In an October 21, 2009, Morningstar video interview, "Micro-Cap Wallflowers Ready to Bloom," Michael Breen and Bill Nasgovitz talked about how Heartland's investment process searches for micro-caps.
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Price/Earnings Ratio of a stock is calculated by dividing the current price of the stock by its trailing 12 months' earnings per share.
Price/Cash Flow Ratio represents the amount an investor is willing to pay for a dollar generated from a particular company's operations. It shows the ability of a business to generate cash and acts as a gauge of liquidity and solvency.
LT Debt/Total Capital of a stock is calculated by dividing the long-term debt of the company by its total capital.