Goodyear Tire & Rubber Co (STU:GTR) Debt-to-Equity : 1.85 (As of Dec. 2023)

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What is Goodyear Tire & Rubber Co Debt-to-Equity?

Goodyear Tire & Rubber Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €911 Mil. Goodyear Tire & Rubber Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7,021 Mil. Goodyear Tire & Rubber Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €4,281 Mil. Goodyear Tire & Rubber Co's debt to equity for the quarter that ended in Dec. 2023 was 1.85.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Goodyear Tire & Rubber Co's Debt-to-Equity or its related term are showing as below:

STU:GTR' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.19 Med: 1.59 Max: 2.23
Current: 1.85

During the past 13 years, the highest Debt-to-Equity Ratio of Goodyear Tire & Rubber Co was 2.23. The lowest was 1.19. And the median was 1.59.

STU:GTR's Debt-to-Equity is ranked worse than
91.23% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs STU:GTR: 1.85

Goodyear Tire & Rubber Co Debt-to-Equity Historical Data

The historical data trend for Goodyear Tire & Rubber Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Goodyear Tire & Rubber Co Debt-to-Equity Chart

Goodyear Tire & Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.50

2.23

1.68

1.85

Goodyear Tire & Rubber Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.68	1.91	1.93	1.94	1.85

Competitive Comparison of Goodyear Tire & Rubber Co's Debt-to-Equity

For the Auto Parts subindustry, Goodyear Tire & Rubber Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Goodyear Tire & Rubber Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Goodyear Tire & Rubber Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Goodyear Tire & Rubber Co's Debt-to-Equity falls into.

Goodyear Tire & Rubber Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goodyear Tire & Rubber Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(910.581	+	7020.552)	/	4280.556
	=	1.85

Goodyear Tire & Rubber Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(910.581	+	7020.552)	/	4280.556
	=	1.85

Goodyear Tire & Rubber Co (STU:GTR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Goodyear Tire & Rubber Co Debt-to-Equity Related Terms

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Goodyear Tire & Rubber Co (STU:GTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Goodyear Tire & Rubber Co (STU:GTR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GT:USA GT:Mexico GTR:Germany GYT:Austria

Address

200 Innovation Way, Akron, OH, USA, 44316-0001

Website

https://www.goodyear.com

Goodyear Tire & Rubber Co manufactures and sells a variety of rubber tires under the Goodyear brand name. The firm's tires are used for automobiles, trucks, buses, aircraft, motorcycles, mining equipment, farm equipment, and industrial equipment. The company operates its business through three operating segments representing its regional tire businesses: Americas; Europe, the Middle East, and Africa (EMEA); and the Asia Pacific.