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 $8.0B, which brings its debt-to-equity ratio to 166.8%. Its total assets and total liabilities are $22.0B and $17.2B respectively. Goodyear Tire & Rubber's EBIT is $582.0M making its interest coverage ratio 1.3. It has cash and short-term investments of $893.0M.
Key information
166.8%
Debt to equity ratio
US$8.00b
Debt
Interest coverage ratio | 1.3x |
Cash | US$893.00m |
Equity | US$4.80b |
Total liabilities | US$17.19b |
Total assets | US$21.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0QLL's short term assets ($8.1B) exceed its short term liabilities ($7.0B).
Long Term Liabilities: 0QLL's short term assets ($8.1B) do not cover its long term liabilities ($10.2B).
Debt to Equity History and Analysis
Debt Level: 0QLL's net debt to equity ratio (148.2%) is considered high.
Reducing Debt: 0QLL's debt to equity ratio has increased from 124.4% to 166.8% over the past 5 years.
Debt Coverage: 0QLL's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: 0QLL's interest payments on its debt are not well covered by EBIT (1.3x coverage).