Free Executive Guide

Ten warning signs are already sitting in your cash flow statement.
Most CEOs miss every one.

A free, executive-level breakdown of the red flags that separate a business quietly running out of cash from one that's actually healthy — before a board, buyer, or lender catches it first.

10 red flags. One executive-level checklist for your cash flow statement.

10 Red Flags in the Cash Flow Statement, by Oana Labes, MBA, CPA
10 Red Flags · Cash Flow Statement · High Resolution
What's Inside

Ten warning signs.
Most CEOs miss every one.

A field guide to the signals that separate a business quietly running out of cash from one that's actually healthy.

  • One-Off Boosts to Operating Cash Flow — litigation settlements, tax refunds, and restructuring adjustments flattering the number.
  • Extreme Working Capital Swings — unexplained moves in receivables, inventory, or payables.
  • Profit Without Cash — positive net income next to negative operating cash flow.
  • CapEx Without Payoff — heavy spending with no matching revenue growth.
  • Funding Operations With Capital Raises — covering cash gaps with debt or equity, repeatedly.
  • Debt-Funded Buybacks — propping up EPS by borrowing to repurchase shares.
  • Dividends During Cash Strain — paying out while operating cash flow deteriorates.
  • Selling Assets to Generate Cash — a distress signal, not a strategy.
  • Negative Free Cash Flow, Positive Profit — can't fund itself without outside help.
  • A Growing Restricted Cash Balance — covenant limits or obligations not yet disclosed.
Oana Labes, MBA, CPA
by Oana Labes, MBA, CPA
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Oana Labes, MBA, CPA
About Oana Labes, MBA, CPA

Financial intelligence is the most powerful asset a CEO owns.

I'm Oana Labes — CPA, MBA, and founder of Financiario and the CEO Financial Intelligence Academy. Over 10 years in commercial lending and 7 more running my own companies have shown me exactly which cash flow red flags lenders and buyers check first — long before a CEO ever sees them coming.

I wrote this guide to give you that same lens — so you catch the warning signs before anyone else does, and walk into every board and financing conversation decision-ready.

17 yrsMid-market advisory
$500M+Financing enabled
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