stock option gains previously deferred by those participants pursuant to the terms of the deferred compensation plan and earnings on those deferred amounts . as a result of certain provisions of the american jobs creation act , participants had the opportunity until december 31 , 2005 to elect to withdraw amounts previously deferred . 11 . lease commitments the company leases certain of its facilities , equipment and software under various operating leases that expire at various dates through 2022 . the lease agreements frequently include renewal and escalation clauses and require the company to pay taxes , insurance and maintenance costs . total rental expense under operating leases was approximately $ 43 million in fiscal 2007 , $ 45 million in fiscal 2006 and $ 44 million in fiscal 2005 . the following is a schedule of future minimum rental payments required under long-term operating leases at november 3 , 2007 : fiscal years operating leases .

operating leases: 2008: 30774
2009: 25906
2010: 13267
2011: 5430
2012: 3842
later years: 12259
total: 91478

12 . commitments and contingencies tentative settlement of the sec 2019s previously announced stock option investigation in the company 2019s 2004 form 10-k filing , the company disclosed that the securities and exchange com- mission ( sec ) had initiated an inquiry into its stock option granting practices , focusing on options that were granted shortly before the issuance of favorable financial results . on november 15 , 2005 , the company announced that it had reached a tentative settlement with the sec . at all times since receiving notice of this inquiry , the company has cooperated with the sec . in november 2005 , the company and its president and ceo , mr . jerald g . fishman , made an offer of settlement to the staff of the sec . the settlement has been submitted to the commission for approval . there can be no assurance a final settlement will be so approved . the sec 2019s inquiry focused on two separate issues . the first issue concerned the company 2019s disclosure regarding grants of options to employees and directors prior to the release of favorable financial results . specifically , the issue related to options granted to employees ( including officers ) of the company on november 30 , 1999 and to employees ( including officers ) and directors of the company on november 10 , 2000 . the second issue concerned the grant dates for options granted to employees ( including officers ) in 1998 and 1999 , and the grant date for options granted to employees ( including officers ) and directors in 2001 . specifically , the settlement would conclude that the appropriate grant date for the september 4 , 1998 options should have been september 8th ( which is one trading day later than the date that was used to price the options ) ; the appropriate grant date for the november 30 , 1999 options should have been november 29th ( which is one trading day earlier than the date that was used ) ; and the appropriate grant date for the july 18 , 2001 options should have been july 26th ( which is five trading days after the original date ) . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .

Questions:
what was the value of operating leases in 2008?
what is that divided by 1000?
what is the value of rental expense in 2007?
what is the simplified operating lease value less the 2007 rental expense?
what is the 2007 rental expense?
what is the ratio of the net lease value to the 2007 rental expense?

Answers:
30774
30.8
43
-12.2
43
-28.4%