# Ma Due Diligence

> Conduct financial due diligence for M&A — quality of earnings, working capital, debt-like items, and risk identification. Use when buying or investing in a company, or preparing sell-side diligence readiness.

- Skill: `itsual/ma-due-diligence` (Agent Skill)
- Install (CLI): `npx skillmds@latest add itsual/ma-due-diligence`
- Raw SKILL.md: https://api.skillmd.com/api/skills/itsual/ma-due-diligence/raw
- Safety review: pending
- Works with: Claude Code, Claude.ai, OpenAI Codex
- Category: Coding & Dev Tools
- Author: itsual (https://skillmd.com/u/itsual)
- Updated: 2026-09-21
- Page: https://skillmd.com/skills/itsual/ma-due-diligence

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# M&A Due Diligence (Financial)

## Overview

Financial due diligence tests whether the numbers supporting a deal are real, sustainable, and complete. It protects against overpaying and post-close surprises.

## When to Use

- Buy-side financial diligence
- Sell-side preparation
- Investment committee support
- Post-LOI deep dive

## Core Areas

- Quality of earnings (normalized EBITDA)
- Working capital normal levels and pegs
- Net debt and debt-like obligations
- Revenue quality and customer concentration
- Contingent liabilities and commitments

## Principles

- Adjustments should be evidenced, not aspirational
- One-time items cut both ways
- Working capital disputes destroy deal value post-close
- Diligence findings must feed valuation and SPA terms

## Verification

- [ ] QoE bridge is documented
- [ ] Debt-like items are inventoried
- [ ] Findings map to price or protection mechanisms