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
Does Goodyear Tire & Rubber (NASDAQ:GT) Have A Healthy Balance Sheet?
Oct 11
Here's Why Goodyear Tire & Rubber (NASDAQ:GT) Is Weighed Down By Its Debt Load
Jul 12These 4 Measures Indicate That Goodyear Tire & Rubber (NASDAQ:GT) Is Using Debt In A Risky Way
Jan 19Does Goodyear Tire & Rubber (NASDAQ:GT) Have A Healthy Balance Sheet?
Sep 21Goodyear Tire & Rubber (NASDAQ:GT) Seems To Be Using A Lot Of Debt
Jun 11Recent updates
Goodyear: Forward Plan Isn't Likely To Fix Underlying Issues
Dec 12What Does The Goodyear Tire & Rubber Company's (NASDAQ:GT) Share Price Indicate?
Nov 24Does Goodyear Tire & Rubber (NASDAQ:GT) Have A Healthy Balance Sheet?
Oct 11Goodyear: Further Polishing Is Needed
Oct 02Goodyear Tire: Appeal Improves
Sep 06Why Investors Shouldn't Be Surprised By The Goodyear Tire & Rubber Company's (NASDAQ:GT) 26% Share Price Plunge
Aug 07Goodyear Tire & Rubber: Larger Macro Concerns Outshine Progress On Strategy (Downgrade)
Aug 02Here's Why Goodyear Tire & Rubber (NASDAQ:GT) Is Weighed Down By Its Debt Load
Jul 12Goodyear Tire & Rubber: Not Going To Be A Very Good Year
Jun 02Investors Don't See Light At End Of The Goodyear Tire & Rubber Company's (NASDAQ:GT) Tunnel
May 29Goodyear Tire & Rubber: Why I See At Least 50% Upside For The Stock
Mar 18Goodyear Tire & Rubber Company: At Bargain Levels Now With Multiple Upside Catalysts
Mar 04Goodyear Tire & Rubber Company: Still A Great Play Despite The Bumpy Ride
Feb 13Is It Time To Consider Buying The Goodyear Tire & Rubber Company (NASDAQ:GT)?
Feb 08Goodyear: Rolling Into 2024
Jan 30These 4 Measures Indicate That Goodyear Tire & Rubber (NASDAQ:GT) Is Using Debt In A Risky Way
Jan 19Improved Revenues Required Before The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Find Their Feet
Dec 31The Goodyear Tire & Rubber Company's (NASDAQ:GT) Intrinsic Value Is Potentially 30% Above Its Share Price
Oct 09Does Goodyear Tire & Rubber (NASDAQ:GT) Have A Healthy Balance Sheet?
Sep 21Is The Goodyear Tire & Rubber Company (NASDAQ:GT) Potentially Undervalued?
Jul 21A Look At The Fair Value Of The Goodyear Tire & Rubber Company (NASDAQ:GT)
Jul 03Goodyear Tire & Rubber (NASDAQ:GT) Seems To Be Using A Lot Of Debt
Jun 11Is It Too Late To Consider Buying The Goodyear Tire & Rubber Company (NASDAQ:GT)?
Dec 23The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Could Be 48% Below Their Intrinsic Value Estimate
Nov 20Financial Position Analysis
Short Term Liabilities: GT's short term assets ($8.9B) exceed its short term liabilities ($7.8B).
Long Term Liabilities: GT's short term assets ($8.9B) do not cover its long term liabilities ($9.8B).
Debt to Equity History and Analysis
Debt Level: GT's net debt to equity ratio (160.2%) is considered high.
Reducing Debt: GT's debt to equity ratio has increased from 127.7% to 178.7% over the past 5 years.
Debt Coverage: GT's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: GT's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 05:32 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
The Goodyear Tire & Rubber Company is covered by 31 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Coleman | Argus Research Company |
| Kristina Church | Barclays |
| Alexandru-Cristian Dirpes | Berenberg |