Goodyear Tire & Rubber Balance Sheet Health
Financial Health criteria checks 1/6
Goodyear Tire & Rubber has a total shareholder equity of $4.9B and total debt of $8.8B, which brings its debt-to-equity ratio to 178.7%. Its total assets and total liabilities are $22.5B and $17.6B respectively. Goodyear Tire & Rubber's EBIT is $788.0M making its interest coverage ratio 1.8. It has cash and short-term investments of $905.0M.
Key information
178.7%
Debt to equity ratio
US$8.76b
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$905.00m |
| Equity | US$4.90b |
| Total liabilities | US$17.65b |
| Total assets | US$22.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GYT's short term assets ($8.9B) exceed its short term liabilities ($7.8B).
Long Term Liabilities: GYT's short term assets ($8.9B) do not cover its long term liabilities ($9.8B).
Debt to Equity History and Analysis
Debt Level: GYT's net debt to equity ratio (160.2%) is considered high.
Reducing Debt: GYT's debt to equity ratio has increased from 127.7% to 178.7% over the past 5 years.
Debt Coverage: GYT's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: GYT's interest payments on its debt are not well covered by EBIT (1.8x coverage).