Debt Equity Ratio Examples

UAL Corporation
	UAL Corporation is a holding company for its principal subsidiary, United Air Lines, Inc. During 1998, United carried, on average, more than 238,000 passengers per day and flew more than 125 billion revenue passenger miles. United has a global network of hubs primarily designed to fly travelers between North America and the Pacific, Latin America and Europe. North American hubs include Chicago, Denver, Los Angeles, San Francisco, and Washington, D.C. (Dulles). United also operates a major hub in Tokyo. The Star Alliance is an integrated worldwide transport network that provides customers with global recognition and a wide range of other benefits. The Star Alliance, of which United is a founding member, includes Lufthansa, Air Canada, SAS, Thai Airways, Varig, as well as the newest additions, Air New Zealand, Ansett Australia and Nippon Airways. This alliance allows customers access to over 600 destinations around the world.
Financial Summary
	UAL is a holding company whose principal subsidiary is United Air Lines, which engages in commercial air transportation of people, property and mail. For the fiscal year ended 12/31/99, revenues rose 3% to $18.03 billion. Net income before extraordinary item applicable to Common rose 55% to $1.11 billion. Revenues reflect increases in revenue passenger miles. Net income benefited from a $731 million gain on the sale of Galileo stock.

Statistics at a Glance -- NYSE:UAL

As of 11-Apr-2000

Price and Volume
52-Week Low on 13-Mar-2000	$`45.75`
Recent Price	$`65.125`
52-Week High on 19-Apr-1999	$`87.375`
Beta	`1.21`
Daily Volume (3-month avg)	`845.4K`
Daily Volume (10-day avg)	`595.0K`
Stock Performance
big chart [1d \| 5d \| 3mo \| 1yr \| 2yr \| 5yr \| max]
52-Week Change	`-16.8%`
52-Week Change relative to S&P500	`-24.8%`
Share-Related Items
Market Capitalization	$`3.24B`
Shares Outstanding	`49.8M`
Float	`12.4M`
Dividends & Splits
Annual Dividend	none
Last Split: 4 for 1 on 21-May-1996

Per-Share Data
Book Value (mrq)	$`103.41`
Earnings (ttm)	$`9.98`
Earnings (mrq)	$`0.84`
Sales (ttm)	$`161.33`
Cash (mrq)	$`13.57`
Valuation Ratios
Price/Book (mrq)	`0.63`
Price/Earnings (ttm)	`6.53`
Price/Sales (ttm)	`0.40`
Income Statements
Sales (ttm)	$`18.0B`
EBITDA (ttm)	$`2.26B`
Income available to common (ttm)	$`1.11B`
Profitability
Profit Margin (ttm)	`6.9%`
Operating Margin (ttm)	`7.7%`
Fiscal Year
Fiscal Year Ends	Dec 31
Most recent quarter	31-Dec-1999

Management Effectiveness
Return on Assets (ttm)	`6.16%`
Return on Equity (ttm)	`24.86%`
Financial Strength
Current Ratio (mrq)	`0.54`
Debt/Equity (mrq)	`0.87`
Total Cash (mrq)	$`675.6M`
Short Interest As of 8-Mar-2000
Shares Short	`1.08M`
Percent of Float	`8.7%`
Shares Short (Prior Month)	`1.39M`
Short Ratio	`1.58`
Daily Volume	`682.0K`

See Profile Help for a description of each item above; K = thousands; M = millions; B = billions; mrq = most-recent quarter; ttm = trailing twelve months; (as of 31-Dec-1999)

Donna Karan International
	Donna Karan International Inc. is an international fashion design house. The Company designs, contracts for the manufacture of, markets, retails and distributes collections of men's and women's clothing, sportswear, accessories and shoes under the DONNA KARAN NEW YORK and DKNY brand names. Donna Karan also selectively has granted licenses for the manufacture and distribution of certain other products under the DONNA KARAN NEW YORK, DKNY, DKNY JEANS and DKNY ACTIVE brand names, including beauty and beauty-related products, jeanswear, activewear, hosiery, intimate apparel, eyewear and children's apparel. As of January 3, 1999, the Company operated in three segments: wholesale, licensing and retail.
Financial Summary
	Donna Karan International designs, contracts for the manufacture of, markets, retails and distributes collections of men's and women's clothing, sportswear, accessories and shoes under the DONNA KARAN NEW YORK and DKNY brand names. For the fiscal year ended 1/2/00, net revenues rose 6% to $661.8 million. Net income totaled $10 million, up from $128 thousand. Results reflect an increase in licensing revenue and higher margins due to changes in revenue mix.

Statistics at a Glance -- NYSE:DK

As of 11-Apr-2000

Price and Volume
52-Week Low on 31-Dec-1999	$`6.125`
Recent Price	$`7.625`
52-Week High on 2-June-1999	$`11.00`
Beta	`1.15`
Daily Volume (3-month avg)	`38.3K`
Daily Volume (10-day avg)	`31.0K`
Stock Performance
big chart [1d \| 5d \| 3mo \| 1yr \| 2yr \| 5yr]
52-Week Change	`-3.2%`
52-Week Change relative to S&P500	`-12.6%`
Share-Related Items
Market Capitalization	$`167.7M`
Shares Outstanding	`22.0M`
Float	`11.4M`
Dividends & Splits
Annual Dividend	none
Last Split	none

Per-Share Data
Book Value (mrq*)	$`6.15`
Earnings (ttm)	$`0.46`
Earnings (mrq)	$`0.13`
Sales (ttm)	$`30.50`
Cash (mrq*)	$`0.70`
Valuation Ratios
Price/Book (mrq*)	`1.24`
Price/Earnings (ttm)	`16.58`
Price/Sales (ttm)	`0.25`
Income Statements
Sales (ttm)	$`661.8M`
EBITDA (ttm*)	$`19.6M`
Income available to common (ttm)	$`10.0M`
Profitability
Profit Margin (ttm)	`1.5%`
Operating Margin (ttm)	`2.2%`
Fiscal Year
Fiscal Year Ends	Jan 2
Most recent quarter (fully updated)	2-Jan-2000
Most recent quarter (flash earnings)	31-Dec-1999

Management Effectiveness
Return on Assets (ttm)	`3.44%`
Return on Equity (ttm)	`8.02%`
Financial Strength
Current Ratio (mrq*)	`1.76`
Debt/Equity (mrq*)	`0.06`
Total Cash (mrq)	$`15.0M`
Short Interest As of 8-Mar-2000
Shares Short	`48.0K`
Percent of Float	`0.4%`
Shares Short (Prior Month)	`49.0K`
Short Ratio	`1.78`
Daily Volume	`27.0K`

See Profile Help for a description of each item above; K = thousands; M = millions; mrq = most-recent quarter; ttm = trailing twelve months; (as of 31-Dec-1999, except mrq*/ttm* items as of 2-Jan-2000)

Microsoft Corporation
	Microsoft Corporation develops, manufactures, licenses and supports a wide range of software products for a multitude of computing devices. Microsoft software includes scalable operating systems for intelligent devices, personal computers and servers; server applications for client/server environments; knowledge worker productivity applications; and software development tools. The Company's online efforts include the MSN network of Internet products and services; e-commerce platforms; and alliances with companies involved with broadband access and various forms of digital interactivity. Microsoft also licenses consumer software programs; sells PC input devices; trains and certifies system integrators; and researches and develops advanced technologies for future software products.
Financial Summary
	Microsoft Corporation develops, manufactures, licenses and supports a range of software products, including scalable operating systems, server applications, worker productivity applications and software development tools. For the six months ended 12/31/99, revenue rose 22% to $11.5 billion. Net income applicable to Common rose 26% to $4.61 billion. Results reflect strong licensing of Office 2000 and higher margins due to a shift towards organizational licenses.

Statistics at a Glance -- NasdaqNM:MSFT

As of 11-Apr-2000

Price and Volume
52-Week Low on 26-May-1999	$`75.50`
Recent Price	$`83.875`
52-Week High on 30-Dec-1999	$`119.938`
Beta	`1.50`
Daily Volume (3-month avg)	`37.5M`
Daily Volume (10-day avg)	`39.5M`
Stock Performance
big chart [1d \| 5d \| 3mo \| 1yr \| 2yr \| 5yr \| max]
52-Week Change	`-9.8%`
52-Week Change relative to S&P500	`-18.5%`
Share-Related Items
Market Capitalization	$`436.6B`
Shares Outstanding	`5.20B`
Float	`3.85B`
Dividends & Splits
Annual Dividend	none
Last Split: 2 for 1 on 29-Mar-1999

Per-Share Data
Book Value (mrq)	$`6.68`
Earnings (ttm)	$`1.58`
Earnings (mrq)	$`0.44`
Sales (ttm)	$`3.96`
Cash (mrq)	$`3.45`
Valuation Ratios
Price/Book (mrq)	`12.55`
Price/Earnings (ttm)	`53.12`
Price/Sales (ttm)	`21.20`
Income Statements
Sales (ttm)	$`21.9B`
EBITDA (ttm)	$`12.2B`
Income available to common (ttm)	$`8.72B`
Profitability
Profit Margin (ttm)	`40.0%`
Operating Margin (ttm)	`49.5%`
Fiscal Year
Fiscal Year Ends	June 30
Most recent quarter	31-Dec-1999

Management Effectiveness
Return on Assets (ttm)	`23.57%`
Return on Equity (ttm)	`31.42%`
Financial Strength
Current Ratio (mrq)	`2.10`
Debt/Equity (mrq)	`0`
Total Cash (mrq)	$`17.8B`
Short Interest As of 8-Mar-2000
Shares Short	`33.1M`
Percent of Float	`0.9%`
Shares Short (Prior Month)	`32.8M`
Short Ratio	`0.80`
Daily Volume	`41.4M`

See Profile Help for a description of each item above; M = millions; B = billions; mrq = most-recent quarter; ttm = trailing twelve months; (as of 31-Dec-1999)

Oxford Industries
	Oxford Industries, Inc. is engaged in the design, manufacture, marketing and sale of consumer apparel products in the popular to better price ranges. Substantially all of the Company's distribution facilities, offices and customers are located in the United States. Company-owned manufacturing facilities are located in the southeastern United States, Mexico, the Caribbean, Central America and Asia. The Company is organized into four operating groups that reflect four major product lines. The operating groups are the Oxford Shirt Group, Lanier Clothes, Oxford Slacks and the Oxford Womenswear Group. The Oxford Shirt Group operations encompass dress shirts, sport shirts, golf wear and a broad range of men's and boys' sportswear. Lanier Clothes produces suits, sportcoats, suit separates and dress slacks. Oxford Slacks is a producer of private label dress and casual slacks and shorts. The Oxford Womenswear Group is a producer of budget and moderate priced private label women's apparel.
Financial Summary
	Oxford Industries, Inc. is engaged in the design, manufacture, marketing and sale of consumer apparel products for men, women, and children. For the 26 weeks ended 11/26/99, net sales decreased 6% to $405.7 million. Net income decreased 17% to $11.6 million. Revenues reflect a decrease in the average unit selling price. Net income also reflects increased cost of goods sold as a percentage of sales due to a shift in product mix. Recent Earnings Announcement For the 3months ended 02/25/2000, revenues were 187,466; after tax earnings were 4,578. (Preliminary; reported in thousands of dollars.)

Statistics at a Glance -- NYSE:OXM

As of 11-Apr-2000

Price and Volume
52-Week Low on 15-Feb-2000	$`16.00`
Recent Price	$`17.50`
52-Week High on 22-June-1999	$`29.75`
Beta	`0.43`
Daily Volume (3-month avg)	`14.9K`
Daily Volume (10-day avg)	`15.0K`
Stock Performance
big chart [1d \| 5d \| 3mo \| 1yr \| 2yr \| 5yr \| max]
52-Week Change	`-32.7%`
52-Week Change relative to S&P500	`-39.2%`
Share-Related Items
Market Capitalization	$`133.9M`
Shares Outstanding	`7.65M`
Float	`4.70M`
Dividends & Splits
Annual Dividend (indicated)	$`0.84`
Dividend Yield	`4.80%`
Last Split: 2 for 1 on 2-Mar-1984

Per-Share Data
Book Value (mrq*)	$`20.35`
Earnings (ttm)	$`2.82`
Earnings (mrq)	$`0.60`
Sales (ttm)	$`103.77`
Cash (mrq*)	$`1.39`
Valuation Ratios
Price/Book (mrq*)	`0.86`
Price/Earnings (ttm)	`6.21`
Price/Sales (ttm)	`0.17`
Income Statements
Sales (ttm)	$`818.4M`
EBITDA (ttm*)	$`48.0M`
Income available to common (ttm)	$`22.2M`
Profitability
Profit Margin (ttm)	`2.7%`
Operating Margin (ttm)	`4.7%`
Fiscal Year
Fiscal Year Ends	May 28
Most recent quarter (fully updated)	26-Nov-1999
Most recent quarter (flash earnings)	29-Feb-2000

Management Effectiveness
Return on Assets (ttm)	`6.67%`
Return on Equity (ttm)	`14.44%`
Financial Strength
Current Ratio (mrq*)	`2.38`
Debt/Equity (mrq*)	`0.36`
Total Cash (mrq)	$`12.9M`
Short Interest As of 8-Mar-2000
Shares Short	`16.0K`
Percent of Float	`0.3%`
Shares Short (Prior Month)	`21.0K`
Short Ratio	`0.94`
Daily Volume	`17.0K`

See Profile Help for a description of each item above; K = thousands; M = millions; mrq = most-recent quarter; ttm = trailing twelve months; (as of 29-Feb-2000, except mrq*/ttm* items as of 26-Nov-1999)

Industrial Rubber Products
	Industrial Rubber Products, Inc. designs, produces and supplies protective materials, abrasion resistant products and equipment, erosion/corrosion protective linings and proprietary rubber products to the mineral processing, power, wood processing and other heavy industries. The Company has three product lines: pipe and pipe lining products; proprietary and engineered products; and standard rubber products. Pipe and pipe lining products line consists of rubber lined pipe and pipe parts fabricated primarily for the mineral processing industry. Proprietary products are engineered replacement parts primarily for mineral processing facilities. Examples of such products are air bags, lifter bars and shell liners. Standard rubber products are sold, along with related services, to customers in the various industry segments served by the Company. Examples of such products are manifolds, screens, pulleys, and rolls.
Financial Summary
	INRB is engaged in the business of designing, producing and supplying protective materials, abrasion resistant products and equipment, erosion/corrosion protective linings and proprietary rubber products. For the nine months ended 9/30/99, net sales rose 8% to $9.6 million. Net loss totalled $477 thousand vs. a pro forma income of $439 thousand. Revenues reflect Irathane and TJ Products acquisitions. Loss reflects increased staffing due to the Company's IPO. Recent Earnings Announcement For the 3months ended 12/31/1999, revenues were 3,391; after tax earnings were -1,142. (Preliminary; reported in thousands of dollars.)

Statistics at a Glance -- NasdaqSC:INRB

As of 11-Apr-2000

Price and Volume
52-Week Low on 1-Dec-1999	$`0.25`
Recent Price	$`2.25`
52-Week High on 16-Mar-2000	$`4.00`
Beta	N/A
Daily Volume (3-month avg)	`12.3K`
Daily Volume (10-day avg)	`13.0K`
Stock Performance
big chart [1d \| 5d \| 3mo \| 1yr \| 2yr]
52-Week Change	`+28.6%`
52-Week Change relative to S&P500	`+16.1%`
Share-Related Items
Market Capitalization	$`9.32M`
Shares Outstanding	`4.14M`
Float	`1.20M`
Dividends & Splits
Annual Dividend	none
Last Split	none

Per-Share Data
Book Value (mrq*)	$`1.48`
Earnings (ttm)	-$`0.39`
Earnings (mrq)	-$`0.28`
Sales (ttm)	$`3.13`
Cash (mrq*)	$`0.23`
Valuation Ratios
Price/Book (mrq*)	`1.52`
Price/Earnings	N/A
Price/Sales (ttm)	`0.72`
Income Statements
Sales (ttm)	$`13.0M`
EBITDA (ttm*)	-$`750.0K`
Income available to common (ttm)	-$`1.62M`
Profitability
Profit Margin (ttm)	`-12.5%`
Operating Margin (ttm)	`-14.4%`
Fiscal Year
Fiscal Year Ends	Dec 31
Most recent quarter (fully updated)	30-Sep-1999
Most recent quarter (flash earnings)	31-Dec-1999

Management Effectiveness
Return on Assets (ttm)	`-11.81%`
Return on Equity (ttm)	`-25.12%`
Financial Strength
Current Ratio (mrq*)	`0.63`
Debt/Equity (mrq*)	`1.21`
Total Cash (mrq)	$`965.6K`
Short Interest As of 8-Mar-2000
Shares Short	`0`
Shares Short (Prior Month)	`0`
Daily Volume	`6,000`

Legal Research Center
Legal Research Center, Inc. (LRC) provides outsourced legal and factual research, writing and support services to U.S. and Canadian attorneys in corporate and private practice. LRC utilizes a carefully selected group of attorneys to provide value-added services to its customers by conducting computerized and manual legal and factual information research and analysis and preparing written memoranda, formal court-ready legal briefs and surveys of the law. As an adjunct to its core services, the Company also provides contract attorneys to law firms and corporate law departments on a temporary or permanent basis, and non-legal research services to the general public
Financial Summary
Legal Research Center, Inc. provides outsourced legal and factual research, writing and support services to U.S. and Canadian attorneys in corporate and private prcatices. For the nine months ended 9/99, revenues increased 99% to $3.1 million. Net income totalled $581 thousand vs. a loss of $68 thousand. Revenues reflect an increase in traditional research and writing services. Earnings benefitted from increased interest income.
Recent Earnings Announcement
For the 3 months ended 12/31/1999, revenues were 1,248; after tax earnings were 144. (Preliminary; reported in thousands of dollars.)

Statistics at a Glance -- OTC BB:LRCI.OB

As of 11-Apr-2000

Price and Volume
52-Week Low on 28-Apr-1999	$`0.625`
Recent Price	$`1.813`
52-Week High on 24-May-1999	$`3.00`
Beta	`-0.34`
Daily Volume (3-month avg)	`8,409`
Daily Volume (10-day avg)	`4,000`
Stock Performance
big chart [1d \| 5d \| 3mo \| 1yr \| 2yr \| 5yr \| max]
52-Week Change	`+107.2%`
52-Week Change relative to S&P500	`+87.1%`
Share-Related Items
Market Capitalization	$`6.31M`
Shares Outstanding	`3.48M`
Float	`1.60M`
Dividends & Splits
Annual Dividend	none
Last Split	none

Per-Share Data
Book Value (mrq*)	$`0.47`
Earnings (ttm)	$`0.30`
Earnings (mrq)	$`0.06`
Sales (ttm)	$`1.82`
Cash (mrq*)	$`0.33`
Valuation Ratios
Price/Book (mrq*)	`3.87`
Price/Earnings (ttm)	`6.10`
Price/Sales (ttm)	`1.00`
Income Statements
Sales (ttm)	$`4.39M`
EBITDA (ttm*)	$`837.0K`
Income available to common (ttm)	$`726.0K`
Profitability
Profit Margin (ttm)	`16.5%`
Operating Margin (ttm)	`17.5%`
Fiscal Year
Fiscal Year Ends	Dec 31
Most recent quarter (fully updated)	30-Sep-1999
Most recent quarter (flash earnings)	31-Dec-1999

Management Effectiveness
Return on Assets (ttm)	`44.88%`
Return on Equity (ttm)	`59.75%`
Financial Strength
Current Ratio (mrq*)	`5.53`
Debt/Equity (mrq*)	`0.06`
Total Cash (mrq)	$`1.15M`
Short Interest As of 8-Oct-1997
Shares Short	`0`
Shares Short (Prior Month)	`0`
Daily Volume	`2,000`