Gates Industrial (Gates Industrial) Cash And Cash Equivalents

: $721 Mil (As of Dec. 2023)

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Gates Industrial's quarterly cash and cash equivalents declined from Jun. 2023 ($565.00 Mil) to Sep. 2023 ($556.80 Mil) but then increased from Sep. 2023 ($556.80 Mil) to Dec. 2023 ($720.60 Mil).

Gates Industrial's annual cash and cash equivalents declined from Dec. 2021 ($658.20 Mil) to Dec. 2022 ($578.40 Mil) but then increased from Dec. 2022 ($578.40 Mil) to Dec. 2023 ($720.60 Mil).

Gates Industrial Cash And Cash Equivalents Historical Data

The historical data trend for Gates Industrial's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gates Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

635.30

521.40

658.20

578.40

720.60

Gates Industrial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																578.40	594.90	565.00	556.80	720.60

Gates Industrial Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Gates Industrial (NYSE:GTES) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Gates Industrial Cash And Cash Equivalents Related Terms

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Gates Industrial (Gates Industrial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gates Industrial Corp PLC (NYSE:GTES) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

1JL:Germany

Address

1144 Fifteenth Street, Denver, CO, USA, 80202

Website

https://www.gates.com

Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. They are used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.

Executives

Omaha Aggregator (cayman) L.p.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-1 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Gwendolyn Ann Montgomery	officer: SVP, Global Human Resources	33587 WALKER RD, AVON LAKE OH 44012
Fredrik J Eliasson	director	500 WATER STREET, JACKSONVILLE FL 32202
Seth Meisel	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Wilson S Neely	director	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Bx Gates Ml-5 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-4 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-3 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-2 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Alicia L. Tillman	director	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Thomas G. Pitstick	officer: CMO & SVP Strategic Planning	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Peifang Zhang	director	21640 E. BRIARWOOD DR., AURORA CO 80016
James W Ireland	director	C/O GATES INTERNATIONAL CORPORATION PLC, 1144 15TH STREET, SUITE 1400, DENVER CO 80202