Goodyear Tire & Rubber Co (GT)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,906,000K
= 0.00
The debt-to-equity ratio for Goodyear Tire & Rubber Co has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been utilizing more of its equity to finance its operations and growth, rather than relying on debt. A debt-to-equity ratio of 0.00 signifies that the company has no debt on its balance sheet in relation to its equity. This can be perceived as a positive signal to investors and creditors, showcasing a strong financial position with minimal financial leverage and a lower risk of financial distress.