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.
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 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
| 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 |
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_KEY
import 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();