Gearing ratios for firms in the top 25 per cent of the group are quite a bit lower than they were a decade ago.
In line with low gearing and the low interest rate https://www.rba.gov.au/speeches/2019/sp-ag-2019-08-08.html  4/13  08/08/2019  Financial Stability Through the Lens of Business | Speeches | RBA  environment, the debt-servicing ratios for companies in the top 25 per cent of the distribution are also at low levels, having fallen sharply over the past decade.