Goodyear Tire & Rubber Co (GT)

Liquidity ratios

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Current ratio 1.04 1.14 1.06 1.15 1.07 1.30 1.28 1.32 1.21 1.33 1.30 1.23 1.11 1.18 1.14 1.12 1.10 1.16 1.17 1.17
Quick ratio 0.11 0.12 0.11 0.14 0.13 0.15 0.15 0.15 0.17 0.17 0.18 0.15 0.16 0.17 0.16 0.23 0.30 0.22 0.22 0.18
Cash ratio 0.11 0.12 0.11 0.14 0.13 0.15 0.15 0.15 0.17 0.17 0.18 0.15 0.16 0.17 0.16 0.23 0.30 0.22 0.22 0.18

Goodyear Tire & Rubber Co's liquidity ratios demonstrate fluctuations over the past few years. The current ratio has varied between 1.04 and 1.33, showing some inconsistency in the company's ability to cover its short-term obligations. The quick ratio, which excludes inventory from current assets, has ranged from 0.11 to 0.30, indicating that the company may face challenges in meeting its immediate payment requirements without relying on inventory. The cash ratio, representing the most stringent liquidity measure, has shown similar volatility, with values between 0.11 and 0.30. Overall, while the company has generally maintained current assets to cover its current liabilities, the quick ratio and cash ratio suggest a potential strain on liquidity in some reporting periods. Further analysis of the underlying reasons for these fluctuations would be necessary to provide a more comprehensive assessment of Goodyear Tire & Rubber Co's liquidity position.


Additional liquidity measure

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash conversion cycle days 86.52 91.02 94.85 86.97 81.52 85.12 92.90 96.73 98.41 108.11 100.12 98.58 95.81 100.40 106.12 81.72 76.02 75.19 84.90 94.50

The cash conversion cycle of Goodyear Tire & Rubber Co has shown some fluctuations over the periods provided. The cash conversion cycle measures how long it takes for a company to convert its investments in inventory and other resources back into cash flows from sales.

Looking at the data, we can observe that the cash conversion cycle ranged from a low of 75.19 days on September 30, 2020, to a high of 108.11 days on September 30, 2022. Typically, a shorter cash conversion cycle indicates more efficiency in managing working capital and cash flows.

During the analysis period, there were fluctuations in the cash conversion cycle, with some increases and decreases. For instance, there was an increase in the cycle from June 30, 2021 (106.12 days) to September 30, 2021 (100.40 days), followed by a decrease to 95.81 days by December 31, 2021. This variability suggests potential changes in the company's inventory management, receivables collection, and payables practices.

Overall, the cash conversion cycle of Goodyear Tire & Rubber Co is an important metric to monitor as it indicates the efficiency of the company in managing its working capital. Analyzing trends and fluctuations in the cycle can provide insights into the company's liquidity position, operational efficiency, and cash flow management over time.