Gates Interest Expense vs Net Income Analysis

GTES Stock  USD 17.71  0.03  0.17%   
Gates Industrial financial indicator trend analysis is much more than just examining Gates Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gates Industrial is a good investment. Please check the relationship between Gates Industrial Interest Expense and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gates Industrial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Gates Stock please use our How to Invest in Gates Industrial guide.

Interest Expense vs Net Income

Interest Expense vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gates Industrial Interest Expense account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Gates Industrial's Interest Expense and Net Income is -0.38. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Net Income in the same time period over historical financial statements of Gates Industrial, assuming nothing else is changed. The correlation between historical values of Gates Industrial's Interest Expense and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Gates Industrial are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Interest Expense i.e., Gates Industrial's Interest Expense and Net Income go up and down completely randomly.

Correlation Coefficient

-0.38
Relationship DirectionNegative 
Relationship StrengthInsignificant

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Gates Industrial financial statement analysis. It represents the amount of money remaining after all of Gates Industrial operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Gates Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gates Industrial current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gates Industrial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Gates Stock please use our How to Invest in Gates Industrial guide.At this time, Gates Industrial's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 890.5 M in 2024, whereas Discontinued Operations is likely to drop (483 K) in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense133.5M139.4M163.2M135.9M
Depreciation And Amortization233.4M243.1M217.5M195.4M

Gates Industrial fundamental ratios Correlations

-0.570.55-0.17-0.52-0.420.52-0.55-0.430.10.54-0.41-0.53-0.58-0.250.36-0.350.53-0.58-0.65-0.6-0.250.510.55-0.45-0.41
-0.57-0.880.530.870.88-0.810.920.93-0.18-0.880.880.830.80.62-0.860.88-0.890.790.780.750.74-0.87-0.870.810.78
0.55-0.88-0.29-0.89-0.960.94-0.99-0.860.080.99-0.94-0.91-0.78-0.280.84-0.871.0-0.78-0.91-0.52-0.880.991.0-0.96-0.91
-0.170.53-0.290.440.43-0.420.430.31-0.66-0.350.530.330.540.31-0.610.62-0.320.540.270.170.16-0.33-0.330.250.35
-0.520.87-0.890.440.89-0.910.910.76-0.3-0.910.90.980.860.23-0.740.83-0.890.860.870.560.76-0.88-0.90.840.93
-0.420.88-0.960.430.89-0.950.980.88-0.1-0.980.990.910.820.27-0.910.95-0.970.820.870.440.93-0.97-0.970.970.91
0.52-0.810.94-0.42-0.91-0.95-0.96-0.750.160.96-0.95-0.93-0.87-0.070.79-0.860.94-0.87-0.95-0.39-0.810.950.96-0.94-0.94
-0.550.92-0.990.430.910.98-0.960.87-0.14-0.990.970.920.840.31-0.890.92-0.990.840.910.530.86-0.99-0.990.950.91
-0.430.93-0.860.310.760.88-0.750.870.12-0.850.840.770.670.62-0.830.84-0.870.670.740.690.87-0.84-0.840.840.71
0.1-0.180.08-0.66-0.3-0.10.16-0.140.120.09-0.19-0.18-0.14-0.030.15-0.220.09-0.14-0.1-0.10.170.10.110.04-0.25
0.54-0.880.99-0.35-0.91-0.980.96-0.99-0.850.09-0.96-0.93-0.85-0.230.87-0.90.99-0.85-0.92-0.48-0.890.990.99-0.97-0.91
-0.410.88-0.940.530.90.99-0.950.970.84-0.19-0.960.90.850.24-0.920.97-0.950.850.850.390.89-0.96-0.950.940.9
-0.530.83-0.910.330.980.91-0.930.920.77-0.18-0.930.90.860.14-0.710.81-0.90.860.920.490.83-0.9-0.920.880.93
-0.580.8-0.780.540.860.82-0.870.840.67-0.14-0.850.850.860.12-0.780.82-0.781.00.820.390.66-0.79-0.810.790.74
-0.250.62-0.280.310.230.27-0.070.310.62-0.03-0.230.240.140.12-0.440.38-0.30.120.080.770.22-0.25-0.240.180.09
0.36-0.860.84-0.61-0.74-0.910.79-0.89-0.830.150.87-0.92-0.71-0.78-0.44-0.980.86-0.78-0.66-0.38-0.80.860.84-0.84-0.71
-0.350.88-0.870.620.830.95-0.860.920.84-0.22-0.90.970.810.820.38-0.98-0.890.820.730.410.84-0.9-0.870.880.79
0.53-0.891.0-0.32-0.89-0.970.94-0.99-0.870.090.99-0.95-0.9-0.78-0.30.86-0.89-0.78-0.9-0.52-0.891.01.0-0.97-0.91
-0.580.79-0.780.540.860.82-0.870.840.67-0.14-0.850.850.861.00.12-0.780.82-0.780.820.390.66-0.79-0.80.790.74
-0.650.78-0.910.270.870.87-0.950.910.74-0.1-0.920.850.920.820.08-0.660.73-0.90.820.490.76-0.9-0.930.880.86
-0.60.75-0.520.170.560.44-0.390.530.69-0.1-0.480.390.490.390.77-0.380.41-0.520.390.490.32-0.48-0.510.420.41
-0.250.74-0.880.160.760.93-0.810.860.870.17-0.890.890.830.660.22-0.80.84-0.890.660.760.32-0.88-0.870.920.79
0.51-0.870.99-0.33-0.88-0.970.95-0.99-0.840.10.99-0.96-0.9-0.79-0.250.86-0.91.0-0.79-0.9-0.48-0.881.0-0.98-0.91
0.55-0.871.0-0.33-0.9-0.970.96-0.99-0.840.110.99-0.95-0.92-0.81-0.240.84-0.871.0-0.8-0.93-0.51-0.871.0-0.97-0.93
-0.450.81-0.960.250.840.97-0.940.950.840.04-0.970.940.880.790.18-0.840.88-0.970.790.880.420.92-0.98-0.970.88
-0.410.78-0.910.350.930.91-0.940.910.71-0.25-0.910.90.930.740.09-0.710.79-0.910.740.860.410.79-0.91-0.930.88
Click cells to compare fundamentals

Gates Industrial Account Relationship Matchups

Gates Industrial fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding291.6M292.1M297.3M287.6M275.6M232.2M
Total Assets7.4B7.4B7.5B7.2B7.3B7.7B
Short Long Term Debt Total3.1B2.8B2.7B2.6B2.6B2.5B
Other Current Liab237.3M266.2M311.2M325.8M248.5M173.7M
Total Current Liabilities658.1M726.3M855.9M752.3M779.3M769.2M
Total Stockholder Equity2.7B2.8B3.1B3.1B3.2B2.4B
Other Liab682M735.4M552.8M425.3M382.8M590.5M
Net Tangible Assets(1.3B)(1.1B)(605.5M)(361.5M)(415.7M)(436.5M)
Property Plant And Equipment Net850.9M825.9M794.5M769.7M750.1M818.1M
Net Debt2.4B2.3B2.0B2.0B1.8B2.1B
Retained Earnings1.1B1.2B1.4B1.5B1.5B860.3M
Accounts Payable374.7M417.4M506.6M469.6M457.7M443.6M
Cash635.3M521.4M658.2M578.4M720.6M606.8M
Non Current Assets Total5.5B5.5B5.3B4.9B4.9B5.6B
Non Currrent Assets Other17.1M16.6M24.1M40M28.8M51.3M
Other Assets665.3M785M754.6M640.3M736.3M449.0M
Long Term Debt2.9B2.7B2.5B2.4B2.4B2.4B
Cash And Short Term Investments635.3M521.4M658.2M578.4M720.6M607.5M
Net Receivables716.8M723.6M727.2M821.6M798.6M798.9M
Good Will2.1B2.1B2.1B2.0B2.0B2.2B
Long Term Debt Total2.9B2.7B2.5B2.4B2.2B2.5B
Liabilities And Stockholders Equity7.4B7.4B7.5B7.2B7.3B7.7B
Non Current Liabilities Total3.7B3.5B3.2B3.0B2.9B3.1B
Capital Surpluse2.4B2.5B2.5B2.5B2.9B2.4B
Inventory475.1M508.2M682.6M656.2M647.2M580.1M
Other Stockholder Equity2.4B2.5B2.5B2.5B2.6B2.4B
Total Liab4.4B4.2B4.1B3.7B3.7B3.6B
Long Term Investments23M26.5M15.7M15.1M17.4M12.4M
Property Plant And Equipment Gross850.9M825.9M794.5M769.7M1.5B910.6M
Short Long Term Debt46.1M42.7M38.1M36.6M36.5M40.3M
Total Current Assets2.0B1.9B2.3B2.3B2.4B2.1B
Accumulated Other Comprehensive Income(858.4M)(805.4M)(825.2M)(917.8M)(828.5M)(869.9M)
Short Term Debt46.1M42.7M38.1M36.6M36.5M40.3M
Intangible Assets1.9B1.8B1.6B1.5B1.4B1.5B
Property Plant Equipment850.9M825.9M794.5M769.7M885.2M817.3M
Non Current Liabilities Other84.7M488.6M59.2M377.3M123.1M178.8M

Gates Industrial Investors Sentiment

The influence of Gates Industrial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Gates. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Gates Industrial's public news can be used to forecast risks associated with an investment in Gates. The trend in average sentiment can be used to explain how an investor holding Gates can time the market purely based on public headlines and social activities around Gates Industrial. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Gates Industrial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Gates Industrial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Gates Industrial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Gates Industrial.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Gates Industrial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Gates Industrial's short interest history, or implied volatility extrapolated from Gates Industrial options trading.

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When determining whether Gates Industrial is a strong investment it is important to analyze Gates Industrial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gates Industrial's future performance. For an informed investment choice regarding Gates Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gates Industrial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Gates Stock please use our How to Invest in Gates Industrial guide.
Note that the Gates Industrial information on this page should be used as a complementary analysis to other Gates Industrial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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Is Gates Industrial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gates Industrial. If investors know Gates will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gates Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.23)
Earnings Share
0.84
Revenue Per Share
13.132
Quarterly Revenue Growth
(0.03)
Return On Assets
0.0416
The market value of Gates Industrial is measured differently than its book value, which is the value of Gates that is recorded on the company's balance sheet. Investors also form their own opinion of Gates Industrial's value that differs from its market value or its book value, called intrinsic value, which is Gates Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gates Industrial's market value can be influenced by many factors that don't directly affect Gates Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gates Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gates Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gates Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.