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
These 4 Measures Indicate That Goodyear Tire & Rubber (NASDAQ:GT) Is Using Debt In A Risky Way
Jan 19
Does 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 19These 4 Measures Indicate That Goodyear Tire & Rubber (NASDAQ:GT) Is Using Debt Extensively
Jun 26Recent updates
Goodyear 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 13Should You Be Adding Goodyear Tire & Rubber (NASDAQ:GT) To Your Watchlist Today?
Aug 08Goodyear Tire: An Illusory Bargain
Aug 01Goodyear's Share Price Looks Set To Gain Traction After Significant Recent Selling
Jul 18These 4 Measures Indicate That Goodyear Tire & Rubber (NASDAQ:GT) Is Using Debt Extensively
Jun 26At US$12.68, Is The Goodyear Tire & Rubber Company (NASDAQ:GT) Worth Looking At Closely?
May 30The Goodyear Tire & Rubber: Taking The Firm For A Spin Before Q1 2022 Earnings
May 04Financial Position Analysis
Short Term Liabilities: GT's short term assets ($7.7B) exceed its short term liabilities ($7.1B).
Long Term Liabilities: GT's short term assets ($7.7B) do not cover its long term liabilities ($9.6B).
Debt to Equity History and Analysis
Debt Level: GT's net debt to equity ratio (133.4%) is considered high.
Reducing Debt: GT's debt to equity ratio has increased from 113.7% to 152.1% over the past 5 years.
Debt Coverage: GT's debt is not well covered by operating cash flow (14%).
Interest Coverage: GT's interest payments on its debt are not well covered by EBIT (1.2x coverage).