Gates Industrial Corporation
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Gates Industrial Corporation's balance sheet done over the years? Its assets were worth $7,254,500,000 last year, which is more than in the previous period. 51% of Gates Industrial Corporation’s total assets is currently financed by debt. Its liabilities reached the amount of $3,710,600,000, which means an decrease by -1% compared compared to last year.
Debt to Assets
| 2015 | 6565600000 | 5.37B | 81.84% |
|---|---|---|---|
| 2016 | 6383300000 | 5.31B | 83.26% |
| 2017 | 6853700000 | 5.42B | 79.16% |
| 2018 | 6722600000 | 4.38B | 65.29% |
| 2019 | 7411300000 | 4.40B | 59.38% |
| 2021 | 7426300000 | 4.24B | 57.11% |
| 2022 | 7533000000 | 4.05B | 53.78% |
| 2022 | 7191600000 | 3.74B | 52.12% |
| 2023 | 7254500000 | 3.71B | 51.15% |
GTES Balance Sheet (2015 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||
Current assets: | |||||||||
Cash and cash equivalents | 720.6M | 578.4M | 658.2M | 521.4M | 635.3M | 423.4M | 564.4M | 527.2M | 335.7M |
Short term investments | 0 | 33.3M | 0 | 0 | 0 | 0 | 0 | 2.6M | 3.5M |
Net receivables | 798.6M | 821.6M | 727.2M | 723.6M | 716.8M | 749.5M | 713.8M | 659.4M | 625.9M |
Inventory | 647.2M | 656.2M | 682.6M | 508.2M | 475.1M | 537.6M | 457.1M | 366.9M | 415.7M |
Other current assets | 234.9M | 221.2M | 210.7M | 153.4M | 131.4M | 131.4M | 90.9M | 67M | 66.4M |
Total current assets | 2.40B | 2.27B | 2.27B | 1.90B | 1.95B | 1.81B | 1.82B | 1.62B | 1.44B |
Non-current assets: | |||||||||
Property, Plant and Equipment | 750.1M | 769.7M | 794.5M | 825.9M | 850.9M | 756.3M | 686.2M | 599.6M | 660.6M |
Goodwill | 2.03B | 1.98B | 2.06B | 2.12B | 2.06B | 2.04B | 2.08B | 1.91B | 2.00B |
Intangible assets | 1.38B | 1.49B | 1.64B | 1.78B | 1.87B | 1.99B | 2.12B | 2.14B | 2.33B |
Long term investments | 54.1M | 32.7M | 91.2M | 95.8M | 61.1M | -439.5M | 600K | 3.9M | 4.1M |
Other non-current assets | 1.8M | 40M | 24.1M | 16.6M | 17.1M | 115.2M | -388.7M | 96.3M | 110.1M |
Total non-current assets | 4.85B | 4.91B | 5.25B | 5.51B | 5.45B | 4.90B | 5.02B | 4.75B | 5.11B |
Total assets | 7.25B | 7.19B | 7.53B | 7.42B | 7.41B | 6.72B | 6.85B | 6.38B | 6.56B |
Liabilities | |||||||||
| Current liabilities: | |||||||||
Accounts payable | |||||||||
Deferred revenue | 0 | -79.7M | 0 | 0 | 0 | 587M | 0 | 129.8M | 115.9M |
Short term debt | 36.5M | 36.6M | 38.1M | 42.7M | 46.1M | 51.6M | 66.4M | 47M | 88.4M |
Total current liabilities | 779.3M | 752.3M | 855.9M | 726.3M | 658.1M | 679M | 697.8M | 579.5M | 565.2M |
| Non-current liabilities: | |||||||||
Long term debt | 2.52B | 2.54B | 2.64B | 2.77B | 3.02B | 2.95B | 3.88B | 3.79B | 3.82B |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 286.3M | 255.4M | 59.2M | 121M | 84.7M | 79.2M | 321.1M | 25.2M | 39.3M |
Total non-current liabilities | 2.93B | 2.99B | 3.19B | 3.51B | 3.74B | 3.70B | 4.72B | 4.73B | 4.80B |
Total liabilities | 3.71B | 3.74B | 4.05B | 4.24B | 4.40B | 4.38B | 5.42B | 5.31B | 5.37B |
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