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%.
The Gearing ratio is the ratio of how much a business owes (debt) compared to the total of the debt plus the amount the owners have invested (equity).n the above example the total debt is Â£180,000 and the owners equity is Â£60,000. The Gearing Ratio is given by using the formula = Debt / (Debt + Owners Equity) x 100% = 180,000 / (180,000 + 60,000) x 100% = 180,000 / 240,000 x 100% = 75%.