Financial risks in non-financial firms would probably start with debt leverage which in turn means loan covenants, interest cover, future cashflow safety. These will fall generally under treasury risks. Chapter 2 of the attached discusses these kinds of risks at length including relevant literature.
I would then consider any financial risks associated with operational cash outflows, such as supply chain and payroll.
For completeness, you may also wish to consider non-financial risks in non-financial firms. One of the most obvious at the moment, applicable to every kind of firm, would be cyber security.
Thesis An analytical tool to aid the reflective selection of equity...
i think you should use the solvency and liquidity ratio to know the ability of the company to pay its liabilities , and the leverage ratio , coverage ratio , operating income ( earning before interest and taxes/ interest expensens ) with consideation to the macro - economic factors such as inflation , exchange rate