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This is because of the "operational gearing" of businesses.
Gearing of a novel design is discussed in the paper.
"A gearing of four times is high for ITV.
Take Labor's proposed changes to negative gearing of property.
Net debt stands at €130m, a gearing of about 1.5 times earnings.
The fund used gearing of 32 times to buy AAA-rated paper and has had to sell assets to meet margin calls.
Similar(38)
Start with a gear train of more than two gears.
The re-gearing of the Pep-José franchise is a significant step in itself for a footballing culture that prizes above all the operetta of pure personality.
Better perhaps to see him simply as a very modern, generation-next kind of footballer, a re-gearing of the utility defender for an age when attack itself has become ever more diffuse.
Geocaching gear, of course.
The gears of time ground down.
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