Goodyear Tire & Rubber Co (GT)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 20,964,000 21,582,000 22,431,000 21,402,000 16,506,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $20,964,000K
= 0.00

The debt-to-assets ratio for Goodyear Tire & Rubber Co has consistently been at 0.00 for the years 2020, 2021, 2022, 2023, and 2024 based on the provided data. This indicates that the company has not had any outstanding debt relative to its total assets during these years. A debt-to-assets ratio of 0.00 signifies that the company's assets have been entirely financed by equity, which can reflect a strong financial position with minimal financial risk associated with debt obligations. It suggests that the company is not relying heavily on borrowed funds to fund its operations and investments, which can be viewed as a positive indicator of financial stability and prudent financial management.