New licenses are not automatically issued for name and/or address changes. To receive a license with your new name and/or address, you must submit $10.00 per license with your request. Duplicate licenses can be paid for online at www.michigan.gov/elicense.
Gearing ratio indicates the extent to which debt financing is used relative to the total capital employed. 8 million, with the equity ratio standing at 40%, up from 35%, and the gearing ratio at 36%, up from 29%.
A debt ratio is simply a company's total debt divided by its total assets. The formula is: Debt Ratio = Total Debt / Total Assets. For example, if Company XYZ had $10 million of debt on its balance sheet and $15 million of assets, then Company XYZ's debt ratio is: Debt Ratio = $10,000,000 / $15,000,000 = 0.67 or 67%. leverage ratio is meant to evaluate a companyâs debt levels. The most common leverage ratios are the debt ratio and the debt-to-equity ratio.