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Gates Industrial Corp Ltd. balance sheet

At the end of fiscal 2025, Gates Industrial Corp Ltd. had total assets of $7.15bn, total liabilities of $3.46bn and shareholders' equity of $3.33bn. It held $812m in cash against $2.24bn of debt: net debt of $1.43bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Jan 20212021Jan 20222022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents529564423635521658578721682812831
Receivables—714742695695708809768723744886
Inventory—457538475508683656647676700813
Total current assets—1,8261,8151,9591,9072,2792,2772,4012,3062,4822,760
Goodwill1,9122,0862,0462,0612,1202,0631,9812,0391,9092,0352,026
Total assets—6,8546,7237,4117,4267,5337,1927,2556,7867,1517,435
Total current liabilities—698679658726856752779722735810
Short-term debt—66524643383737393630
Long-term debt—3,8892,9532,9122,6662,5272,4262,4152,3122,1962,191
Total debt03,9883,0272,9852,7212,5792,4912,4722,3642,2402,231
Total liabilities—5,4254,3894,4014,2414,0523,7483,7113,4463,4623,494
Shareholders' equity1,0681,0151,9472,6512,8063,1003,1103,2203,0243,3343,559
Non-controlling interests and other (assets − liabilities − equity)—414386360379382334324317355382
Net debt (negative = net cash)−5293,4242,6042,3502,1991,9211,9131,7511,6821,4281,400
Shares outstanding246m245m290m290m291m291m283m264m255m254m251m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Gates Industrial Corp Ltd.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Gates Industrial Corp Ltd.