Goodyear Tire & Rubber Co (STU:GTR) Interest Expense : €-491 Mil (TTM As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Goodyear Tire & Rubber Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Goodyear Tire & Rubber Co's interest expense for the three months ended in Mar. 2024 was € -116 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-491 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Goodyear Tire & Rubber Co's Operating Income for the three months ended in Mar. 2024 was € 95 Mil. Goodyear Tire & Rubber Co's Interest Expense for the three months ended in Mar. 2024 was € -116 Mil. Goodyear Tire & Rubber Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.82. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Goodyear Tire & Rubber Co Interest Expense Historical Data

The historical data trend for Goodyear Tire & Rubber Co's Interest Expense 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 Interest Expense Chart

Goodyear Tire & Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-306.00

-266.33

-342.50

-425.74

-487.84

Goodyear Tire & Rubber Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-118.62	-127.37	-129.31	-118.29	-115.92

Goodyear Tire & Rubber Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-491 Mil.

Goodyear Tire & Rubber Co (STU:GTR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Goodyear Tire & Rubber Co's Interest Expense for the three months ended in Mar. 2024 was €-116 Mil. Its Operating Income for the three months ended in Mar. 2024 was €95 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €7,658 Mil.

Goodyear Tire & Rubber Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	94.76	/	-115.92
	=	0.82

The higher the ratio, the stronger the company's financial strength is.

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

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Goodyear Tire & Rubber Co (STU:GTR) » Definitions » Interest Expense

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.