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 $8.2B, which brings its debt-to-equity ratio to 169.2%. Its total assets and total liabilities are $22.0B and $17.2B respectively. Goodyear Tire & Rubber's EBIT is $800.0M making its interest coverage ratio 1.8. It has cash and short-term investments of $789.0M.
Key information
169.2%
Debt to equity ratio
US$8.21b
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$789.00m |
| Equity | US$4.86b |
| Total liabilities | US$17.17b |
| Total assets | US$22.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GT *'s short term assets ($8.2B) exceed its short term liabilities ($7.7B).
Long Term Liabilities: GT *'s short term assets ($8.2B) do not cover its long term liabilities ($9.5B).
Debt to Equity History and Analysis
Debt Level: GT *'s net debt to equity ratio (152.9%) is considered high.
Reducing Debt: GT *'s debt to equity ratio has increased from 128.5% to 169.2% over the past 5 years.
Debt Coverage: GT *'s debt is not well covered by operating cash flow (11.5%).
Interest Coverage: GT *'s interest payments on its debt are not well covered by EBIT (1.8x coverage).