Debt-to-equity ratio On a balance sheet, the formal definition is that debt (liabilities) plus equity equals assets, or any equivalent reformulation. Both the formulas below are therefore identical: Debt to equity can also be reformulated in terms of assets or debt: General Electric Co. () Debt-to-equity ratio The debt-to-equity ratio (D/E) is a financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets. Closely related to leveraging, the ratio is also known as risk, gearing or leverage. The two components are often taken from the firm's balance sheet or statement of financial position (so-called book
Bicycle gearing of the drive-train, including means of transmission and any gearing system. In this context efficiency is concerned with how much power is delivered to the wheel compared with how much power is put into the pedals. For a well-maintained transmission system, efficiency is generally between 86% and 99%, as detailed below. Factors besides gearing which affect performance include rolling resistance and air resistance: Human factors can also be significant. Rohloff demonstrates that overall efficiency can be improved in some cases by using a slightly less efficient gear ratio when this leads to greater human efficiency (in converting food to pedal