Goodyear Historical Balance Sheet

GT Stock  USD 10.13  0.42  4.33%   
Trend analysis of Goodyear Tire Rubber balance sheet accounts such as Other Current Liabilities of 1 B provides information on Goodyear Tire's total assets, liabilities, and equity, which is the actual value of Goodyear Tire Rubber to its prevalent stockholders. By breaking down trends over time using Goodyear Tire balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Goodyear Tire Rubber latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Goodyear Tire Rubber is a good buy for the upcoming year.

Goodyear Tire Inventory

2.68 Billion

  
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.

About Goodyear Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Goodyear Tire Rubber at a specified time, usually calculated after every quarter, six months, or one year. Goodyear Tire Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Goodyear Tire and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Goodyear currently owns. An asset can also be divided into two categories, current and non-current.

Goodyear Tire Balance Sheet Chart

At this time, Goodyear Tire's Current Deferred Revenue is comparatively stable compared to the past year. Net Tangible Assets is likely to gain to about 6.4 B in 2024, whereas Other Current Liabilities is likely to drop slightly above 1 B in 2024.

Total Assets

Total assets refers to the total amount of Goodyear Tire assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Goodyear Tire Rubber books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Goodyear Tire balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Goodyear Tire Rubber are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most accounts from Goodyear Tire's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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.
At this time, Goodyear Tire's Current Deferred Revenue is comparatively stable compared to the past year. Net Tangible Assets is likely to gain to about 6.4 B in 2024, whereas Other Current Liabilities is likely to drop slightly above 1 B in 2024.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total8.4B8.9B8.6B4.9B
Total Assets21.4B22.4B21.6B15.3B

Goodyear Tire balance sheet Correlations

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0.070.140.170.020.180.15-0.2-0.180.090.07-0.180.110.020.020.190.080.030.080.460.020.150.250.20.64-0.06
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0.930.980.180.910.450.760.490.010.960.340.010.580.350.610.70.330.580.750.610.480.750.880.830.39-0.19
0.660.750.150.640.560.760.54-0.290.790.44-0.290.38-0.040.270.490.20.470.430.890.190.810.590.660.7-0.29
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0.880.940.090.830.640.960.790.67-0.160.42-0.160.450.340.450.620.120.620.620.60.330.80.790.820.39-0.27
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0.270.13-0.180.26-0.750.01-0.29-0.681.0-0.16-0.50.580.520.760.280.66-0.130.61-0.220.77-0.490.270.22-0.370.47
0.80.640.110.83-0.260.580.38-0.260.580.45-0.320.580.510.90.880.80.060.920.480.940.180.840.750.270.42
0.520.430.020.47-0.070.35-0.04-0.10.520.34-0.180.520.510.570.330.250.240.56-0.040.55-0.070.430.67-0.180.22
0.80.670.020.79-0.360.610.27-0.290.760.45-0.230.760.90.570.740.80.210.970.290.950.070.790.710.040.3
0.850.730.190.890.070.70.490.040.280.62-0.220.280.880.330.740.540.090.840.560.810.410.930.720.430.34
0.470.340.080.52-0.580.330.2-0.510.660.12-0.230.660.80.250.80.540.020.730.320.78-0.060.510.40.120.26
0.460.550.030.320.460.580.470.48-0.130.620.86-0.130.060.240.210.090.020.260.30.020.280.290.520.16-0.83
0.910.80.080.91-0.180.750.43-0.110.610.62-0.170.610.920.560.970.840.730.260.420.920.290.90.810.170.27
0.570.60.460.590.360.610.890.21-0.220.60.26-0.220.48-0.040.290.560.320.30.420.280.630.590.620.93-0.15
0.740.570.020.74-0.40.480.19-0.380.770.33-0.410.770.940.550.950.810.780.020.920.28-0.020.770.640.080.48
0.560.690.150.620.650.750.810.69-0.490.80.3-0.490.18-0.070.070.41-0.060.280.290.63-0.020.540.510.5-0.16
0.950.90.250.980.160.880.590.160.270.79-0.050.270.840.430.790.930.510.290.90.590.770.540.840.410.19
0.910.870.20.890.260.830.660.230.220.820.150.220.750.670.710.720.40.520.810.620.640.510.840.39-0.02
0.320.370.640.360.360.390.70.14-0.370.390.22-0.370.27-0.180.040.430.120.160.170.930.080.50.410.39-0.14
0.05-0.11-0.060.17-0.5-0.19-0.29-0.50.47-0.27-0.980.470.420.220.30.340.26-0.830.27-0.150.48-0.160.19-0.02-0.14
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Goodyear Tire Account Relationship Matchups

Goodyear Tire balance sheet Accounts

201920202021202220232024 (projected)
Total Assets17.2B16.5B21.4B22.4B21.6B15.3B
Short Long Term Debt Total6.5B6.9B8.4B8.9B8.6B4.9B
Other Current Liab734M1.2B1.3B1.3B1.6B1.0B
Total Current Liabilities5.3B5.1B6.6B7.1B7.1B4.5B
Total Stockholder Equity4.4B3.1B5.0B5.3B4.7B2.8B
Property Plant And Equipment Net8.1B7.9B9.3B9.3B9.5B6.4B
Net Debt5.6B5.3B7.3B7.7B7.7B8.1B
Retained Earnings6.1B4.8B5.6B5.8B5.1B3.2B
Cash908M1.5B1.1B1.2B902M1.3B
Non Current Assets Total11.3B10.9B14.1B13.8B13.9B8.7B
Non Currrent Assets Other696M875M1.0B965M1.1B598.5M
Cash And Short Term Investments908M1.5B1.1B1.2B902M1.3B
Net Receivables1.9B1.7B2.4B2.6B2.7B2.3B
Common Stock Shares Outstanding239M233M234M264M285M218.9M
Liabilities And Stockholders Equity17.2B16.5B21.4B22.4B21.6B15.3B
Non Current Liabilities Total7.4B8.1B9.6B9.8B9.6B7.5B
Inventory2.9B2.2B3.6B4.6B3.7B2.7B
Other Current Assets234M237M262M257M319M336.8M
Other Stockholder Equity2.1B2.2B3.1B3.1B3.1B1.6B
Total Liab12.6B13.2B16.2B17.0B16.7B12.0B
Property Plant And Equipment Gross8.1B7.9B20.5B20.6B21.9B23.0B
Total Current Assets5.9B5.6B7.3B8.7B7.7B6.5B
Accumulated Other Comprehensive Income(4.1B)(4.1B)(4.0B)(3.9B)(3.8B)(4.0B)
Short Term Debt1.1B954M1.2B1.0B1.2B686.8M
Accounts Payable2.9B2.9B4.1B4.8B4.3B2.4B
Intangible Assets137M135M1.0B1.0B969M1.0B
Other Liab1.9B2.0B2.1B1.7B1.6B3.0B
Other Assets2.2B3.3B2.7B2.4B2.8B1.8B
Long Term Debt4.8B5.4B6.6B7.3B6.8B5.5B
Good Will565M408M1.0B1.0B781M732.8M
Property Plant Equipment8.1B7.9B9.3B9.3B10.7B7.2B
Current Deferred Revenue536M540M689M1.4B663M755.9M
Net Tangible Assets3.6B2.5B3.0B5.3B6.1B6.4B
Noncontrolling Interest In Consolidated Entity194M181M185M166M149.4M179.4M
Retained Earnings Total Equity6.1B4.8B5.6B5.8B6.6B4.7B
Long Term Debt Total4.8B5.4B6.6B7.3B8.4B6.0B

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When running Goodyear Tire's price analysis, check to measure Goodyear Tire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.