Company / Interest Expense
Gates Corporation Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$133.5M
FY2023
5-year range
$133.5M / $157.8M
FY2019-FY2023
Trend
-13.5%
vs FY2022
Sector context
#22 of 111
Industrials
What the data says
Gates Corporation's interest expense of $134M is higher than 80% of companies in the Industrials sector (FY2023). Interest Expense has declined for 3 consecutive years, from $176M in FY2020 to $134M in FY2023.
Based on SEC 10-K filings.
$134M in FY2023 with a 5-year CAGR of -5.4%. Top quartile in the Industrials sector.
Improved from $158M to $134M over the past 2 years.
Industrials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- -8.8%
- 5-Year CAGR
- -5.4%
- 10-Year CAGR
- -
Sector benchmark
Bottom 20% in IndustrialsTop 80% of 111This company $133.5M Sector average $108.8M
▼
+22.8% above sector average
Key checks
Key Insights
- Gates Corporation's interest expense has declined for 3 consecutive years.
- 5-year CAGR of -5.4%, indicating a declining trend.
- In FY2023, interest expense decreased 13.5% year-over-year.
- Ranks #22 out of 111 companies in the Industrials sector.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $133.5M | -13.5% |
| FY2022 | $154.3M | -2.2% |
| FY2021 | $157.8M | -10.3% |
| FY2020 | $175.9M | +11.5% |
| FY2019 | $157.8M | -10.3% |
| FY2018 | $175.9M | -25.0% |
| FY2017 | $234.6M | +8.5% |
| FY2016 | $216.3M | - |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026