Gates Industrial (GTES) Interest Coverage Ratio (2017 - 2026)
Gates Industrial (GTES) reported Interest Coverage Ratio of 3.68 for Q1 2026, down 13.52% year-over-year from 4.25 in Q1 2025, and up 10.64% quarter-over-quarter from 3.32 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 3.68 in Q1 2026.
- Interest Coverage Ratio for Q1 2026 came in at 3.68, down 13.52% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.56 (up 8.66% YoY), and the FY2025 annual result was 3.7, up 21.94% from the prior year.
- Interest Coverage Ratio grew to 3.68 in Q1 2026 per GTES's latest filing, from 3.32 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 14.81 in Q1 2022 and troughed at 2.1 in Q2 2022.
- A 5-year average of 3.78 and a median of 3.2 in 2023 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2022 and 2025: Interest Coverage Ratio slumped 83.48% in 2022, then surged 48.1% in 2025.
- A 5-year view of Interest Coverage Ratio shows it stood at 2.45 in 2022, then grew by 25.37% to 3.07 in 2023, then gained by 4.87% to 3.22 in 2024, then advanced by 3.27% to 3.32 in 2025, then climbed by 10.64% to 3.68 in 2026.
- Business Quant data shows GTES's Interest Coverage Ratio at 3.68 in Q1 2026, 3.32 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 | 251.14 Bn | 242.11 Bn | 1.78 Bn | -6.39 |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 11.06 |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 11.44 |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 12.49 |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | - |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 13.97 |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 24.63 |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 12.97 |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 10.36 |
| 10 | Gates Industrial | 6.51 Bn | 6.08 Bn | 338.00 Mn | 3.68 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Oct 2, 2021 | 3.94 |
| Jul 3, 2021 | 4.48 |