Morningstar grades DIS an "A" in financial health -- no wonder: DIS paid only $746 million in interest expenses during the last fiscal year, but had revenue of $35.5 billion. That's only 2.1% of revenue going to debt maintenance. How much better could you get? Having 0% debt maintenance would be stupid, given the advantages of leveraging in a low-interest environment. If anything, DIS should take on more debt, thus increasing its respectable Return on Equity of 14.3 percent (a figure which more than justifies its forward PE of 14.2, a figure soon to become higher when Wall Street realizes that the long period of dormant PPS has ended).