gearing
US /ˈɡɪr.ɪŋ/
UK /ˈɡɪr.ɪŋ/
1.
the set of gears in a machine, especially a vehicle
:
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The car has smooth gearing.
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He adjusted the gearing for the uphill climb.
2.
the ratio of a company's debt to its equity, used as an indicator of financial leverage
:
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The company's high gearing indicates a reliance on borrowed capital.
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Analysts are concerned about the company's financial gearing.