Goodyear Tire & Rubber Co (Goodyear Tire & Rubber Co) LT-Debt-to-Total-Asset : 0.36 (As of Dec. 2023)

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What is Goodyear Tire & Rubber Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Goodyear Tire & Rubber Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.36.

Goodyear Tire & Rubber Co's long-term debt to total assets ratio declined from Dec. 2022 (0.36) to Dec. 2023 (0.36). It may suggest that Goodyear Tire & Rubber Co is progressively becoming less dependent on debt to grow their business.

Goodyear Tire & Rubber Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Goodyear Tire & Rubber Co's LT-Debt-to-Total-Asset 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.

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Goodyear Tire & Rubber Co LT-Debt-to-Total-Asset Chart

Goodyear Tire & Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.37

0.35

0.36

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.39	0.39	0.39	0.36

Goodyear Tire & Rubber Co LT-Debt-to-Total-Asset Calculation

Goodyear Tire & Rubber Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	7656	/	21582
	=	0.35

Goodyear Tire & Rubber Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	7656	/	21582
	=	0.35

Goodyear Tire & Rubber Co (NAS:GT) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Goodyear Tire & Rubber Co LT-Debt-to-Total-Asset Related Terms

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Goodyear Tire & Rubber Co (Goodyear Tire & Rubber Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Goodyear Tire & Rubber Co (NAS:GT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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.

Executives

Darren R Wells	officer: Vice President & Treasurer	THE GOODYEAR TIRE & RUBBER COMPANY, 1144 EAST MARKET STREET, AKRON OH 44316-0001
Roger Wood	director	3850 HAMLIN RD., AUBURN HILLS MI 48326
Max H Mitchell	director	CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Joseph R Hinrichs	director	FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Margaret V Snyder	officer: Vice President and Controller	200 INNOVATION WAY, AKRON OH 44316
Christina L Zamarro	officer: EVP & Chief Financial Officer	200 INNOVATION WAY, AKRON OH 44316
Norma Clayton	director	1915 REXFORD ROAD, CHARLOTTE NC 28211
Richard J Kramer	officer: Senior Vice President	THE GOODYEAR TIRE & RUBBER COMPANY, 1144 EAST MARKET STREET, AKRON OH 44316-0001
Stephen R Mcclellan	officer: Pres., NAT Consumer Business	1144 EAST MARKET STREET, AKRON OH 44316
Prashanth Mahendra-rajah	director	C/O WABCO HOLDINGS INC., ONE CENTENNIAL AVENUE, PISCATAWAY NJ 08855
Karla R Lewis	director	C/O RELIANCE STEEL & ALUMINUM CO., 16100 N. 71ST STREET, SUITE 400, SCOTTSDALE AZ 85254
Nathaniel Madarang	officer: President, Asia Pacific	200 INNOVATION WAY, AKRON OH 44316
Jonathan Bellissimo	officer: SR VP Global Operations & Tech	200 INNOVATION WAY, AKRON OH 44316
Hera K Siu	director	200 INNOVATION WAY, AKRON OH 44316
David Emmitt Phillips	officer: Sr VP and General Counsel	200 INNOVATION WAY, AKRON OH 44316