Goodyear Tire & Rubber Co (GT)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,906,000 | 4,668,000 | 5,300,000 | 4,999,000 | 3,078,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,906,000K)
= 0.00
Based on the data provided, it appears that Goodyear Tire & Rubber Co has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not used any debt to finance its operations relative to its capital structure. This could imply that the company has been funding its operations primarily through equity or retained earnings rather than debt. While a lower debt-to-capital ratio is generally considered favorable as it signifies lower financial risk and potential for financial distress, it is important to consider other financial metrics and the overall financial health of the company for a more comprehensive analysis.