Receivables improvement was primarily related to the Company s focus in the current year to better manage its receivables. As part of the Company s working capital initiatives, Lucent expects to see improvements in inventory management in the second half of the year. The proceeds were used to repay existing debt amounts that came due during the quarter. The net debt to total capital ratio is defined as the ratio of total debt less cash to total capital less cash.
Current ratio is defined as the ratio of current assets to current liabilities.
The decrease in both periods is primarily from the net losses incurred in the first two quarters of the current fiscal year. Inc. All rights reserved.