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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%.
You often see the debt to equity ratio called the gearing ratio, although technically it would be more correct to refer to it as a gearing ratio. Gearing simply refers to financial leverage. Gearing ratios focus more heavily on the concept of leverage than other ratios used in accounting or investment analysis.his difference is embodied in the difference between the debt ratio and the debt to equity ratio. Put another way, leverage refers to the use of debt. Gearing is a type of leverage analysis that incorporates owner's equity, often expressed as a ratio in financial analysis.