Operating
Lease adjustment by Sector
Data Used: Compustat database of 10000 + firms
Date of Analysis: Data used is based upon updated Compustat data as of Sept 2002.
Operating
Lease adjustment by SectorData Used: Compustat database of 10000 + firms
Date of Analysis: Data used is based upon updated Compustat data as of Sept 2002.
| Industry | Number of firms | Debt Ratio (with interest bearing debt) | Debt ratio (including operating leases) | Change in debt ratio (due to operating leases) | EBIT | EBIt adjusted for Operating Leases | Effect on EBIT | Percent change in EBIT | ROC | ROC adjusted for leases | Effect on ROC |
| ABRASIVE,ASBESTOS,MISC MINRL | 11 | 53.25% | 59.89% | 6.64% | $370.31 | $463.95 | $93.65 | 25.29% | NA | NA | NA |
| ACCIDENT & HEALTH INSURANCE | 13 | 23.62% | 23.88% | 0.26% | $7,630.32 | $7,620.72 | -$9.61 | -0.13% | 8.29% | 8.22% | -0.07% |
| ACCOUNT,AUDIT,BOOKKEEP SVCS | 12 | 2.50% | 4.03% | 1.53% | $109.87 | $153.09 | $43.22 | 39.34% | 13.90% | 14.34% | 0.43% |
| ADHESIVES AND SEALANTS | 3 | 22.52% | 24.54% | 2.01% | $90.83 | $103.52 | $12.69 | 13.97% | 14.92% | 16.24% | 1.32% |
| ADVERTISING | 18 | 21.41% | 24.28% | 2.87% | $145.24 | $232.32 | $87.08 | 59.96% | 3.30% | 4.79% | 1.49% |
| ADVERTISING AGENCIES | 10 | 14.93% | 19.52% | 4.59% | $2,944.96 | $3,800.12 | $855.16 | 29.04% | NA | NA | NA |
| AGRIC PROD-LVSTK,ANIMAL SPEC | 3 | 75.40% | 75.87% | 0.46% | -$2.68 | -$2.59 | $0.09 | -3.32% | NA | NA | NA |
| AGRICULTURAL SERVICES | 3 | 25.51% | 28.00% | 2.49% | $362.97 | $499.77 | $136.81 | 37.69% | NA | NA | NA |
| AGRICULTURE CHEMICALS | 19 | 33.92% | 34.72% | 0.80% | $2,048.68 | $2,293.96 | $245.28 | 11.97% | 9.76% | 10.71% | 0.95% |
| AGRICULTURE PRODUCTION-CROPS | 18 | 35.00% | 39.32% | 4.32% | $480.27 | $665.85 | $185.58 | 38.64% | 9.60% | 12.01% | 2.41% |
| AIR COND,HEATING,REFRIG EQ | 13 | 30.06% | 33.10% | 3.04% | $1,122.67 | $1,286.28 | $163.61 | 14.57% | 28.36% | 28.34% | -0.02% |
| AIR COURIER SERVICES | 4 | 13.78% | 31.33% | 17.55% | $1,293.57 | $2,510.38 | $1,216.82 | 94.07% | 13.31% | 16.70% | 3.40% |
| AIR TRANSPORT, NONSCHEDULED | 6 | 55.15% | 67.89% | 12.74% | $229.26 | $278.27 | $49.01 | 21.38% | 8.95% | 7.41% | -1.54% |
| AIR TRANSPORT, SCHEDULED | 22 | 63.43% | 74.73% | 11.30% | -$7,060.59 | -$3,309.99 | $3,750.60 | -53.12% | -11.05% | -3.24% | 7.81% |
| AIRCRAFT | 5 | 28.38% | 29.77% | 1.39% | $4,705.12 | $4,884.57 | $179.45 | 3.81% | 28.19% | 27.84% | -0.36% |
| AIRCRAFT ENGINE,ENGINE PARTS | 7 | 15.55% | 16.68% | 1.13% | $3,696.72 | $3,841.25 | $144.53 | 3.91% | 42.00% | 41.27% | -0.73% |
| AIRCRAFT PARTS, AUX EQ, NEC | 10 | 17.38% | 19.14% | 1.76% | $3,855.71 | $4,097.99 | $242.28 | 6.28% | 32.30% | 31.90% | -0.40% |
| AIRPORTS & TERMINAL SERVICES | 3 | 98.07% | 98.23% | 0.16% | -$30.82 | -$25.58 | $5.24 | -17.01% | NA | NA | NA |
| AMUSEMENT & RECREATION SVCS | 10 | 6.03% | 6.22% | 0.19% | $84.61 | $88.49 | $3.89 | 4.59% | NA | NA | NA |
| AMUSEMENT PARKS | 3 | 49.58% | 49.77% | 0.19% | $246.72 | $254.81 | $8.10 | 3.28% | 7.18% | 7.37% | 0.19% |
| APPAREL & OTHER FINISHED PDS | 18 | 18.04% | 23.16% | 5.12% | $968.60 | $1,142.61 | $174.01 | 17.97% | 21.00% | 21.69% | 0.69% |
| APPAREL AND ACCESSORY STORES | 9 | 8.24% | 33.98% | 25.74% | $336.77 | $538.34 | $201.56 | 59.85% | 18.65% | 15.10% | -3.54% |
| APPAREL,PIECE GDS,NOTNS-WHSL | 3 | 12.09% | 15.56% | 3.46% | $25.63 | $26.37 | $0.75 | 2.91% | 16.15% | 15.89% | -0.26% |
| ARRANGE TRANS-FREIGHT, CARGO | 9 | 6.20% | 11.19% | 4.99% | $412.65 | $611.72 | $199.07 | 48.24% | 22.25% | 25.82% | 3.57% |
| ASPHALT PAVING,ROOFING MATLS | 2 | 17.87% | 18.35% | 0.48% | $12.00 | $14.01 | $2.01 | 16.79% | 4.20% | 4.83% | 0.64% |
| AUTO AND HOME SUPPLY STORES | 6 | 22.86% | 30.51% | 7.65% | $965.81 | $1,113.88 | $148.08 | 15.33% | 16.73% | 14.71% | -2.02% |
| AUTO DEALERS, GAS STATIONS | 18 | 41.90% | 46.61% | 4.70% | $1,543.39 | $1,704.33 | $160.94 | 10.43% | 17.70% | 16.70% | -1.00% |
| AUTO RENT & LEASE,NO DRIVERS | 7 | 85.46% | 86.57% | 1.11% | $664.71 | $1,380.63 | $715.92 | 107.70% | 4.79% | 9.14% | 4.34% |
| AUTO REPAIR,SERVICES,PARKING | 5 | 41.81% | 60.35% | 18.54% | $92.06 | $317.15 | $225.09 | 244.51% | 12.64% | 22.69% | 10.05% |
| AUTOMATIC REGULATNG CONTROLS | 1 | 10.47% | 10.47% | 0.00% | -$3.09 | -$2.97 | $0.12 | -3.72% | NA | NA | NA |
| BAKERY PRODUCTS | 4 | 22.86% | 26.40% | 3.55% | $53.06 | $74.48 | $21.42 | 40.38% | 6.41% | 8.41% | 2.00% |
| BALL AND ROLLER BEARINGS | 4 | 27.31% | 28.55% | 1.25% | $105.97 | $120.15 | $14.18 | 13.38% | 7.48% | 8.23% | 0.74% |
| BEER,WINE,ALCOHOLIC BEV-WHSL | 2 | 27.31% | 31.69% | 4.38% | $3.76 | $5.73 | $1.97 | 52.27% | 14.62% | 18.70% | 4.08% |
| BEVERAGES | 3 | 4.19% | 4.19% | 0.00% | $5,647.39 | $5,647.71 | $0.32 | 0.01% | 40.53% | 40.53% | 0.00% |
| BIOLOGICAL PDS,EX DIAGNSTICS | 125 | 2.69% | 3.20% | 0.51% | $255.06 | $392.01 | $136.95 | 53.69% | 1.02% | 1.51% | 0.49% |
| BITMNS COAL,LIGNITE SURF MNG | 1 | 41.29% | 45.82% | 4.53% | $101.20 | $139.26 | $38.06 | 37.61% | 4.91% | 6.14% | 1.22% |
| BITUMINOUS COAL, LIGNITE MNG | 6 | 28.33% | 30.23% | 1.90% | $301.96 | $361.43 | $59.46 | 19.69% | 6.64% | 7.56% | 0.92% |
| BLANKBOOKS,BINDERS,BOOKBIND | 3 | 10.33% | 12.87% | 2.54% | $389.43 | $416.75 | $27.32 | 7.01% | 72.38% | 64.16% | -8.22% |
| BLAST FURNACES & STEEL WORKS | 6 | 33.49% | 34.23% | 0.75% | $163.22 | $168.14 | $4.92 | 3.01% | 15.06% | 15.14% | 0.08% |
| BLDG MATL,HARDWR,GARDEN-RETL | 4 | 8.44% | 13.03% | 4.58% | $643.80 | $786.46 | $142.66 | 22.16% | 32.15% | 32.64% | 0.50% |
| BOLT,NUT,SCREW,RIVETS,WASHRS | 5 | 48.35% | 50.47% | 2.12% | $116.37 | $132.74 | $16.37 | 14.07% | 10.44% | 11.19% | 0.74% |
| BOOK PRINTING | 2 | 29.26% | 29.28% | 0.02% | $474.65 | $479.45 | $4.79 | 1.01% | NA | NA | NA |
| BOOKS: PUBG, PUBG & PRINTING | 9 | 17.62% | 19.26% | 1.64% | $1,273.56 | $1,582.48 | $308.93 | 24.26% | NA | NA | NA |
| BRDWOVEN FABRIC MILL, COTTON | 5 | 93.62% | 93.84% | 0.21% | $54.45 | $77.69 | $23.25 | 42.70% | 3.83% | 5.29% | 1.46% |
| BRDWOVN FABRIC MAN MADE,SILK | 3 | 31.19% | 34.35% | 3.16% | $128.81 | $146.53 | $17.72 | 13.76% | 18.19% | 19.15% | 0.95% |
| BTLD & CAN SOFT DRINKS,WATER | 15 | 48.53% | 48.81% | 0.28% | $2,063.35 | $2,206.31 | $142.95 | 6.93% | 10.58% | 11.19% | 0.61% |
| BUSINESS SERVICES, NEC | 87 | 10.15% | 15.73% | 5.58% | -$7.64 | $1,393.41 | $1,401.05 | -18343.14% | -0.10% | 14.73% | 14.84% |
| CABLE AND OTHER PAY TV SVCS | 24 | 40.38% | 40.99% | 0.60% | -$6,366.10 | -$6,115.60 | $250.50 | -3.93% | NA | NA | NA |
| CALCULATE,ACCT MACH,EX COMP | 16 | 6.73% | 9.87% | 3.13% | $389.00 | $473.30 | $84.30 | 21.67% | 11.25% | 12.57% | 1.32% |
| CAN FRUIT,VEG,PRESRV,JAM,JEL | 5 | 40.22% | 42.24% | 2.02% | $167.38 | $204.06 | $36.69 | 21.92% | 13.15% | 14.93% | 1.78% |
| CAN,FROZNPRESRV FRUIT & VEG | 8 | 23.69% | 23.81% | 0.13% | $1,422.00 | $1,431.44 | $9.44 | 0.66% | NA | NA | NA |
| CARPETS AND RUGS | 4 | 33.82% | 36.94% | 3.12% | $453.26 | $500.32 | $47.06 | 10.38% | 19.03% | 18.40% | -0.64% |
| CATALOG, MAIL-ORDER HOUSES | 49 | 14.68% | 17.59% | 2.91% | -$233.78 | -$123.90 | $109.88 | -47.00% | -5.71% | -2.62% | 3.09% |
| CEMENT, HYDRAULIC | 2 | 20.36% | 20.74% | 0.37% | $2,463.92 | $2,603.73 | $139.82 | 5.67% | 13.89% | 14.52% | 0.63% |
| CHEMICALS & ALLIED PDS-WHSL | 8 | 35.41% | 37.11% | 1.70% | $93.22 | $198.90 | $105.68 | 113.37% | 2.40% | 4.92% | 2.52% |
| CHEMICALS & ALLIED PRODS | 10 | 25.38% | 26.71% | 1.32% | $8,128.77 | $8,156.56 | $27.79 | 0.34% | 15.01% | 14.56% | -0.45% |
| CHILD DAY CARE SERVICES | 4 | 10.73% | 35.92% | 25.19% | $24.99 | $46.15 | $21.16 | 84.69% | 18.26% | 13.38% | -4.88% |
| CIGARETTES | 7 | 22.61% | 22.63% | 0.03% | $22,078.29 | $22,808.47 | $730.19 | 3.31% | NA | NA | NA |
| CMP AND CMP SOFTWARE STORES | 1 | 2.62% | 7.28% | 4.66% | $0.05 | $0.17 | $0.12 | 226.55% | NA | NA | NA |
| CMP INTEGRATED SYS DESIGN | 124 | 7.79% | 11.09% | 3.30% | -$2,025.91 | -$1,705.24 | $320.67 | -15.83% | -17.90% | -13.23% | 4.67% |
| CMP PROCESSING,DATA PREP SVC | 22 | 5.67% | 7.36% | 1.69% | $4,368.94 | $4,787.95 | $419.01 | 9.59% | 27.87% | 27.37% | -0.50% |
| CMP PROGRAMMING,DATA PROCESS | 236 | 11.83% | 14.05% | 2.22% | -$9,013.54 | -$5,530.14 | $3,483.39 | -38.65% | -8.49% | -4.76% | 3.74% |
| COATING,ENGRAVING,ALLIED SVC | 5 | 55.60% | 56.35% | 0.75% | $13.17 | $18.12 | $4.95 | 37.63% | 2.86% | 3.87% | 1.01% |
| COGENERATN-SM POWER PRODUCER | 5 | 72.72% | 73.50% | 0.78% | $3,325.58 | $3,266.16 | -$59.43 | -1.79% | 7.82% | 7.41% | -0.40% |
| COML PHYSICAL, BIOLOGCL RESH | 56 | 3.61% | 6.45% | 2.84% | -$430.12 | -$372.20 | $57.92 | -13.47% | -9.58% | -7.50% | 2.08% |
| COMMERCIAL BANKS, NEC | 28 | 62.98% | 62.98% | 0.00% | $73,790.26 | $77,014.34 | $3,224.08 | 4.37% | 7.18% | 7.49% | 0.31% |
| COMMERCIAL PRINTING | 19 | 30.03% | 32.88% | 2.86% | $1,081.88 | $1,188.56 | $106.68 | 9.86% | 20.01% | 19.93% | -0.08% |
| COMMUNICATIONS EQUIP, NEC | 27 | 5.78% | 6.93% | 1.15% | $99.10 | $122.49 | $23.40 | 23.61% | 5.01% | 5.90% | 0.89% |
| COMMUNICATIONS SERVICES, NEC | 41 | 58.23% | 60.02% | 1.79% | -$865.04 | -$681.46 | $183.58 | -21.22% | -6.34% | -4.69% | 1.65% |
| COMPUTER & OFFICE EQUIPMENT | 3 | 12.79% | 13.99% | 1.20% | $2,077.70 | $2,355.27 | $277.57 | 13.36% | 11.02% | 12.07% | 1.06% |
| COMPUTER COMMUNICATION EQUIP | 63 | 1.04% | 2.47% | 1.43% | -$1,163.17 | -$1,008.73 | $154.44 | -13.28% | -3.78% | -3.04% | 0.74% |
| COMPUTER PERIPHERAL EQ, NEC | 50 | 42.48% | 43.80% | 1.32% | $1,319.02 | $1,614.94 | $295.92 | 22.43% | 5.47% | 6.41% | 0.94% |
| COMPUTER PROGRAMMING SERVICE | 24 | 2.25% | 4.39% | 2.14% | -$239.00 | -$176.22 | $62.78 | -26.27% | -12.01% | -7.76% | 4.26% |
| COMPUTER RENTAL & LEASING | 3 | 32.10% | 33.90% | 1.80% | -$49.65 | -$47.68 | $1.97 | -3.97% | -7.34% | -6.95% | 0.39% |
| COMPUTER STORAGE DEVICES | 29 | 3.09% | 4.83% | 1.75% | -$582.45 | -$298.43 | $284.02 | -48.76% | -4.16% | -2.00% | 2.17% |
| COMPUTER TERMINALS | 7 | 57.63% | 60.18% | 2.55% | -$21.76 | -$18.75 | $3.01 | -13.83% | NA | NA | NA |
| COMPUTERS & SOFTWARE-WHSL | 27 | 20.65% | 24.66% | 4.01% | $444.64 | $585.17 | $140.53 | 31.61% | 7.76% | 9.36% | 1.59% |
| CONCRETE PDS, EX BLOCK,BRICK | 2 | 38.30% | 38.44% | 0.14% | $14.39 | $15.15 | $0.76 | 5.27% | 13.14% | 13.79% | 0.65% |
| CONCRETE, GYPSUM AND PLASTER | 11 | 43.70% | 44.61% | 0.90% | $2,399.22 | $2,493.17 | $93.95 | 3.92% | 14.81% | 14.94% | 0.13% |
| CONGLOMERATES | 12 | 35.01% | 35.62% | 0.61% | $31,260.61 | $32,796.56 | $1,535.95 | 4.91% | 7.64% | 7.85% | 0.21% |
| CONSTR,MINING,MATL HANDLE EQ | 3 | 47.70% | 49.37% | 1.67% | $157.99 | $167.88 | $9.89 | 6.26% | NA | NA | NA |
| CONSTR,MNG (EX PETE) EQ-WHSL | 2 | 97.87% | 98.03% | 0.15% | -$4.23 | -$2.89 | $1.34 | -31.75% | -5.58% | -3.55% | 2.04% |
| CONSTRUCTION MACHINERY & EQ | 6 | 47.52% | 48.21% | 0.69% | $2,227.32 | $2,407.97 | $180.65 | 8.11% | 10.34% | 10.93% | 0.60% |
| CONSTRUCTION-SPECIAL TRADE | 10 | 28.69% | 33.78% | 5.09% | $129.20 | $168.37 | $39.17 | 30.31% | 21.95% | 23.63% | 1.68% |
| CONVENIENCE STORES | 3 | 61.68% | 67.57% | 5.89% | $206.17 | $349.31 | $143.14 | 69.43% | NA | NA | NA |
| CONVRT PAPR,PAPRBRD,EX BOXES | 19 | 12.93% | 13.80% | 0.87% | $4,605.64 | $4,753.44 | $147.81 | 3.21% | 27.96% | 27.65% | -0.31% |
| COOKIES AND CRACKERS | 3 | 11.06% | 12.51% | 1.45% | $60.17 | $73.07 | $12.90 | 21.43% | 19.55% | 22.86% | 3.32% |
| COSTUME JEWLRY,BUTTON,NOTION | 3 | 15.27% | 15.59% | 0.32% | $30.94 | $33.15 | $2.21 | 7.13% | 11.19% | 11.92% | 0.73% |
| CREDIT REPORTING AGENCIES | 9 | 12.53% | 13.81% | 1.29% | $1,117.22 | $1,170.72 | $53.50 | 4.79% | NA | NA | NA |
| CRUDE PETROLEUM & NATURAL GS | 173 | 31.64% | 32.71% | 1.07% | $22,700.27 | $23,550.98 | $850.70 | 3.75% | 18.55% | 18.77% | 0.21% |
| CUT STONE AND STONE PRODUCTS | 1 | 15.75% | 16.48% | 0.73% | -$0.53 | -$0.49 | $0.04 | -8.00% | -11.06% | -9.98% | 1.09% |
| CUTLERY,HAND TOOLS,GEN HRDWR | 14 | 12.61% | 13.42% | 0.82% | $2,410.31 | $2,544.25 | $133.94 | 5.56% | 29.57% | 29.56% | -0.02% |
| DAIRY PRODUCTS | 8 | 53.48% | 54.94% | 1.45% | $404.31 | $459.76 | $55.45 | 13.72% | 7.48% | 8.16% | 0.68% |
| DEEP SEA FRN TRANS-FREIGHT | 9 | 43.64% | 47.26% | 3.62% | $986.32 | $1,434.76 | $448.44 | 45.47% | 11.35% | 15.41% | 4.06% |
| DENTAL EQUIPMENT & SUPPLIES | 10 | 21.54% | 22.27% | 0.74% | $199.69 | $215.50 | $15.81 | 7.92% | NA | NA | NA |
| DEPARTMENT STORES | 12 | 40.65% | 43.62% | 2.97% | $8,617.72 | $9,763.12 | $1,145.40 | 13.29% | 11.95% | 12.47% | 0.53% |
| DETECT,GUARD,ARMOR CAR SVCS | 3 | 10.26% | 14.96% | 4.70% | $10.61 | $18.52 | $7.91 | 74.59% | 7.59% | 11.00% | 3.41% |
| DIRECT MAIL ADVERTISING SVCS | 5 | 8.31% | 11.65% | 3.34% | $219.46 | $254.49 | $35.03 | 15.96% | 59.36% | 53.09% | -6.27% |
| DISTILLED AND BLENDED LIQUOR | 1 | 21.41% | 21.41% | 0.00% | $2,957.58 | $3,146.21 | $188.63 | 6.38% | NA | NA | NA |
| DOLLS AND STUFFED TOYS | 7 | 16.16% | 17.40% | 1.24% | $805.20 | $854.38 | $49.18 | 6.11% | 25.07% | 25.34% | 0.27% |
| DRAWNG,INSULATNG NONFER WIRE | 12 | 36.12% | 37.12% | 1.00% | $140.43 | $211.21 | $70.78 | 50.40% | 1.25% | 1.82% | 0.58% |
| DRILLING OIL AND GAS WELLS | 20 | 24.52% | 25.01% | 0.49% | $3,828.25 | $4,138.24 | $309.99 | 8.10% | 10.80% | 11.55% | 0.75% |
| DRUG & PROPRIETARY STORES | 13 | 12.50% | 23.10% | 10.61% | $3,047.06 | $4,003.83 | $956.76 | 31.40% | 18.93% | 16.05% | -2.88% |
| DRUGS AND PROPRIETARY-WHSL | 21 | 9.62% | 10.59% | 0.97% | $2,928.33 | $3,117.04 | $188.71 | 6.44% | 15.90% | 16.31% | 0.41% |
| DURABLE GOODS-WHOLESALE | 1 | 2.93% | 3.88% | 0.95% | $377.64 | $388.84 | $11.20 | 2.97% | 23.86% | 23.87% | 0.02% |
| DURABLE GOODS-WHOLESALE, NEC | 2 | 12.62% | 12.62% | 0.00% | $51.80 | $51.80 | $0.00 | 0.00% | 19.42% | 19.42% | 0.00% |
| EATING AND DRINKING PLACES | 5 | 53.56% | 66.88% | 13.32% | $20.08 | $25.27 | $5.19 | 25.86% | 6.99% | 6.77% | -0.22% |
| EATING PLACES | 86 | 21.52% | 28.27% | 6.74% | $6,411.32 | $7,719.41 | $1,308.09 | 20.40% | 18.74% | 18.27% | -0.47% |
| EDUCATIONAL SERVICES | 28 | 3.09% | 9.49% | 6.40% | $498.09 | $644.60 | $146.51 | 29.41% | 20.52% | 18.25% | -2.27% |
| ELEC APPARATUS & EQUIP-WHSL | 5 | 35.06% | 40.35% | 5.29% | $227.83 | $289.07 | $61.24 | 26.88% | 25.91% | 27.33% | 1.42% |
| ELEC APPLIANCE,TV,RADIO-WHSL | 1 | 23.95% | 24.18% | 0.22% | $11.67 | $11.92 | $0.25 | 2.11% | 27.63% | 27.98% | 0.34% |
| ELEC MEAS & TEST INSTRUMENTS | 34 | 6.35% | 8.26% | 1.91% | -$708.04 | -$598.45 | $109.59 | -15.48% | -6.98% | -5.56% | 1.43% |
| ELECTR COIL,TRANSFRM,INDUCTR | 1 | 0.00% | 0.43% | 0.43% | $5.08 | $5.72 | $0.64 | 12.55% | 4.39% | 4.89% | 0.50% |
| ELECTR, OTH ELEC EQ, EX CMP | 3 | 15.82% | 16.28% | 0.47% | $2,040.30 | $2,190.23 | $149.93 | 7.35% | 9.03% | 9.52% | 0.49% |
| ELECTRIC & OTHER SERV COMB | 27 | 59.14% | 59.14% | 0.00% | $18,017.45 | $18,853.52 | $836.07 | 4.64% | 9.85% | 10.31% | 0.46% |
| ELECTRIC HOUSEWARES AND FANS | 5 | 40.71% | 41.77% | 1.05% | $182.78 | $191.47 |