Endurance Checklist.xlsx

	B	D	E	F	G
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2		Endurance Checklist	INMD	SMLR	CXZ
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4	1	Is Total Debt less than three times the Operating Cash Flow?	1	1	1
5	2	Is cash on the balance sheet increasing?	1	1	1
6	3	Is Total Debt less than 10 times Free Cash Flow?	1	1	1
7	4	Is Debt to Equity ratio below 30%?	1	1	1
8	5	Are current assets 1.5 times greater than Current Liabilities?	1	1	1
9	6	Is the business independent of market conditions, can it grow through a recession?	0	0	0
10	7	Is the business resilient in the face of new innovations?	0	0	0
11	8	Is AI a headwind for the business?	1	1	1
12	9	Is the business relatively immune to regulatory risk?	0	0	1
13	10	Is the business independent of any major partners?	1	1	0
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15		TOTAL	7	7	7
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