notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and credit facilities of certain subsidiaries .the amount of parent company guarantees on lease obligations was $ 410.3 and $ 385.1 as of december 31 , 2012 and 2011 , respectively , and the amount of parent company guarantees primarily relating to credit facilities was $ 283.4 and $ 327.5 as of december 31 , 2012 and 2011 , respectively .in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .as of december 31 , 2012 , there were no material assets pledged as security for such parent company guarantees .contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 .
[['', '2013', '2014', '2015', '2016', '2017', 'thereafter', 'total'], ['deferred acquisition payments', '$ 26.0', '$ 12.4', '$ 9.7', '$ 46.4', '$ 18.9', '$ 2.0', '$ 115.4'], ['redeemable noncontrolling interests and call options with affiliates1', '20.5', '43.8', '32.9', '5.7', '2.2', '10.6', '115.7'], ['total contingent acquisition payments', '46.5', '56.2', '42.6', '52.1', '21.1', '12.6', '231.1'], ['less : cash compensation expense included above', '-0.7 ( 0.7 )', '-0.6 ( 0.6 )', '-0.8 ( 0.8 )', '-0.2 ( 0.2 )', '0.0', '0.0', '-2.3 ( 2.3 )'], ['total', '$ 45.8', '$ 55.6', '$ 41.8', '$ 51.9', '$ 21.1', '$ 12.6', '$ 228.8']]
1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2012 .these estimated payments of $ 16.4 are included within the total payments expected to be made in 2013 , and will continue to be carried forward into 2014 or beyond until exercised or expired .redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value in accordance with the authoritative guidance for classification and measurement of redeemable securities .the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .see note 6 for further information relating to the payment structure of our acquisitions .all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress .legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities , arising in the normal course of business .we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .note 15 : recent accounting standards impairment of indefinite-lived intangible assets in july 2012 , the financial accounting standards board ( 201cfasb 201d ) issued amended guidance to simplify impairment testing of indefinite-lived intangible assets other than goodwill .the amended guidance permits an entity to first assess qualitative factors to determine whether it is 201cmore likely than not 201d that the indefinite-lived intangible asset is impaired .if , after assessing qualitative factors , an entity concludes that it is not 201cmore likely than not 201d that the indefinite-lived intangible .

Question: in 2012 what was the ratio of the parent company guarantees on lease obligations to the credit facilities
Answer: 1.45
Explanation: in 2012 the parent company guaranteed $ 1.45 on lease obligations per $ 1 of credit facilities