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 69.3%. Its total assets and total liabilities are $7.1B and $3.7B respectively. Gates Industrial's EBIT is $488.6M making its interest coverage ratio 3.5. It has cash and short-term investments of $591.8M.
Key information
69.3%
Debt to equity ratio
US$2.40b
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$591.80m |
| Equity | US$3.46b |
| Total liabilities | US$3.66b |
| Total assets | US$7.12b |
Recent financial health updates
No updates
Recent updates
Gates Industrial: Bullish Sentiment Continuing Due To Strong Momentum And Elevated EPS Growth
Dec 17Take Care Before Diving Into The Deep End On Gates Industrial Corporation plc (NYSE:GTES)
Oct 14
When Should You Buy Gates Industrial Corporation plc (NYSE:GTES)?
Sep 18Gates Industrial: Growing Margins Paving Way To A Higher Stock Price
Sep 10Gates Industrial Corporation plc's (NYSE:GTES) Subdued P/E Might Signal An Opportunity
Jul 02Increases to CEO Compensation Might Be Put On Hold For Now at Gates Industrial Corporation plc (NYSE:GTES)
Jun 14Is Now An Opportune Moment To Examine Gates Industrial Corporation plc (NYSE:GTES)?
Jun 10Gates Industrial: Maintaining Robust Margin With Plans For Market Extension
Jun 09Does 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 04Gates Industrial: Encouraging Q3 Report Needed To Finally Create A Floor For The Stock
Nov 02Gates Industrial Corporation: Breaking Records And Driving Growth
Aug 14Financial Position Analysis
Short Term Liabilities: GTES's short term assets ($2.4B) exceed its short term liabilities ($795.6M).
Long Term Liabilities: GTES's short term assets ($2.4B) do not cover its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: GTES's net debt to equity ratio (52.2%) is considered high.
Reducing Debt: GTES's debt to equity ratio has reduced from 102.3% to 69.3% over the past 5 years.
Debt Coverage: GTES's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: GTES's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 15:35 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2023/12/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Gates Industrial Corporation plc is covered by 24 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Larkam | Arden Partners Plc. |
| Michael Halloran | Baird |
| Julian Mitchell | Barclays |