Goodyear Long Term Investments vs Short Long Term Debt Analysis

GT Stock

USD 10.13 0.42 4.33%

Goodyear Tire financial indicator trend analysis is much more than just examining Goodyear Tire Rubber latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goodyear Tire Rubber is a good investment. Please check the relationship between Goodyear Tire Long Term Investments and its Short Long Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodyear Tire Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Long Term Investments vs Short Long Term Debt

Long Term Investments vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goodyear Tire Rubber Long Term Investments account and Short Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Goodyear Tire's Long Term Investments and Short Long Term Debt is 0.95. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Goodyear Tire Rubber, assuming nothing else is changed. The correlation between historical values of Goodyear Tire's Long Term Investments and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Goodyear Tire Rubber are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Long Term Investments i.e., Goodyear Tire's Long Term Investments and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Goodyear Tire balance sheet that represents investments Goodyear Tire Rubber intends to hold for over a year. Goodyear Tire Rubber long term investments may include different instruments such as stocks, bonds, real estate and cash.

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Most indicators from Goodyear Tire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goodyear Tire Rubber current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodyear Tire Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Issuance Of Capital Stock is likely to gain to about 10.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	3.8B	3.9B	3.5B	3.7B
Total Revenue	17.5B	20.8B	20.1B	16.7B

Gross Profit Total Revenue

Goodyear Tire fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Intangible Assets	Common Stock
Total Assets		0.96	0.07	0.97	0.26	0.93	0.66	0.29	0.28	0.88	0.1	0.27	0.8	0.52	0.8	0.85	0.47	0.46	0.91	0.57	0.74	0.56	0.95	0.91	0.32	0.05
Short Long Term Debt Total	0.96		0.14	0.92	0.4	0.98	0.75	0.43	0.13	0.94	0.26	0.13	0.64	0.43	0.67	0.73	0.34	0.55	0.8	0.6	0.57	0.69	0.9	0.87	0.37	-0.11
Other Current Liab	0.07	0.14		0.17	0.02	0.18	0.15	-0.2	-0.18	0.09	0.07	-0.18	0.11	0.02	0.02	0.19	0.08	0.03	0.08	0.46	0.02	0.15	0.25	0.2	0.64	-0.06
Total Current Liabilities	0.97	0.92	0.17		0.18	0.91	0.64	0.21	0.26	0.83	-0.03	0.26	0.83	0.47	0.79	0.89	0.52	0.32	0.91	0.59	0.74	0.62	0.98	0.89	0.36	0.17
Total Stockholder Equity	0.26	0.4	0.02	0.18		0.45	0.56	0.94	-0.75	0.64	0.6	-0.75	-0.26	-0.07	-0.36	0.07	-0.58	0.46	-0.18	0.36	-0.4	0.65	0.16	0.26	0.36	-0.5
Property Plant And Equipment Net	0.93	0.98	0.18	0.91	0.45		0.76	0.49	0.01	0.96	0.34	0.01	0.58	0.35	0.61	0.7	0.33	0.58	0.75	0.61	0.48	0.75	0.88	0.83	0.39	-0.19
Net Debt	0.66	0.75	0.15	0.64	0.56	0.76		0.54	-0.29	0.79	0.44	-0.29	0.38	-0.04	0.27	0.49	0.2	0.47	0.43	0.89	0.19	0.81	0.59	0.66	0.7	-0.29
Retained Earnings	0.29	0.43	-0.2	0.21	0.94	0.49	0.54		-0.68	0.67	0.6	-0.68	-0.26	-0.1	-0.29	0.04	-0.51	0.48	-0.11	0.21	-0.38	0.69	0.16	0.23	0.14	-0.5
Cash	0.28	0.13	-0.18	0.26	-0.75	0.01	-0.29	-0.68		-0.16	-0.5	1.0	0.58	0.52	0.76	0.28	0.66	-0.13	0.61	-0.22	0.77	-0.49	0.27	0.22	-0.37	0.47
Non Current Assets Total	0.88	0.94	0.09	0.83	0.64	0.96	0.79	0.67	-0.16		0.42	-0.16	0.45	0.34	0.45	0.62	0.12	0.62	0.62	0.6	0.33	0.8	0.79	0.82	0.39	-0.27
Non Currrent Assets Other	0.1	0.26	0.07	-0.03	0.6	0.34	0.44	0.6	-0.5	0.42		-0.5	-0.32	-0.18	-0.23	-0.22	-0.23	0.86	-0.17	0.26	-0.41	0.3	-0.05	0.15	0.22	-0.98
Cash And Short Term Investments	0.27	0.13	-0.18	0.26	-0.75	0.01	-0.29	-0.68	1.0	-0.16	-0.5		0.58	0.52	0.76	0.28	0.66	-0.13	0.61	-0.22	0.77	-0.49	0.27	0.22	-0.37	0.47
Net Receivables	0.8	0.64	0.11	0.83	-0.26	0.58	0.38	-0.26	0.58	0.45	-0.32	0.58		0.51	0.9	0.88	0.8	0.06	0.92	0.48	0.94	0.18	0.84	0.75	0.27	0.42
Common Stock Shares Outstanding	0.52	0.43	0.02	0.47	-0.07	0.35	-0.04	-0.1	0.52	0.34	-0.18	0.52	0.51		0.57	0.33	0.25	0.24	0.56	-0.04	0.55	-0.07	0.43	0.67	-0.18	0.22
Non Current Liabilities Total	0.8	0.67	0.02	0.79	-0.36	0.61	0.27	-0.29	0.76	0.45	-0.23	0.76	0.9	0.57		0.74	0.8	0.21	0.97	0.29	0.95	0.07	0.79	0.71	0.04	0.3
Inventory	0.85	0.73	0.19	0.89	0.07	0.7	0.49	0.04	0.28	0.62	-0.22	0.28	0.88	0.33	0.74		0.54	0.09	0.84	0.56	0.81	0.41	0.93	0.72	0.43	0.34
Other Current Assets	0.47	0.34	0.08	0.52	-0.58	0.33	0.2	-0.51	0.66	0.12	-0.23	0.66	0.8	0.25	0.8	0.54		0.02	0.73	0.32	0.78	-0.06	0.51	0.4	0.12	0.26
Other Stockholder Equity	0.46	0.55	0.03	0.32	0.46	0.58	0.47	0.48	-0.13	0.62	0.86	-0.13	0.06	0.24	0.21	0.09	0.02		0.26	0.3	0.02	0.28	0.29	0.52	0.16	-0.83
Total Liab	0.91	0.8	0.08	0.91	-0.18	0.75	0.43	-0.11	0.61	0.62	-0.17	0.61	0.92	0.56	0.97	0.84	0.73	0.26		0.42	0.92	0.29	0.9	0.81	0.17	0.27
Property Plant And Equipment Gross	0.57	0.6	0.46	0.59	0.36	0.61	0.89	0.21	-0.22	0.6	0.26	-0.22	0.48	-0.04	0.29	0.56	0.32	0.3	0.42		0.28	0.63	0.59	0.62	0.93	-0.15
Total Current Assets	0.74	0.57	0.02	0.74	-0.4	0.48	0.19	-0.38	0.77	0.33	-0.41	0.77	0.94	0.55	0.95	0.81	0.78	0.02	0.92	0.28		-0.02	0.77	0.64	0.08	0.48
Short Term Debt	0.56	0.69	0.15	0.62	0.65	0.75	0.81	0.69	-0.49	0.8	0.3	-0.49	0.18	-0.07	0.07	0.41	-0.06	0.28	0.29	0.63	-0.02		0.54	0.51	0.5	-0.16
Accounts Payable	0.95	0.9	0.25	0.98	0.16	0.88	0.59	0.16	0.27	0.79	-0.05	0.27	0.84	0.43	0.79	0.93	0.51	0.29	0.9	0.59	0.77	0.54		0.84	0.41	0.19
Common Stock Total Equity	0.91	0.87	0.2	0.89	0.26	0.83	0.66	0.23	0.22	0.82	0.15	0.22	0.75	0.67	0.71	0.72	0.4	0.52	0.81	0.62	0.64	0.51	0.84		0.39	-0.02
Intangible Assets	0.32	0.37	0.64	0.36	0.36	0.39	0.7	0.14	-0.37	0.39	0.22	-0.37	0.27	-0.18	0.04	0.43	0.12	0.16	0.17	0.93	0.08	0.5	0.41	0.39		-0.14
Common Stock	0.05	-0.11	-0.06	0.17	-0.5	-0.19	-0.29	-0.5	0.47	-0.27	-0.98	0.47	0.42	0.22	0.3	0.34	0.26	-0.83	0.27	-0.15	0.48	-0.16	0.19	-0.02	-0.14

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Goodyear Tire Account Relationship Matchups

Goodyear Tire fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.2B	16.5B	21.4B	22.4B	21.6B	15.3B
Short Long Term Debt Total	6.5B	6.9B	8.4B	8.9B	8.6B	4.9B
Other Current Liab	734M	1.2B	1.3B	1.3B	1.6B	1.0B
Total Current Liabilities	5.3B	5.1B	6.6B	7.1B	7.1B	4.5B
Total Stockholder Equity	4.4B	3.1B	5.0B	5.3B	4.7B	2.8B
Property Plant And Equipment Net	8.1B	7.9B	9.3B	9.3B	9.5B	6.4B
Net Debt	5.6B	5.3B	7.3B	7.7B	7.7B	8.1B
Retained Earnings	6.1B	4.8B	5.6B	5.8B	5.1B	3.2B
Cash	908M	1.5B	1.1B	1.2B	902M	1.3B
Non Current Assets Total	11.3B	10.9B	14.1B	13.8B	13.9B	8.7B
Non Currrent Assets Other	696M	875M	1.0B	965M	1.1B	598.5M
Cash And Short Term Investments	908M	1.5B	1.1B	1.2B	902M	1.3B
Net Receivables	1.9B	1.7B	2.4B	2.6B	2.7B	2.3B
Common Stock Shares Outstanding	239M	233M	234M	264M	285M	218.9M
Liabilities And Stockholders Equity	17.2B	16.5B	21.4B	22.4B	21.6B	15.3B
Non Current Liabilities Total	7.4B	8.1B	9.6B	9.8B	9.6B	7.5B
Inventory	2.9B	2.2B	3.6B	4.6B	3.7B	2.7B
Other Current Assets	234M	237M	262M	257M	319M	336.8M
Other Stockholder Equity	2.1B	2.2B	3.1B	3.1B	3.1B	1.6B
Total Liab	12.6B	13.2B	16.2B	17.0B	16.7B	12.0B
Property Plant And Equipment Gross	8.1B	7.9B	20.5B	20.6B	21.9B	23.0B
Total Current Assets	5.9B	5.6B	7.3B	8.7B	7.7B	6.5B
Accumulated Other Comprehensive Income	(4.1B)	(4.1B)	(4.0B)	(3.9B)	(3.8B)	(4.0B)
Short Term Debt	1.1B	954M	1.2B	1.0B	1.2B	686.8M
Accounts Payable	2.9B	2.9B	4.1B	4.8B	4.3B	2.4B
Intangible Assets	137M	135M	1.0B	1.0B	969M	1.0B
Other Liab	1.9B	2.0B	2.1B	1.7B	1.6B	3.0B
Other Assets	2.2B	3.3B	2.7B	2.4B	2.8B	1.8B
Long Term Debt	4.8B	5.4B	6.6B	7.3B	6.8B	5.5B
Good Will	565M	408M	1.0B	1.0B	781M	732.8M
Property Plant Equipment	8.1B	7.9B	9.3B	9.3B	10.7B	7.2B
Current Deferred Revenue	536M	540M	689M	1.4B	663M	755.9M
Net Tangible Assets	3.6B	2.5B	3.0B	5.3B	6.1B	6.4B
Noncontrolling Interest In Consolidated Entity	194M	181M	185M	166M	149.4M	179.4M
Retained Earnings Total Equity	6.1B	4.8B	5.6B	5.8B	6.6B	4.7B
Long Term Debt Total	4.8B	5.4B	6.6B	7.3B	8.4B	6.0B

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