Cash FLow

Firms at Risk for a Shortfall K. Ref
Morningstar's Cash Flow CushionTM can be used to identify refinancing and liquidity risk.
asr: may be short candidates over next year period in Bear market conditions

The Cash Flow CushionTM used in the calculation of Morningstar's corporate credit rating is a measure that takes a firm's excess cash on hand plus adjusted free cash flow generation over the next five years, and divides that sum by the firm's cash contractual commitments over the same time horizon. This measure provides investors with an intermediate-term view of the firm's future path of cash inflows and outflows. It also helps investors to determine if a company's future cash generation will be sufficient to meet its debt-like cash obligations, in aggregate, over a five year period