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Gates Industrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $28 Mil. Gates Industrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,425 Mil. Gates Industrial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $3,179 Mil. Gates Industrial's debt to equity for the quarter that ended in Mar. 2024 was 0.77.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Gates Industrial's Debt-to-Equity or its related term are showing as below:
During the past 10 years, the highest Debt-to-Equity Ratio of Gates Industrial was 5.55. The lowest was 0.77. And the median was 1.16.
The historical data trend for Gates Industrial's Debt-to-Equity 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.
Gates Industrial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial |
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1.16 | 1.01 | 0.87 | 0.83 | 0.80 |
Gates Industrial Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Debt-to-Equity | Get a 7-Day Free Trial |
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0.80 | 0.87 | 0.83 | 0.80 | 0.77 |
For the Specialty Industrial Machinery subindustry, Gates Industrial's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Industrial Products industry and Industrials sector, Gates Industrial's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Gates Industrial's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Gates Industrial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (36.5 | + | 2525.6) | / | 3220.2 | |
= | 0.80 |
Gates Industrial's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (27.9 | + | 2425.1) | / | 3178.6 | |
= | 0.77 |
* 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.
Gates Industrial (NYSE:GTES) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thank you for viewing the detailed overview of Gates Industrial's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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