Gearing ratio là gì

A gearing ratio is a category of financial ratios that compare company debt relative béo financial metrics such as total equity or assets. Investors, lenders, với analysts sometimes use these types of ratios Khủng assess how a company structures itself cùng the amount of risk involved with its chosen capital structure.

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What Is a Gearing Ratio?

A gearing ratio is a measurement of a company’s financial leverage, or the amount of business funding that comes from borrowed methods (lenders) versus company owners (shareholders). Well-known gearing rattiện ích ios include debt-lớn-equity, debt-lớn-capital cùng debt-service ratgame ios.

Although financial leverage với financial risk are not the same, they are interrelated. Measuring the degree mập which a company uses financial leverage is a way béo assess its financial risk.

Lenders may use gearing ratios Khủng decide whether or not lớn extend credit, với investors may use them béo determine whether or not béo invest in a business. A higher gearing ratio usually indicates higher financial risk.

While there is no mix gearing ratio that indicates a good or bad structured company, general guidelines suggest that between 25% và 1/2 is best unless the company needs more debt phệ operate.

How Do You Calculate a Gearing Ratio?

There are many types of gearing ratquả táo, but a comtháng one béo use is the debt-lớn-equity ratio. Lớn calculate it, you add up the long-term cùng short-term debt với divide it by the shareholder equity. If you don’t have any shareholders, then you (the owner) are the only shareholder, với the equity in this equation is yours.


Long-term debt includes loans, leases, or any other size of debt that requires payments at least a year out. Short-term debt usually requires payment within a year.

How Gearing Ratios Work

If your company had $100,000 in debt, với your balance sheet showed $75,000 of shareholders’ or owners’ equity, then your gearing ratio would be about 133%, which is generally considered high.

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Raising capital by continuing béo offer more shares would help decrease your gearing ratio. For example, if you managed béo raise $50,000 by offering shares, your equity would increase lớn $125,000, với your gearing ratio would decrease to 80%.

Another method mập decrease your gearing ratio is mập increase your sales in an attempt béo increase revenue. You could also try lớn convince your lenders béo đổi khác your debt into shares.

Limitations of Gearing Ratios

The results of gearing ratio analysis can add value mập a company’s financial planning when compared over time. But as a one-time calculation, gearing ratquả táo may not provide any real meaning.

It’s also important béo remember that although high gearing ratio results indicate high financial leverage, they don’t always mean that a company is in financial diức chế. While firms with higher gearing rattiện ích ios generally carry more risk, regulated entities such as utility companies commonly operate with higher debt levels.

Monopolistic companies often also have a higher gearing ratio because their financial risk is mitigated by their strong industry position. Additionally, capital-intensive industries, such as manufacturing, typically finance expensive sầu equipment with debt, which leads to higher gearing ratios.

For this reason, it’s important bự consider the industry that the company is operating in when analyzing it’s gearing ratio, because different industries have sầu different standards.

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A gearing ratio compares the funds a company borrows relative sầu to its equity, or capital.Different types of gearing ratios exist, but a comtháng one is the debt-lớn-equity ratio.A higher gearing ratio usually indicates higher financial risk bự stockholders với lenders.It’s important mập consider the industry và type of company when analyzing với comparing gearing ratquả táo.

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