Gates Industrial (GTES) Interest Coverage Ratio (2017 - 2026)
Gates Industrial's Interest Coverage Ratio came in at 4.30 for Q3 2026, up 30.2% from 3.31 a year earlier but down 1.9% from the prior quarter.
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Analysis
Gates Industrial (GTES) Interest Coverage Ratio (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 26, 2026, Gates Industrial reported Interest Coverage Ratio of 3.91, up 6.8% year-over-year; for FY2025, it was 3.70, up 21.9% from FY2024.
- Interest Coverage Ratio has increased in each of the last three years.
- Going back by year, Interest Coverage Ratio was 3.03 in FY2024 (+7.5%), 2.82 in FY2023 (+2.3%), 2.75 in FY2022 (-24.0%) and 3.63 in FY2021.
- The five-year range for quarterly Interest Coverage Ratio is 2.10 (Q1 2022) to 14.81 (Q4 2021).
- Year-over-year, Interest Coverage Ratio increased in seven of the last eight quarters, with growth averaging 14.8%.
- The fastest year-over-year change in Interest Coverage Ratio over five years came in Q2 2025 (growth of 48.1%), and the weakest in Q4 2022 (a decline of 83.5%).
- Business Quant data shows GTES's Interest Coverage Ratio at 4.39 (Q2 2026), 3.68 (Q1 2026) and 3.32 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 8.21 |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 14.23 |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 2.81 |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 8.03 |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 8.19 |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | - |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | - |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 14.18 |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 153.72 |
| 10 | Gates Industrial | 6.30 Bn | 3.43 Bn | 383.30 Mn | 4.30 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 4.30 |
| Jun 27, 2026 | 4.39 |
| Mar 28, 2026 | 3.68 |
| Dec 31, 2025 | 3.32 |
| Sep 27, 2025 | 3.31 |
| Jun 28, 2025 | 4.02 |
| Mar 29, 2025 | 4.25 |
| Dec 28, 2024 | 3.22 |
| Sep 28, 2024 | 3.30 |
| Jun 29, 2024 | 2.71 |
| Mar 30, 2024 | 3.11 |
| Dec 30, 2023 | 3.07 |
| Sep 30, 2023 | 3.19 |
| Jul 1, 2023 | 2.90 |
| Apr 1, 2023 | 2.14 |
| Dec 31, 2022 | 2.45 |
| Oct 1, 2022 | 3.12 |
| Jul 2, 2022 | 3.42 |
| Apr 2, 2022 | 2.10 |
| Jan 1, 2022 | 14.81 |
API Access
Gates Industrial Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=GTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "GTES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=GTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();