Other Cash Flow Financing Activities/Sales (%)
Around 82% of companies reported other financing activities between 2010 and 2015 (Figure 97) and these averaged 0.4% of sales. REITs and real estate companies recognised significantly higher levels of other financing activities in excess of 2% of sales on average, as shown in Figure 98.
Our accounting screen is set to trigger a red flag when other financing activities/sales are above the 80th percentile (i.e. they are very high) relative to GICS industry peers.