Gates Industrial Corporation plc (GTES) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.49B | 2.48B | 2.48B | 2.52B | 2.37B | 2.31B | 2.4B | 2.38B | 2.29B | 2.4B | 2.32B | 2.37B | 2.36B | 2.28B | 2.22B | 2.25B | 2.21B | 2.28B | 2.22B | 2.12B |
| Cash & Short-Term Investments | 785.3M | 812.1M | 689.4M | 719.7M | 640.2M | 682M | 574.4M | 579.7M | 522.2M | 724M | 556.8M | 565M | 594.9M | 581.4M | 395.3M | 393.2M | 406.8M | 660.9M | 540.6M | 473.3M |
| Cash Only | 785.3M | 812.1M | 689.4M | 719.7M | 640.2M | 682M | 574.4M | 579.7M | 522.2M | 724M | 556.8M | 565M | 594.9M | 581.4M | 395.3M | 393.2M | 406.8M | 660.9M | 540.6M | 473.3M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 799.6M | 744.2M | 879.7M | 865.8M | 821.3M | 722.7M | 811.8M | 862.4M | 841.9M | 798.6M | 871.9M | 914.6M | 866.4M | 821.6M | 868.2M | 881.9M | 823.5M | 727.2M | 848.7M | 879.6M |
| Days Sales Outstanding | 78.9 | 90.09 | 92.81 | 86.87 | 80.15 | 86.96 | 91.7 | 87.57 | 85.58 | 89.01 | 93.12 | 86.55 | 85.56 | 86.07 | 92.52 | 85.57 | 79.84 | 86.95 | 91.18 | 85.9 |
| Inventory | 685.7M | 700M | 718.1M | 729M | 700.7M | 676M | 724.6M | 696.5M | 677.2M | 647.2M | 646.1M | 644.4M | 659.1M | 656.2M | 686.6M | 695.5M | 718.3M | 682.6M | 650.5M | 588.5M |
| Days Inventory Outstanding | 117.48 | 131.33 | 128.07 | 124.26 | 120.43 | 133.23 | 130.65 | 118.36 | 111.9 | 113.19 | 110.89 | 101.63 | 104.52 | 104.74 | 114.09 | 110.8 | 109.5 | 113.34 | 108.06 | 93.3 |
| Other Current Assets | 218.8M | 225.2M | 197.8M | 207M | 205.8M | 225.3M | 289.7M | 237.9M | 245.8M | 231.5M | 243.1M | 250.4M | 236.4M | 218.2M | 266.8M | 276.4M | 0 | 208M | 183.2M | 181.1M |
| Total Non-Current Assets | 4.63B | 4.67B | 4.66B | 4.7B | 4.52B | 4.48B | 4.72B | 4.66B | 4.76B | 4.85B | 4.79B | 4.9B | 4.93B | 4.91B | 4.82B | 4.95B | 5.19B | 5.25B | 5.28B | 5.38B |
| Property, Plant & Equipment | 751.5M | 746.1M | 751.3M | 751.6M | 723.9M | 718.9M | 741.5M | 727.3M | 740.1M | 750.1M | 737M | 760M | 767.2M | 769.7M | 748.4M | 747.5M | 787.8M | 794.5M | 805.2M | 816.9M |
| Fixed Asset Turnover | 1.14x | 1.14x | 1.14x | 1.20x | 1.17x | 1.14x | 1.13x | 1.21x | 1.16x | 1.16x | 1.17x | 1.23x | 1.17x | 1.18x | 1.15x | 1.18x | 1.13x | 1.02x | 1.06x | 1.13x |
| Goodwill | 2.02B | 2.04B | 2.02B | 2.02B | 1.93B | 1.91B | 2B | 1.97B | 2.01B | 2.04B | 1.98B | 2.02B | 2.02B | 1.98B | 1.91B | 1.97B | 2.05B | 2.06B | 2.07B | 2.1B |
| Intangible Assets | 1.16B | 1.19B | 1.21B | 1.23B | 1.23B | 1.25B | 1.29B | 1.31B | 1.35B | 1.39B | 1.4B | 1.44B | 1.47B | 1.49B | 1.49B | 1.55B | 1.6B | 1.64B | 1.68B | 1.72B |
| Long-Term Investments | 0 | 21M | 25.1M | 24M | 0 | 0 | 0 | 47.4M | 53.6M | 54.1M | 50.1M | 57M | 22.9M | 32.7M | 51.4M | 26.1M | 33.4M | 7.7M | 1.8M | 1.3M |
| Other Non-Current Assets | 58.5M | 56.2M | 34.4M | 37.1M | 56.5M | 50.4M | 44.2M | -400K | -1.8M | 1.8M | 12.6M | 10.6M | 42.6M | 40M | 93.9M | 101.2M | 107.9M | 107.6M | 102.1M | 103.4M |
| Total Assets | 7.12B | 7.15B | 7.15B | 7.22B | 6.89B | 6.79B | 7.12B | 7.03B | 7.05B | 7.25B | 7.11B | 7.28B | 7.28B | 7.19B | 7.04B | 7.2B | 7.4B | 7.53B | 7.51B | 7.5B |
| Asset Turnover | 0.12x | 0.12x | 0.12x | 0.13x | 0.12x | 0.12x | 0.12x | 0.13x | 0.12x | 0.12x | 0.12x | 0.13x | 0.12x | 0.13x | 0.12x | 0.12x | 0.12x | 0.11x | 0.11x | 0.12x |
| Asset Growth % | 3.33% | 5.38% | 0.4% | 2.6% | -2.27% | -6.45% | 0.17% | -3.33% | -3.25% | 0.87% | 1% | 1.1% | -1.58% | -4.53% | -6.23% | -4.01% | 0.31% | 1.44% | 2.32% | 4.5% |
| Total Current Liabilities | 678.5M | 735.4M | 705.4M | 729.3M | 710.4M | 721.5M | 795.6M | 763.4M | 747.9M | 779.3M | 780.4M | 798.2M | 738.2M | 752.3M | 746.7M | 771.5M | 788.5M | 855.9M | 842.4M | 840.8M |
| Accounts Payable | 396.9M | 433.7M | 385.3M | 411.3M | 417M | 408.2M | 427.5M | 441.3M | 451.4M | 457.7M | 441.1M | 470.7M | 452.1M | 469.6M | 453.2M | 478.8M | 494.5M | 506.6M | 459.5M | 479.7M |
| Days Payables Outstanding | 70.42 | 75.85 | 70.5 | 71.99 | 72.18 | 79.49 | 79.88 | 76.91 | 76.81 | 78.66 | 78.35 | 71.95 | 73.24 | 71.98 | 76.93 | 76.27 | 78.25 | 82.14 | 81.91 | 76.3 |
| Short-Term Debt | 30.9M | 62.9M | 30.5M | 39.8M | 31.6M | 64.3M | 36.2M | 21.8M | 27.9M | 59.3M | 27.7M | 36.7M | 27.7M | 61.4M | 28.2M | 37.8M | 29.4M | 60.1M | 29.8M | 39.1M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 647.6M | 211.8M | 0 | 0 | 0 | 226.1M | 265.3M | 238.9M | 223.7M | 225.7M | 243.3M | 238.3M | 0 | 197.8M | 217.4M | 219.8M | 0 | 255.1M | 301.7M | 285M |
| Current Ratio | 3.67x | 3.37x | 3.52x | 3.46x | 3.33x | 3.20x | 3.02x | 3.11x | 3.06x | 3.08x | 2.97x | 2.97x | 3.19x | 3.03x | 2.97x | 2.91x | 2.80x | 2.66x | 2.64x | 2.52x |
| Quick Ratio | 2.66x | 2.42x | 2.50x | 2.46x | 2.35x | 2.26x | 2.11x | 2.20x | 2.15x | 2.25x | 2.14x | 2.17x | 2.30x | 2.15x | 2.05x | 2.01x | 1.89x | 1.86x | 1.87x | 1.82x |
| Cash Conversion Cycle | 125.96 | 145.57 | 150.39 | 139.14 | 128.39 | 140.69 | 142.48 | 129.01 | 120.67 | 123.54 | 125.66 | 116.23 | 116.83 | 118.83 | 129.67 | 120.09 | 111.09 | 118.15 | 117.33 | 102.9 |
| Total Non-Current Liabilities | 2.71B | 2.73B | 2.73B | 2.88B | 2.75B | 2.72B | 2.87B | 2.78B | 2.8B | 2.93B | 2.92B | 3.09B | 2.99B | 3B | 3.05B | 3.12B | 3.23B | 3.2B | 3.26B | 3.29B |
| Long-Term Debt | 135.5M | 2.32B | 2.2B | 2.3B | 2.31B | 2.31B | 2.34B | 2.31B | 2.31B | 2.42B | 2.42B | 2.52B | 2.42B | 2.43B | 2.47B | 2.53B | 2.57B | 2.53B | 2.54B | 2.56B |
| Capital Lease Obligations | 0 | 126.2M | 126.3M | 128.5M | 127.3M | 128.8M | 125.8M | 117.8M | 112M | 111.7M | 111.9M | 117.3M | 117.4M | 123.5M | 122.6M | 105.3M | 111.9M | 118.6M | 118.2M | 117.2M |
| Deferred Tax Liabilities | 43.8M | 49.3M | 58.1M | 52.1M | 50M | 56.8M | 101.8M | 106.4M | 114.3M | 119.4M | 165.5M | 176.5M | 183.7M | 192M | 210.5M | 224.6M | 267.7M | 283.7M | 302.8M | 311.4M |
| Other Non-Current Liabilities | 2.53B | 230.5M | 340.5M | 391.3M | 262.1M | 227.4M | 298.9M | 242.6M | 263.2M | 285.2M | 221.5M | 273.3M | 266.2M | 253.8M | 248.3M | 259.4M | 281.6M | 266.9M | 299.1M | 305.9M |
| Total Liabilities | 3.39B | 3.46B | 3.43B | 3.61B | 3.46B | 3.45B | 3.66B | 3.54B | 3.55B | 3.71B | 3.7B | 3.89B | 3.73B | 3.75B | 3.8B | 3.89B | 4.02B | 4.05B | 4.1B | 4.13B |
| Total Debt | 166.4M | 2.51B | 2.36B | 2.47B | 2.47B | 2.5B | 2.5B | 2.45B | 2.45B | 2.59B | 2.56B | 2.67B | 2.57B | 2.61B | 2.62B | 2.68B | 2.71B | 2.71B | 2.69B | 2.72B |
| Net Debt | -618.9M | 1.7B | 1.67B | 1.75B | 1.83B | 1.82B | 1.93B | 1.87B | 1.93B | 1.86B | 2B | 2.11B | 1.97B | 2.03B | 2.22B | 2.28B | 2.31B | 2.04B | 2.15B | 2.24B |
| Debt / Equity | 0.04x | 0.68x | 0.64x | 0.68x | 0.72x | 0.75x | 0.72x | 0.70x | 0.70x | 0.73x | 0.75x | 0.79x | 0.72x | 0.76x | 0.81x | 0.81x | 0.80x | 0.78x | 0.79x | 0.81x |
| Debt / EBITDA | 1.51x | 13.10x | 13.97x | 14.63x | 13.95x | 15.02x | 15.00x | 13.05x | 14.32x | 14.75x | 14.22x | 14.61x | 18.11x | 17.16x | 16.67x | 15.89x | 21.98x | 20.63x | 14.52x | 13.18x |
| Net Debt / EBITDA | -5.63x | 8.86x | 9.89x | 10.37x | 10.33x | 10.92x | 11.56x | 9.96x | 11.27x | 10.62x | 11.12x | 11.52x | 13.92x | 13.34x | 14.16x | 13.55x | 18.69x | 15.59x | 11.61x | 10.89x |
| Interest Coverage | 3.68x | 3.54x | 3.13x | 3.11x | 3.54x | 3.12x | 2.51x | 2.44x | 2.83x | 2.37x | 3.20x | 2.60x | 1.94x | 2.79x | 2.83x | 3.02x | 1.98x | 2.18x | 3.78x | 4.44x |
| Total Equity | 3.73B | 3.69B | 3.72B | 3.61B | 3.43B | 3.34B | 3.46B | 3.49B | 3.5B | 3.54B | 3.41B | 3.39B | 3.55B | 3.44B | 3.24B | 3.3B | 3.38B | 3.48B | 3.4B | 3.36B |
| Equity Growth % | 8.75% | 10.45% | 7.44% | 3.36% | -1.93% | -5.75% | 1.34% | 3.05% | -1.64% | 2.91% | 5.2% | 2.65% | 5.25% | -1.09% | -4.64% | -1.8% | 4.53% | 9.31% | 15.1% | 18.38% |
| Book Value per Share | - | 14.24 | 14.57 | 13.87 | 13.11 | 12.68 | 13.13 | 13.10 | 13.07 | 13.25 | 12.74 | 12.11 | 12.34 | 12.09 | 11.37 | 11.55 | 11.40 | 11.66 | 11.35 | 11.30 |
| Total Shareholders' Equity | 3.37B | 3.33B | 3.37B | 3.27B | 3.1B | 3.02B | 3.11B | 3.18B | 3.18B | 3.22B | 3.09B | 3.07B | 3.21B | 3.11B | 2.94B | 2.96B | 3B | 3.1B | 3.02B | 2.98B |
| Common Stock | 0 | 2.6M | 2.6M | 2.6M | 2.6M | 2.6M | 2.5M | 2.6M | 2.6M | 2.6M | 2.6M | 2.6M | 2.8M | 2.8M | 2.8M | 2.8M | 2.9M | 2.9M | 2.9M | 2.9M |
| Retained Earnings | 1.67B | 1.65B | 1.67B | 1.59B | 1.54B | 1.48B | 1.57B | 1.52B | 1.45B | 1.46B | 1.4B | 1.32B | 1.51B | 1.48B | 1.4B | 1.35B | 1.41B | 1.44B | 1.39B | 1.32B |
| Treasury Stock | 0 | -37.5M | 0 | 0 | -12.7M | 0 | -127.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -121.9M | 0 | 0 | 0 |
| Accumulated OCI | -925.4M | -917.1M | -928.3M | -940M | -1.05B | -1.08B | -942M | -949M | -865.9M | -828.5M | -886.4M | -825.9M | -857M | -917.8M | -997.8M | -914.8M | -805.4M | -825.2M | -849.4M | -805.9M |
| Minority Interest | 360.9M | 355.2M | 345.1M | 342.7M | 325.6M | 316.7M | 347.6M | 317.3M | 316.8M | 323.7M | 321.1M | 320.6M | 338.6M | 333.6M | 307.5M | 345.1M | 381.1M | 381.7M | 384.5M | 380.2M |