Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.
If your page isn't loading correctly please Click here
Basic ADVFN Video Help
ADVFN HomeHelpFinancialsDeeper AnalysisFINANCIAL RATIOS - Leverage RatiosNet Gearing (excl. Intangibles)
FINANCIAL RATIOS - Leverage Ratios
  Debt Ratio
  Debt-to-Equity Ratio
  Debt-to-Equity Ratio (excl. Intangibles)
  Debt-to-Equity Market Value
  Net Gearing
  Net Gearing (excl. Intangibles)
  Gross Gearing (excl. Intangibles)
  Gearing Under 1 Year
  Gearing Under 1 Year (excl. Intangibles)
  Assets/Equity
  Cash/Equity

Net Gearing (excl. Intangibles)

Net Gearing (excl. intangibles), is the Total Debt net of cash & equivalents as a percentage of the Total of Shareholders' funds and Debt funds net of Intangibles. The calculation is the following:


= [(creditors,short + creditors,long + creditors,other + subordinated loans + insurance funds - cash & equivalents) / (ord cap,reserves + prefs,minorities + creditors,short + creditors,long + creditors,other + subordinated loans + insurance funds - intangibles)] * 100

= [(TOTAL LIABILITIES - cash & equivalents) / (TOTAL ASSETS - intangibles)] * 100