Gearing definition

Gearing means -1; "Option" means Put;

Gearing. Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract so that transactions are “leveraged” or “geared”. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit; this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to provide additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.

Gearing means the multiple or fraction specified as such in the applicable Final Terms. The value of the Gearing may be lower than, equal to or higher than 1 (one) or 100 per cent. but not lower than or equal to 0 (zero) or 0 per cent.

Examples of Gearing in a sentence

• Motor, Gearing, Transmission, Electric wiring and other dangerous parts of hoisting appliances should be provided with efficient safeguards, hoisting appliances should be provided with such means as will reduce to the minimum the risk of accidental descent of the load, adequate precautions should be taken to reduce to the minimum the risk of any part of a suspended load becoming accidentally displaced.

• Gearing, Transmission, Electric wiring and other dangerous parts of housing appliance should be provided with efficient safeguard.

• Section 3 - Adjustments driven by Gearing levels and corporate debt interest costs (‘tax claw-back’) - methodology Error! Bookmark not defined.Determination and direction of revised TGIE values Error! Bookmark not defined.Direction of TGIE values Error! Bookmark not defined.Section 4 - Processing of revised PCFM Variable Values under the Annual Iteration Process........................................................................

• Financial Performance Highlights 20222021 RMB’000RMB’000Key financial information – Revenue1,492,1552,035,409– Gross profit35,663234,201– (Loss)/profit for the year(31,253)98,097– (Loss)/earnings per share (RMB)(0.05)0.16Key performance ratios – Gross profit margin2.4%11.5%– Net profit marginN/A4.8%– Return on equityN/A12.9%– Current ratio1.51.4– Gearing ratio0.60.7RevenueRevenue of the Group is primarily generated from the sale of hard steel coil and hot-dip galvanized steel products.

• Gearing ratioAs at December 31, 2023, the Group’s gearing ratio (i.e. the total amount of borrowings and lease liabilities divided by total equity, in percentage) was 1.4% (as at December 31, 2022: 0.6%).Foreign exchange exposureDuring the Reporting Year, the Group mainly operated in China and the majority of the transactions were settled in RMB, which is also the functional currency of the Company’s primary consolidated affiliated entities.

More Definitions of Gearing

Gearing means -1;

Gearing means 100%

Gearing means the ratio of the Group’s total borrowings to total capital.

Gearing means total borrowings divided by total shareholders’ funds.

Gearing means 100 per cent.;

Gearing means Financial Indebtedness of the Licensee and related undertakings divided by the Value of the RAB of the Licensee and related undertakings and expressed as a percentage

Gearing means net exposure under all contracts and positions held at the relevant point in time.