No it is not. It would be if it was a negative.
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no, they are less than one
Zero point zero one zero three or one hundred and three thousandths
One hundred and one thousandths.
0.12 is 12 hundredths 0.012 is 12 thousandths 0.0012 is 12 ten thousandths zero point zero zero one two
0.0101 can be written as "zero point zero one zero one".