additional information regarding these and other accounting pronouncements is included in note 1 to the consolidated financial statements . financial condition and liquidity the company generates significant ongoing cash flow . net debt decreased significantly in 2004 , but increased in 2005 , primarily related to the $ 1.36 billion cuno acquisition . at december 31 .

Table:
( millions ) | 2005 | 2004 | 2003
total debt | $ 2381 | $ 2821 | $ 2937
less : cash & cash equiv . | 1072 | 2757 | 1836
net debt | $ 1309 | $ 64 | $ 1101
3m believes its ongoing cash flows provide ample cash to fund expected investments and capital expenditures .
the company has an aa credit rating from standard & poor 2019s and an aa1 credit rating from moody 2019s investors service .
the company has sufficient access to capital markets to meet currently anticipated growth and acquisition investment funding needs .
the company does not utilize derivative instruments linked to the company 2019s stock .
however , the company does have contingently convertible debt that , if conditions for conversion are met , is convertible into shares of 3m common stock ( refer to note 8 in this document ) .
the company 2019s financial condition and liquidity at december 31 , 2005 , remained strong .
various assets and liabilities , including cash and short-term debt , can fluctuate significantly from month-to-month depending on short-term liquidity needs .
working capital ( defined as current assets minus current liabilities ) totaled $ 1.877 billion at december 31 , 2005 , compared with $ 2.649 billion at december 31 , 2004 .
this decrease was primarily related to a decrease in cash and cash equivalents ( $ 1.685 billion ) partially offset by a decrease in debt classified as short-term borrowings and current portion of long-term debt ( $ 1.022 billion ) .
the cash and cash equivalents balance was impacted by the acquisition of cuno and repayment of debt .
the company uses various working capital measures that place emphasis and focus on certain working capital assets and liabilities .
these measures are not defined under u.s .
generally accepted accounting principles and may not be computed the same as similarly titled measures used by other companies .
one of the primary working capital measures 3m uses is a combined index , which includes accounts receivables , inventory and accounts payable .
this combined index ( defined as quarterly net sales 2013 fourth quarter at year-end 2013 multiplied by four , divided by ending net accounts receivable plus inventory less accounts payable ) was 5.7 at december 31 , 2005 , down from 5.8 at december 31 , 2004 .
excluding cuno , net working capital turns at december 31 , 2005 , were 5.8 , the same as at december 31 , 2004 .
receivables increased $ 46 million , or 1.6% ( 1.6 % ) , compared with december 31 , 2004 .
at december 31 , 2005 , the cuno acquisition increased accounts receivable by $ 88 million .
currency translation ( due to the stronger u.s dollar ) reduced accounts receivable by $ 231 million year-on-year .
inventories increased $ 265 million , or 14.0% ( 14.0 % ) , compared with december 31 , 2004 .
at december 31 , 2005 , the cuno acquisition increased inventories by $ 56 million .
currency translation reduced inventories by $ 89 million year-on-year .
accounts payable increased $ 88 million compared with december 31 , 2004 , with cuno accounting for $ 18 million of this increase .
cash flows from operating , investing and financing activities are provided in the tables that follow .
individual amounts in the consolidated statement of cash flows exclude the effects of acquisitions , divestitures and exchange rate impacts , which are presented separately in the cash flows .
thus , the amounts presented in the following operating , investing and financing activities tables reflect changes in balances from period to period adjusted for these effects. .

Question: in 2005 what was the ratio of the debt to the cash
Answer: 2.2
Calculation: divide(2381, 1072)