gearing
/ˈɡɪərɪŋ
/noun
1The set or arrangement of gears in a machine: the mill’s internal waterwheel and gearing survive...
- That involvement is demonstrated by several surviving sets of Jefferson's calculations concerning the gearing of the machine and by its conversion to a portable machine.
- The waterwheel shaft and main gearing are well below the first floor of the mill.
- The water mill, here nestled in a deep valley, is driven by a large, undershot, vertical waterwheel and right-angle gearing.
2British The ratio of a company’s loan capital (debt) to the value of its ordinary shares (equity): the firm expects its gearing to rise to 20 per cent...
- However the company could do with shedding a few extra pounds of debt, as its gearing is a hefty 310%.
- The remaining £445m will go to paying off debts, thus reducing gearing to a healthier 33%.
- According to him, investment mortgages can be raised in Ireland, Britain and elsewhere, depending on the mix of equity and gearing that is required by the individual investor.
