Net assets, and net income, make life happier for companies. What you describe is cash flow, which is often necessary, but not really analogous. It’s like say

Net assets, and net income, make life happier for companies. What you describe is cash flow, which is often necessary, but not really analogous. It’s like saying “access to low interest rate 30 year mortgages makes life happy”, which might be true if you’re looking for a mortgage, but isn’t really generally applicable.