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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%.
This varying ratio between the countershaft gear and the output shaft gear is what ultimately determines the gear ratio. For the reverse gear there is a small reverse idler gear between the countershaft gear and the output shaft gear.