Kenny McDowall admits Rangers were lucky only to ship four goals as the shambolic Light Blues sank 4-0 to Hibernian at Easter Road on Saturday.
The Ibrox side suffered their heaviest hammering at the hands of the Leith men since being beaten 5-0 back in January 1912.
It was another black day for the League One champions just a week after boss Ally McCoist was sent away on garden leave.
But McDowall - now in charge for the remainder of the season - could do nothing to save ragged Rangers as he took over the reins for the first time.
And the interim boss said his side were just fortunate not to have been hit by an even bigger drubbing.
He said: “The only positive I can take at this moment is that we managed to keep it to four but we’ll analyse the game next week.”
The defeat leaves Rangers 15 points adrift of Hearts in the race for automatic promotion and McDowell apologised to the travelling Light Blues faithful forced to watch another nightmare display.
He said: “It wasn’t an ideal start - two down after 12 minutes and we failed to recover from that.
“For me personally, I’m disappointed for the support who came all this way and we’ve let them down.
“Normally you get a response when there is a change in management but that didn’t happen for us.
“I can’t take anything away from Hibs, they were the better team and wanted it more than us.
“It’s very easy to say we should have responded differently when we went a goal down and yes things should have been different.
“We’ll have a wee look at it on Monday but we are disappointed with all elements today, especially the outcome.
“We’ve got to keep going and take it one game at a time, the next match is Dumbarton at home and we’ll look to go and win that match and try and get back to winning ways quickly.
“Any game would do us next, after the result today we need to just play again and get the next match out of the way - anything would be welcome.”
For striker Kenny Miller the return to his old stamping ground could hardly have been more of a nightmare.
“The first half killed us. When you go 2-0 down after twelve minutes it’s always going to be an uphill struggle,” he said.
“We were prepared but it was just another one of these days when we just weren’t good enough - collectively and individually.
“Fair play to Hibs - I thought they were outstanding again. That’s three times we’ve played them this year and they’ve really got our number at the moment.”
The departure of Ally McCoist had obviously been a factor in the performance.
Miller added; “It’s been another tough week. When you lose your manager it throws things into turmoil but Kenny has taken over and tried to keep it as normal as possible.
“The team has a severe lack of confidence at the moment. We’re lacking a bit of belief in ourselves. It’s as simple as that.
“You only need to look at the way we have performed over the last few weeks. Even when we have been winning games it’s not been at a level we’ve been used to.”