Gates Industrial Balance Sheet Health
Financial Health criteria checks 3/6
Gates Industrial has a total shareholder equity of $3.5B and total debt of $2.4B, which brings its debt-to-equity ratio to 67.4%. Its total assets and total liabilities are $7.0B and $3.6B respectively. Gates Industrial's EBIT is $494.7M making its interest coverage ratio 3.6. It has cash and short-term investments of $554.6M.
Key information
67.4%
Debt to equity ratio
US$2.36b
Debt
| Interest coverage ratio | 3.6x |
| Cash | US$554.60m |
| Equity | US$3.50b |
| Total liabilities | US$3.55b |
| Total assets | US$7.05b |
Recent financial health updates
Gates Industrial (NYSE:GTES) Has A Somewhat Strained Balance Sheet
Dec 02
These 4 Measures Indicate That Gates Industrial (NYSE:GTES) Is Using Debt Extensively
May 01Does Gates Industrial (NYSE:GTES) Have A Healthy Balance Sheet?
Jan 21Does Gates Industrial (NYSE:GTES) Have A Healthy Balance Sheet?
Oct 04Recent updates
Does Gates Industrial (NYSE:GTES) Deserve A Spot On Your Watchlist?
May 01Gates Industrial Corporation plc's (NYSE:GTES) Intrinsic Value Is Potentially 95% Above Its Share Price
Apr 16Market Participants Recognise Gates Industrial Corporation plc's (NYSE:GTES) Earnings
Mar 28Gates Industrial: Improving Profitability Outlook Finally Driving The Stock Forward
Mar 22Is Now An Opportune Moment To Examine Gates Industrial Corporation plc (NYSE:GTES)?
Feb 08Do Gates Industrial's (NYSE:GTES) Earnings Warrant Your Attention?
Jan 04The Market Doesn't Like What It Sees From Gates Industrial Corporation plc's (NYSE:GTES) Earnings Yet
Dec 18Gates Industrial (NYSE:GTES) Has A Somewhat Strained Balance Sheet
Dec 02Should You Think About Buying Gates Industrial Corporation plc (NYSE:GTES) Now?
Nov 03Gates Industrial: Encouraging Q3 Report Needed To Finally Create A Floor For The Stock
Nov 02Is Gates Industrial Corporation plc (NYSE:GTES) Trading At A 41% Discount?
Oct 03Here's Why Gates Industrial (NYSE:GTES) Has Caught The Eye Of Investors
Aug 24Gates Industrial Corporation: Breaking Records And Driving Growth
Aug 14Is There Now An Opportunity In Gates Industrial Corporation plc (NYSE:GTES)?
Aug 02Is Gates Industrial Corporation plc (NYSE:GTES) Trading At A 28% Discount?
Jun 16These 4 Measures Indicate That Gates Industrial (NYSE:GTES) Is Using Debt Extensively
May 01Returns On Capital At Gates Industrial (NYSE:GTES) Have Stalled
Mar 28Calculating The Intrinsic Value Of Gates Industrial Corporation plc (NYSE:GTES)
Feb 22Gates Industrial Corp.: A 'Power' Prospect For Your Portfolio
Feb 17Gates Industrial Non-GAAP EPS of $0.25 beats by $0.02, revenue of $893.3M beats by $44.17M
Feb 09Does Gates Industrial (NYSE:GTES) Have A Healthy Balance Sheet?
Jan 21At US$12.01, Is Gates Industrial Corporation plc (NYSE:GTES) Worth Looking At Closely?
Jan 06Gates Industrial (NYSE:GTES) Has Some Way To Go To Become A Multi-Bagger
Dec 22Are Investors Undervaluing Gates Industrial Corporation plc (NYSE:GTES) By 37%?
Nov 21Gates Industrial Non-GAAP EPS of $0.31 in-line, revenue of $860.7M misses by $35.67M
Nov 04Does Gates Industrial (NYSE:GTES) Have A Healthy Balance Sheet?
Oct 04Slowing Rates Of Return At Gates Industrial (NYSE:GTES) Leave Little Room For Excitement
Sep 15Should You Investigate Gates Industrial Corporation plc (NYSE:GTES) At US$11.23?
Aug 28Financial Position Analysis
Short Term Liabilities: GTES's short term assets ($2.3B) exceed its short term liabilities ($747.9M).
Long Term Liabilities: GTES's short term assets ($2.3B) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: GTES's net debt to equity ratio (51.6%) is considered high.
Reducing Debt: GTES's debt to equity ratio has reduced from 100.9% to 67.4% over the past 5 years.
Debt Coverage: GTES's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: GTES's interest payments on its debt are well covered by EBIT (3.6x coverage).