APE 2.59% $10.54 eagers automotive limited

Ann: ASIC decision on Flex Commissions, page-18

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    this is what I have found online regarding gearing
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    The appropriate level of gearing for a company depends on its sector, as well as the degree of leverage employed by its peers. For example, a gearing ratio of 70% shows that a company’s debt levels are 70% of its equity. A gearing ratio of 70% may be very manageable for a utility, as the business functions as a monopoly with support through local government channels, but it may be far too much for a technology company with high levels of competition in a rapidly changing marketplace.

    Read more: Gearing Ratio http://www.investopedia.com/terms/g/gearingratio.asp#ixzz4oIkqGZQ5
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    So the high gearing% that APE has is this manageable for a company like APE or not really?
    cheers.
 
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