Goodyear Tire & Rubber Co (GT)

Debt-to-equity ratio

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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 4,906,000 4,745,000 4,703,000 4,635,000 4,668,000 4,993,000 5,105,000 5,253,000 5,300,000 5,087,000 5,174,000 5,145,000 4,999,000 4,314,000 4,212,000 3,106,000 3,078,000 2,860,000 2,833,000 3,510,000
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 of Goodyear Tire & Rubber Co has consistently been 0.00 for the past several quarters, indicating that the company has not relied on debt to finance its operations in relation to its shareholders' equity. A debt-to-equity ratio of 0.00 implies that the company's total liabilities are either extremely low or non-existent compared to its equity, which could suggest a conservative approach to capital structure and financial risk management. It can also signal a strong financial position, as the absence of debt obligations can reduce interest expenses and financial leverage risks. However, it's important to note that a very low debt-to-equity ratio may also limit the company's ability to leverage debt for potential growth opportunities or tax advantages. Further analysis of other financial metrics and industry benchmarks would help provide a more comprehensive understanding of Goodyear's overall financial health and performance.