(HN World / JP World / Stratton Global) earnings are relatively stable. Therefore, they have the ability to borrow large amounts as shown by the (high / low) debt to equity ratio. (HN World / JP World / Stratton Global) and (HN World / JP World / Stratton Global) are newer, smaller companies in volatile high-tech industries. They have not established the credit worthiness to borrow as much as (HN World / JP World / Stratton Global).

(Each company's ratio changes / only one company's ratio changes / two company ratios change ) over the four year period, (and the direction is favorable / and the direction is unfavorable / but the direction is not consistent). For many firms, (a single new issue of debt or equity / only a large number of debt or equity changes) can have have a large immediate effect on the ratios.

If a company increase its debt to equity ratio, this indicates that (debt grew faster than equity / equity grew faster than debt) if a company decreased its debt to equity ratio, this indicates that (debt grew faster than equity / equity grew faster than debt)

Total Debt Stockholders' Equity (in millions) 2011 2004 2011 2004 HN World JP World Stratton Global $ 683,500 619,500 $ 101,000 $ 108,000 600 16,500 2,850 275 19,500 15,900 9,350 20,000