+9.6pp	-5.1%-8.9pp	3.8%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-30.9%-19.1pp	-11.8%-6.3pp	-5.5%-5.1pp	-0.4%+0.1pp	-0.5%-1.0pp	0.4%-1.4pp	1.8%+3.0pp	-1.2%-2.1pp	0.9%-5.3pp	6.2%+28.1pp	-21.9%-26.3pp	4.4%-1.2pp	5.5%+0.7pp	4.9%-0.3pp	5.2%
Return on Assets	-7.8%-4.3pp	-3.6%-1.8pp	-1.7%-1.6pp	-0.1%0.0pp	-0.2%-0.4pp	0.2%-0.5pp	0.7%+1.1pp	-0.4%-0.8pp	0.3%-2.1pp	2.4%+12.1pp	-9.7%-12.0pp	2.3%-1.0pp	3.4%+0.2pp	3.2%-0.2pp	3.4%
Debt-to-Equity	2.73+0.5x	2.20+0.1x	2.05+0.3x	1.750.0x	1.72+0.4x	1.370.0x	1.37-0.5x	1.83+0.1x	1.69+0.2x	1.48+0.2x	1.27+0.4x	0.87+0.3x	0.60+0.1x	0.480.0x	0.49

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Net Margin	-85.4%	-113.0%	-60.8%-24.8pp	-36.0%+4.4pp	-40.4%	-125.8%	-48.4%-110.0pp	61.6%
Return on Equity	-11.8%+1.7pp	-13.5%-6.9pp	-6.6%-2.8pp	-3.9%+0.3pp	-4.1%+8.8pp	-12.9%-8.3pp	-4.6%-10.3pp	5.7%
Return on Assets	-2.7%+0.7pp	-3.4%-1.5pp	-1.9%-0.7pp	-1.2%+0.1pp	-1.3%+2.6pp	-3.9%-2.3pp	-1.6%-3.6pp	2.0%
Debt-to-Equity	3.40+0.7x	2.73+0.2x	2.50+0.2x	2.34+0.1x	2.230.0x	2.20+0.3x	1.91+0.1x	1.86

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

Where Office Pptys Income Tr Ranks

Frequently Asked Questions

What is Office Pptys Income Tr's annual revenue?

Office Pptys Income Tr (OPITQ) reported $442.6M in total revenue for fiscal year 2025. This represents a -11.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Office Pptys Income Tr's revenue growing?

Office Pptys Income Tr (OPITQ) revenue declined by 11.8% year-over-year, from $502.0M to $442.6M in fiscal year 2025.

Is Office Pptys Income Tr profitable?

No, Office Pptys Income Tr (OPITQ) reported a net income of -$272.4M in fiscal year 2025, with a net profit margin of -61.6%.

How much debt does Office Pptys Income Tr have?

As of fiscal year 2025, Office Pptys Income Tr (OPITQ) had $29.5M in cash and equivalents against $2.4B in long-term debt.

What is Office Pptys Income Tr's net profit margin?

Office Pptys Income Tr (OPITQ) had a net profit margin of -61.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Office Pptys Income Tr pay dividends?

Yes, Office Pptys Income Tr (OPITQ) paid $0.02 per share in dividends during fiscal year 2025.

What is Office Pptys Income Tr's return on equity (ROE)?

Office Pptys Income Tr (OPITQ) has a return on equity of -30.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Office Pptys Income Tr's operating cash flow?

Office Pptys Income Tr (OPITQ) recorded an outflow of $6.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Office Pptys Income Tr's total assets?

Office Pptys Income Tr (OPITQ) had $3.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Office Pptys Income Tr buy back shares?

Yes, Office Pptys Income Tr (OPITQ) spent $32K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Office Pptys Income Tr have outstanding?

Office Pptys Income Tr (OPITQ) had 74M shares outstanding as of fiscal year 2025.

What is Office Pptys Income Tr's debt-to-equity ratio?

Office Pptys Income Tr (OPITQ) had a debt-to-equity ratio of 2.73 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Office Pptys Income Tr's return on assets (ROA)?

Office Pptys Income Tr (OPITQ) had a return on assets of -7.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Office Pptys Income Tr's cash runway?

Based on fiscal year 2025 data, Office Pptys Income Tr (OPITQ) had $29.5M in cash against an annual operating cash burn of $6.6M. This gives an estimated cash runway of approximately 54 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Office Pptys Income Tr's Piotroski F-Score?

Office Pptys Income Tr (OPITQ) has a Piotroski F-Score of 1 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Office Pptys Income Tr's earnings high quality?

Office Pptys Income Tr (OPITQ) reported a net loss of $272.4M while operations used $6.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.