(1) The water mill, here nestled in a deep valley, is driven by a large, undershot, vertical waterwheel and right-angle gearing .(2) the mill's internal waterwheel and gearing survive(3) Company gearing , the level of borrowing relative to equity, currently stands at a stretched 120 per cent.(4) However, the gearing of some 47% at this company is a little off-putting.(5) The waterwheel shaft and main gearing are well below the first floor of the mill.(6) The operational settings include the suspension, the gearing , the brakes, and the stabilizers.(7) The average gearing ratio for the last 20 years is 46 per cent.(8) Internal hub gearing still predominates in some regions, particularly on utility bikes, whereas in other regions external derailleur systems predominate.(9) The gearing ratio of the company was 11.8 per cent, compared with the restated 17.1 per cent a year earlier.(10) Its debt will stand at $315 million at year-end, a comfortable gearing of 26 per cent for a company that throws off $200 million in cash each year.(11) He says cheap borrowing and the regular revenues from rental has helped keep debt gearing well within limits.(12) So gearing increases your risks but, if you have reason to believe that your investment will generally give you a higher return than the cost of your borrowing, then it can work very well.(13) With gearing at year-end of 63 per cent, its acquisitions in 2004 are likely to be bolt-on in nature.(14) He published the first theoretical treatise on mills, and patented improvements to their gearing and scoop wheels.(15) However, thanks to their gearing (which means that they magnify the gains or losses of the underlying security), warrants are particularly risky little beasts.(16) The remaining £445m will go to paying off debts, thus reducing gearing to a healthier 33%.