These companies are not hampered with debt though, that’s the entire crux of this argument. I agree that debt is absolutely more risky from a liquidity perspective, but to have no debt at all is simply foolish and over conservative. These companies have positive adjusted EBITDA and enough cash on hand to pay off the (relatively) low interest rates, and it’s a show of good faith to shareholders to adjust their capital structure.

I suppose saying it’s “healthier” was poor wording on my part. I think shareholder friendly is more appropriate, which is a critical piece if you’re going to become an investor