You can use a Morningstar (M*) tool available (for preimum subscribers) to give you a lot of different analysis criteria, against all companies.
For instance, their debt/equity report can do an analysis against latest quarter, and 1-5 year periods.
However, just because a company currently carries a lot of debt does not mean that it should not merit consideration. Some companies/industries do require a lot of investment for current/future opportunies.
Here's an article that talks about this situation:
Company Valuation Methods - Debt Evaluation Formulas