Gates Industrial Corporation plc

Gates Industrial Corporation plcverified

GTES

Price:

$18.34

Market Cap:

$5.16B

Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. It operates in two segments, Power Transmission and Fluid Power. The company offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts, as well as related components, such as sprockets, pulleys, water pumps, tensioners, or other accessories; solutions for stationary and mobile drives, engine systems, personal mobility, and vertical lifts application platforms; metal drive components; and kits for automotive replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, engine systems, and ...[Read more]

Industry

Industrial - Machinery

IPO Date

2018-01-25

Stock Exchange

NYSE

Ticker

GTES

The Current Ratio as of October 2024 (TTM) for Gates Industrial Corporation plc (GTES) is 3.11

According to Gates Industrial Corporation plc’s latest financial reports and current stock price. The company's current Current Ratio is 3.11. This represents a change of 1.88% compared to the average of 3.06 of the last 4 quarters.

Gates Industrial Corporation plc (GTES) Historical Current Ratio (quarterly & annually)

How has GTES Current Ratio performed in the past?

The mean historical Current Ratio of Gates Industrial Corporation plc over the last ten years is 2.50. The current 3.11 Current Ratio has changed 12.34% with respect to the historical average. Over the past ten years (40 quarters), GTES's Current Ratio was at its highest in in the September 2019 quarter at 3.20. The Current Ratio was at its lowest in in the April 2016 quarter at 0.

Quarterly (TTM)
Annual

Average

2.50

Median

2.67

Minimum

0

Maximum

3.08

Gates Industrial Corporation plc (GTES) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Gates Industrial Corporation plc Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 3.08

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.081.79%
20223.0313.71%
20222.661.42%
20212.63-11.80%
20192.9811.36%
20182.672.12%
20172.62-6.65%
20162.809.49%
20152.56Infinity%
20140-100.00%

Gates Industrial Corporation plc (GTES) Average Current Ratio

How has GTES Current Ratio performed in the past?

The current Current Ratio of Gates Industrial Corporation plc (GTES) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.92

5-year avg

2.87

10-year avg

2.50

Gates Industrial Corporation plc (GTES) Current Ratio vs. Peers

How is GTES’s Current Ratio compared to its peers?

Gates Industrial Corporation plc’s Current Ratio is greater than Crane NXT, Co. (1.20), greater than Donaldson Company, Inc. (1.84), greater than CIRCOR International, Inc. (2.29), greater than ITT Inc. (1.55), greater than Franklin Electric Co., Inc. (2.65), less than John Bean Technologies Corporation (0), greater than Helios Technologies, Inc. (2.54), greater than The Gorman-Rupp Company (2.92), greater than Graco Inc. (2.45), less than IDEX Corporation (4.21), less than Ingersoll Rand Inc. (3.41), greater than Tennant Company (2.18), greater than Omega Flex, Inc. (2.17), less than Luxfer Holdings PLC (5.69), greater than null (2.39),

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