Cintas Announces First-Quarter Results
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Cintas continues to generate strong cash flow and maintains a solid balance sheet. Net cash provided by operations was $88.3 million for the first quarter and the company’s current ratio was 3.75 to 1 at August 31, 2008. The company’s debt to total capitalization remained below 30 percent despite purchasing 900,000 shares of its outstanding common stock during the quarter at a cost of $25.8 million.
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