gearing

简明释义

英[ˈɡɪərɪŋ]美[ˈɡɪrɪŋ]

n. 齿轮装置；传动装置；资本配比

v. 使变速；使调档；使适合（gear 的现在分词）

英英释义

单词用法

同义词

反义词

例句

1.For example, the section on gears explained gearing ratios and how the different types of gears worked.

举例来说，关于齿轮的小节阐述了啮合比率，以及不同类型的齿轮如何工作。

2.Financial gearing may be another reason.

财务杠杆可能是另一原因。

3.A reliable source says the Gossip Girl brain trust is gearing up to have Billy return to the Upper East Side next season.

据可靠消息称：这部剧的高层正计划着让出演和蔼可亲的老爹威廉·鲍德温在下一季回上东区转转。

4.The team is now gearing up for a navigation payload PDR at ITT.

该团队目前正在ITT公司为导航有效载荷的PDR进行改进。

5.Your baby's cartilage and bone are beginning to form and his organs muscles and nerves are gearing up.

婴儿的软骨和骨骼开始形成，他的器官、肌肉和神经迅速生长。

6.Environmental groups are gearing up to challenge coal plants state by state.

环保组织正在为抵制燃煤电厂而在各州奔走。

7.The company is adjusting its gearing to improve its financial stability.

公司正在调整其杠杆比率以改善财务稳定性。

8.High gearing can increase risk during economic downturns.

高杠杆比率在经济衰退期间可能增加风险。

9.Investors are concerned about the firm's gearing levels.

投资者对该公司的杠杆比率水平感到担忧。

10.The manager proposed a new strategy to lower the gearing ratio.

经理提出了一项新策略，以降低杠杆比率。

11.A moderate gearing level can enhance returns on equity.

适度的杠杆比率可以提高股本回报率。

作文

In the world of business and finance, the term gearing refers to the ratio of a company's debt to its equity. It is a crucial metric that indicates how much financial leverage a company is using to fund its operations and growth. A higher gearing ratio means that a company relies more on borrowed money, which can amplify both potential returns and risks. Understanding gearing is essential for investors, as it provides insights into a company's financial health and risk profile. For instance, consider a company that has a gearing ratio of 70%. This means that for every dollar of equity, there are 70 cents of debt. While this might suggest that the company is aggressively pursuing growth through borrowing, it also raises concerns about its ability to manage debt during economic downturns. Investors must weigh the benefits of high gearing against the potential for increased financial strain. Conversely, a company with a low gearing ratio, say 25%, indicates that it is primarily funded by equity rather than debt. This could be seen as a safer investment, as the company is less exposed to the risks associated with high levels of borrowing. However, it might also imply that the company is not taking full advantage of opportunities for growth, as it is not leveraging debt to expand its operations. Understanding the implications of gearing is not only important for investors but also for company management. A well-balanced gearing strategy can help a company optimize its capital structure, ensuring it has enough resources to invest in new projects while maintaining a manageable level of risk. Management teams often analyze their gearing ratios regularly to make informed decisions about financing options, whether it be through issuing new equity, taking on additional debt, or reinvesting profits. Moreover, the industry context is vital when assessing gearing. Different sectors have varying norms regarding acceptable gearing levels. For example, utility companies often operate with higher gearing ratios due to their stable cash flows, while technology firms might prefer lower gearing to maintain flexibility in rapidly changing markets. As such, investors should benchmark a company's gearing against its peers to gain a clearer picture of its financial strategy. Another aspect of gearing is its impact on shareholder returns. When a company successfully manages its gearing, it can enhance return on equity (ROE) by using debt to finance growth initiatives. However, if the company fails to generate sufficient returns to cover its debt obligations, it can lead to financial distress, negatively impacting shareholder value. In conclusion, gearing is a pivotal concept in finance that reflects the balance between debt and equity in a company's capital structure. It serves as an indicator of financial risk and growth potential. For both investors and company leaders, understanding gearing is critical for making informed decisions that can affect the long-term success of the business. By carefully analyzing gearing ratios in the context of industry standards and company performance, stakeholders can better navigate the complexities of financial management and investment strategies.

在商业和金融领域，术语gearing指的是公司债务与股本的比率。这是一个关键指标，表明公司在多大程度上利用财务杠杆来资助其运营和增长。较高的gearing比率意味着公司更依赖借款，这可能会放大潜在的收益和风险。理解gearing对投资者来说至关重要，因为它提供了关于公司财务健康和风险状况的洞察。 例如，考虑一家公司的gearing比率为70%。这意味着每美元的股本就有70美分的债务。虽然这可能表明公司通过借款积极追求增长，但也引发了对其在经济低迷期间管理债务能力的担忧。投资者必须权衡高gearing的好处与可能增加的财务压力。 相反，一家公司的gearing比率较低，比如25%，则表明它主要依靠股本而不是债务来融资。这可以被视为一种更安全的投资，因为公司较少面临与高水平借款相关的风险。然而，这也可能意味着公司没有充分利用增长机会，因为它没有利用债务来扩展其运营。 了解gearing的影响不仅对投资者重要，对公司管理层也是如此。良好的gearing策略可以帮助公司优化其资本结构，确保它有足够的资源来投资新项目，同时保持可管理的风险水平。管理团队通常定期分析其gearing比率，以便就融资选项做出明智的决策，无论是通过发行新股、承担额外债务还是再投资利润。 此外，行业背景在评估gearing时至关重要。不同的行业对可接受的gearing水平有不同的标准。例如，公用事业公司由于其稳定的现金流，通常具有较高的gearing比率，而科技公司可能更倾向于较低的gearing以保持在快速变化市场中的灵活性。因此，投资者应将公司的gearing与其同行进行基准比较，以更清晰地了解其财务策略。 gearing的另一个方面是其对股东回报的影响。当一家公司成功管理其gearing时，它可以通过利用债务资助增长计划来提高股本回报率（ROE）。然而，如果公司未能产生足够的回报来覆盖其债务义务，可能导致财务困境，从而对股东价值产生负面影响。 总之，gearing是金融中的一个关键概念，反映了公司资本结构中债务与股本之间的平衡。它作为财务风险和增长潜力的指标。对于投资者和公司领导来说，理解gearing对做出可能影响企业长期成功的明智决策至关重要。通过在行业标准和公司绩效的背景下仔细分析gearing比率，利益相关者可以更好地应对财务管理和投资策略的复杂性。