Gates Industrial (GTES) Interest Coverage Ratio (2017 - 2026)
Gates Industrial's (GTES) quarterly Interest Coverage Ratio came in at 3.43 in Q1 2026, little changed year-on-year from 3.45 in Q1 2025, and down 4.86% on a QoQ basis from 3.61 in Q4 2025.
Gates Industrial (GTES) Interest Coverage Ratio (2017 - 2026) Analysis & Trends
Gates Industrial (GTES) has 10 years of Interest Coverage Ratio data on file, last reported at 3.43 in Q1 2026.
- On a quarterly basis, Interest Coverage Ratio changed 0.35% year-over-year to 3.43 in Q1 2026; TTM through Mar 2026 was 3.37, a 7.59% increase from a year earlier, with the FY2025 full-year figure at 0.37, down 3.74% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 3.43, down from 3.61 in the prior quarter.
- Over the last five years, Interest Coverage Ratio for GTES reached as high as 14.81 in Q1 2022 and fell as low as 1.82 in Q2 2022.
- Historically, Interest Coverage Ratio has averaged 3.87 across 5 years, with a median of 3.3 in 2024.
- Across the five-year window, Interest Coverage Ratio plunged 66.2% in 2022 and surged 39.85% in 2025, its largest moves.
- Year by year, Interest Coverage Ratio stood at 5.01 in 2022, then dropped by 19.67% to 4.02 in 2023, then decreased by 19.98% to 3.22 in 2024, then rose by 12.22% to 3.61 in 2025, then decreased by 4.86% to 3.43 in 2026.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 3.43 in Q1 2026, 3.61 in Q4 2025, and 3.31 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | -8.95 |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 11.06 |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 2.14 |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 1.49 |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | - |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 13.97 |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 24.63 |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 6.58 |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 4.54 |
| 10 | Gates Industrial | 6.83 Bn | 6.05 Bn | 338.00 Mn | 3.43 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 3.43 |
| Dec 31, 2025 | 3.61 |
| Sep 27, 2025 | 3.31 |
| Jun 28, 2025 | 3.80 |
| Mar 29, 2025 | 3.45 |
| Dec 28, 2024 | 3.22 |
| Sep 28, 2024 | 3.30 |
| Jun 29, 2024 | 2.71 |
| Mar 30, 2024 | 2.56 |
| Dec 30, 2023 | 4.02 |
| Sep 30, 2023 | 3.19 |
| Jul 1, 2023 | 2.90 |
| Apr 1, 2023 | 1.90 |
| Dec 31, 2022 | 5.01 |
| Oct 1, 2022 | 3.12 |
| Jul 2, 2022 | 3.42 |
| Apr 2, 2022 | 1.82 |
| Jan 1, 2022 | 14.81 |
| Oct 2, 2021 | 3.94 |
| Jul 3, 2021 | 4.48 |