Gross Gearing % (excluding Intangibles)

What is the definition of Gross Gearing % (ex Intan)?

This is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity.

The formula is : Total Debt / (Book Value of Equity - Goodwill and intangibles)

It uses the book value of equity, not market value as it indicates what proportion of equity and debt the company has been using to finance its assets.


Stockopedia explains Gross Gearing % (ex Intan)...

This is a harsher version of the gearing ratio as all intangibles, such as brand value and goodwill, have been excluded from shareholders' funds.

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