Gates Industrial Corporation plc (GTES)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,311,500 | 2,415,000 | 2,426,400 | 2,526,500 | 2,666,000 |
| Total assets | US$ in thousands | 6,786,300 | 7,254,500 | 7,191,600 | 7,533,000 | 7,426,300 |
| Debt-to-assets ratio | 0.34 | 0.33 | 0.34 | 0.34 | 0.36 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,311,500K ÷ $6,786,300K
= 0.34
The debt-to-assets ratio for Gates Industrial Corporation plc has shown a gradual decline over the past five years, starting at 0.36 in December 2020 and reaching 0.34 in December 2021, remaining at the same level in December 2022, decreasing slightly to 0.33 in December 2023, and then rising back to 0.34 in December 2024. This indicates that the company has been able to manage its debt levels relative to its total assets effectively, with a lower ratio suggesting lower financial risk and greater financial stability. Overall, the trend in the debt-to-assets ratio reflects a consistent and prudent approach to debt management by Gates Industrial Corporation plc.
Peer comparison
Dec 31, 2024