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
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 11These 4 Measures Indicate That Goodyear Tire & Rubber (NASDAQ:GT) Is Using Debt Extensively
Oct 19Recent updates
Why 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 20These 4 Measures Indicate That Goodyear Tire & Rubber (NASDAQ:GT) Is Using Debt Extensively
Oct 19The Goodyear Tire & Rubber Is Bouncing Strong In The EV Industry
Sep 27Is Now An Opportune Moment To Examine The Goodyear Tire & Rubber Company (NASDAQ:GT)?
Sep 13Financial 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).