The cash flow statement can be used to assess which major aspect of a company?

The cash flow statement is a critical financial document that provides insight into a company's liquidity and financial health. It captures the inflows and outflows of cash within a company over a specific period, informing stakeholders about the company's cash-generating ability and its operational efficiency.

When evaluating a company's viability and ability to pay its debts, the cash flow statement is essential. It highlights how well the company can generate cash from its operations to cover its current liabilities, such as debts and other obligations. By analyzing operating, investing, and financing activities, stakeholders can determine whether the company consistently generates sufficient cash to maintain operations and meet financial commitments.

In contrast, while stock market performance may reflect how investors perceive a company's future growth prospects, it does not provide direct insight into the company’s cash management. Quality of corporate governance and market competition are important factors, but they are not directly assessed through the cash flow statement. Instead, those aspects typically require qualitative assessments and other financial metrics to evaluate effectively.