kimco realty corporation and subsidiaries notes to consolidated financial statements , continued as of december 31 , 2009 , the company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk : interest rate derivates number of instruments notional .

Table: interest rate derivates number of instruments notional interest rate caps 2 $ 83.1 million interest rate swaps 2 $ 23.6 million

the fair value of these derivative financial instruments classified as asset derivatives was $ 0.4 million and $ 0 for december 31 , 2009 and 2008 , respectively . the fair value of these derivative financial instruments classified as liability derivatives was $ ( 0.5 ) million and $ ( 0.8 ) million for december 31 , 2009 and 2008 , respectively . credit-risk-related contingent features the company has agreements with one of its derivative counterparties that contain a provision where if the company defaults on any of its indebtedness , including default where repayment of the indebtedness has not been accelerated by the lender , then the company could also be declared in default on its derivative obligations . the company has an agreement with a derivative counterparty that incorporates the loan covenant provisions of the company 2019s indebtedness with a lender affiliate of the derivative counterparty . failure to comply with the loan covenant provisions would result in the company being in default on any derivative instrument obligations covered by the agreement . 18 . preferred stock , common stock and convertible unit transactions : during december 2009 , the company completed a primary public stock offering of 28750000 shares of the company 2019s common stock . the net proceeds from this sale of common stock , totaling approximately $ 345.1 million ( after related transaction costs of $ 0.75 million ) were used to partially repay the outstanding balance under the company 2019s u.s . revolving credit facility . during april 2009 , the company completed a primary public stock offering of 105225000 shares of the company 2019s common stock . the net proceeds from this sale of common stock , totaling approximately $ 717.3 million ( after related transaction costs of $ 0.7 million ) were used to partially repay the outstanding balance under the company 2019s u.s . revolving credit facility and for general corporate purposes . during september 2008 , the company completed a primary public stock offering of 11500000 shares of the company 2019s common stock . the net proceeds from this sale of common stock , totaling approximately $ 409.4 million ( after related transaction costs of $ 0.6 million ) were used to partially repay the outstanding balance under the company 2019s u.s . revolving credit facility . during october 2007 , the company issued 18400000 depositary shares ( the 201cclass g depositary shares 201d ) , after the exercise of an over-allotment option , each representing a one-hundredth fractional interest in a share of the company 2019s 7.75% ( 7.75 % ) class g cumulative redeemable preferred stock , par value $ 1.00 per share ( the 201cclass g preferred stock 201d ) . dividends on the class g depositary shares are cumulative and payable quarterly in arrears at the rate of 7.75% ( 7.75 % ) per annum based on the $ 25.00 per share initial offering price , or $ 1.9375 per annum . the class g depositary shares are redeemable , in whole or part , for cash on or after october 10 , 2012 , at the option of the company , at a redemption price of $ 25.00 per depositary share , plus any accrued and unpaid dividends thereon . the class g depositary shares are not convertible or exchangeable for any other property or securities of the company . the class g preferred stock ( represented by the class g depositary shares outstanding ) ranks pari passu with the company 2019s class f preferred stock as to voting rights , priority for receiving dividends and liquidation preference as set forth below . during june 2003 , the company issued 7000000 depositary shares ( the 201cclass f depositary shares 201d ) , each such class f depositary share representing a one-tenth fractional interest of a share of the company 2019s 6.65% ( 6.65 % ) class f cumulative redeemable preferred stock , par value $ 1.00 per share ( the 201cclass f preferred stock 201d ) . dividends on the class f depositary shares are cumulative and payable quarterly in arrears at the rate of 6.65% ( 6.65 % ) per annum based on the .

Question: in 2009 what was the ratio of the interest rate caps to swaps
Answer: 3.52
Calculation: divide(83.1, 23.6)