I am new to D having recieved the stock through the purchase of LD. I have finally gotten around to annalizing the annual report. I am quite concerned about the debt. According to my calculations the cash flow ratio is .32. That would indicate it can not cover its currrent debt adequately. The debt coverage ratio is .14. This would indicate they can't cover their long term debt. Then I read the following: RICHMOND, Va., May 16, 2002 (BUSINESS WIRE) -- Dominion (D) said today the chances are "extremely remote" that an operating or financial problem would trigger mandatory repayment provisions contained in a $665 million note financing its Dominion Fiber Ventures unit.Am I reading and doing the math correctly? I am leaning toward selling becasue of the debt. Would like to hear comments from the board.
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