Goodyear Tire & Rubber Balance Sheet Health
Financial Health criteria checks 1/6
Goodyear Tire & Rubber has a total shareholder equity of $4.8B and total debt of $7.4B, which brings its debt-to-equity ratio to 152.1%. Its total assets and total liabilities are $21.6B and $16.7B respectively. Goodyear Tire & Rubber's EBIT is $534.0M making its interest coverage ratio 1.2. It has cash and short-term investments of $902.0M.
Key information
152.1%
Debt to equity ratio
US$7.36b
Debt
Interest coverage ratio | 1.2x |
Cash | US$902.00m |
Equity | US$4.84b |
Total liabilities | US$16.75b |
Total assets | US$21.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GTR's short term assets ($7.7B) exceed its short term liabilities ($7.1B).
Long Term Liabilities: GTR's short term assets ($7.7B) do not cover its long term liabilities ($9.6B).
Debt to Equity History and Analysis
Debt Level: GTR's net debt to equity ratio (133.4%) is considered high.
Debt Coverage: GTR's debt is not well covered by operating cash flow (14%).
Interest Coverage: GTR's interest payments on its debt are not well covered by EBIT (1.2x coverage).