* Total debt that is less than tangible book value.
Tangible book value is defined as total assets less goodwill, other intangible assets and all liabilities.
* A current ratio greater than two.
Current ratio is defined as current assets divided by current liabilities. It is an indication of a company's ability to meet its short-term obligations.
* Total debt less than two times net current asset value.
Companies meeting this criterion are able to pay off their debts with cash and other current assets making them far more stable.
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