Operating gearing is a measure of the extent to which a firm's operating costs are fixed rather than variable as this affects the level of business risk in the firm.

经营杠杆计量的是企业经营成本中固定成本而非变动成本所占比重，固定成本比重往往影响企业的经营风险水平。

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Gear case of the gearing system and the gliding tailstock are integrative structure, lifting swiftly, operating easily.

传动系统的齿轮箱与滑动顶尖座为一体结构，升降灵活，操作方便。

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And, according to boffins at the University of Stirling, if British companies were to capitalise their operating leases, their gearing would shoot up from an average of 20% to 72%.

ECONOMIST: Commercial property

"Their gearing is way higher than anybody else in the space they're operating in, " says rbs analyst Nirgunan Tiruchelvam, noting that sometime rival Noble Group, out of Hong Kong, is barely above one times equity, and that that's the sector's second-highest next to Olam.

FORBES: Magazine Article