yr, 
Burreriv No. 20 
LONG TERM DEBT 
TABLE le.— “TOTAL EQUITIES RATIO BY SAMPLE YEARS 
Frequency distributions of the ratios for public utility companies 
in selected typical vears 
Ratio 
Groups 
War year with 
high prosperity 
101 7% 
Fairly normal year 
with increasing 
activity 1919% 
Year of depression 
and declining 
activity 1921%* 
Fre- Per- 
quencies | centages 
Fre- | Per- 
quencies | centages 
Fre- | Per- 
quencies | centages 
Totals... .. 
114 
100 
186 
100 
t 70 
100. 
02-079 
08-139 
14-199 
20-259 
2.29 
2.59 
4.31 
5.17 
10.34 
17.24 
13.79 
13.70 
2% 
3.21 
3.21 
5.77 
3 
6 
4 
18 
5.87 
1.71 
S 
oO 
26-319 
32-379 
38-439 
44-400 
12 
20 
16 
16 
19 
22 
20 
23 
12.18 
14.10 
12.82 
14.74 
1 
7.65 
12.94 
16.47 
13.53 
29 17.06 
19 11.18 
6 3.53 
4 2.35 
50-559 
56-619 
62-679 
68-739 
74-790 
1 
12 
g 
9.49 
10.34 
6.90 
2 80 
10 
1 
1 
12.18 
7.05 
7.69 
2.56 
1.28 
6 
~r) 
Averages: 
Approximated Mode .439 L478 
Following the indications of the Harvard B Curve. 
495 
Recent 
year of prosperity 
and normal activ- 
ity 1924% 
Fre- | Per- 
quencies | centages 
100. 
6 
8 
2.48 
3.73 
4.97 
3.11 
21 
19 
20 
32 
| 
13.04 
11.80 
12.42 
19.88 
16.15 
| 9.32 
1.24 
1.24 
62 
26 
15 
2 
480 
CURRENT LIABILITIES 
TABLE Ha. — =—T5TAL EQUITIES RATIO 
Frequency distribution of the ratios of current liabilities to total 
equities of 200 public utility companies. 1915.1974 
Ratio 
Groups 
00-019 
02-039 
04-059 
06-079 
NR-O00 
10-119 
12-139 
14-159 
16-179 
18-100 
20-219 
22-239 
24-259 
26-279 
28-200 
30-319 
32-339 
34-350 
Ratio 
Freauencies 
290 
203 
NE 
'Q 
Cumulative 
Frequencies 
62s 
241 
1144 
1258 
1354 
1406 
1441 
1468 
{ 4AR7 
1501 
1509 
1518 
1529 
1534 
1541 
1545 
‘881 
Percentage 
Distribution 
EL 
25.24 
19.72 
13.08 
7.35% 
6.19 
3.35 
2.26 
1.74 
{ 22 
20 
£2 
58 
7 
.32 
.45 
26 
AR 
Cumulative 
Percentages 
3.66 
40.90 
60.62 
73.70 
81 05 
87.24 
90.59 
92.85 
94.59 
05.81 
96.71 
97.23 
97.81 
98.52 
08.84 
99.29 
99.55 
100. 00 
Average: 
Approximated Mode