Weakening Revenue GrowthFalling revenue growth erodes the base needed to lift margins and fund reinvestment. Over 2-6 months this trend can limit scale benefits and constrain earnings expansion unless the company secures new contracts, markets, or pricing improvements to reverse momentum.
Deteriorating Cash Flow TrendsDeclining FCF growth and OCF converting less than reported income reduce internal funding for capex, dividends, or debt repayment. Persisting weaker cash conversion heightens reliance on financing and limits strategic flexibility across upcoming quarters.
Rising Leverage RiskAn uptick in total debt raises interest and refinancing exposure. With modest margins and softer cash flow, higher leverage compresses buffers and could force tighter capital allocation or expensive financing, representing a tangible medium-term downside risk.