Gates Industrial Corporation plc (GTES)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,311,500 | 2,341,500 | 2,310,300 | 2,313,100 | 2,415,000 | 2,417,700 | 2,520,600 | 2,423,300 | 2,426,400 | 2,467,100 | 2,533,900 | 2,573,200 | 2,526,500 | 2,542,000 | 2,559,600 | 2,629,800 | 2,666,000 | 2,927,800 | 2,906,900 | 2,901,900 |
| Total assets | US$ in thousands | 6,786,300 | 7,121,500 | 7,034,800 | 7,045,900 | 7,254,500 | 7,109,300 | 7,276,900 | 7,282,400 | 7,191,600 | 7,038,700 | 7,198,000 | 7,399,100 | 7,533,000 | 7,506,000 | 7,498,900 | 7,376,400 | 7,426,300 | 7,335,700 | 7,176,300 | 7,184,800 |
| Debt-to-assets ratio | 0.34 | 0.33 | 0.33 | 0.33 | 0.33 | 0.34 | 0.35 | 0.33 | 0.34 | 0.35 | 0.35 | 0.35 | 0.34 | 0.34 | 0.34 | 0.36 | 0.36 | 0.40 | 0.41 | 0.40 |
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 of Gates Industrial Corporation plc has been relatively stable over the past few years, ranging between 0.33 and 0.41. As of December 31, 2024, the ratio stands at 0.34, indicating that 34% of the company's assets are financed by debt. This suggests that Gates Industrial Corporation plc maintains a conservative level of debt relative to its total assets, which may signify a lower financial risk and potential for financial stability. The slight fluctuations in the ratio over the period analyzed may reflect changes in the company's capital structure or management of debt levels to support its operations and growth strategies.
Peer comparison
Dec 31, 2024