Is it safe?
Can GTES take a bad year?
Gates Industrial Corporation plc carries $1.44B of net debt at 2.17× EBITDA: a load its earnings can carry.
$1.44B
Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.17×
Net debt / EBITDA · 2.43× a year ago · the load is coming down
- Altman Z-score
- 2.59
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 3.56×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ1 2026
- $2.23B
- Cash and short-term investments
- $785M
- Net debt
- $1.44B
- EBITDA, trailing twelve months
- $667M
- Operating profit, trailing twelve months
- $449M
- Debt / equity
- 0.66×
- Total debt / EBITDA
- 3.34×
- Annualised volatilitytwo years of daily moves
- 40%
- Worst drawdown on file
- −70%
- Below its 52-week high
- −11%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Specialty Industrial Machinery
Ranks #39 of 44 by Smart Score