Goodyear Long Term Debt vs Deferred Long Term Liab Analysis
GT Stock | USD 12.91 0.16 1.22% |
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 Debt and its Deferred Long Term Liab 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 tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Long Term Debt vs Deferred Long Term Liab
Long Term Debt vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goodyear Tire Rubber Long Term Debt account and Deferred Long Term Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Goodyear Tire's Long Term Debt and Deferred Long Term Liab is 0.3. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Deferred Long Term Liab 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 Debt and Deferred Long Term Liab 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 Debt of Goodyear Tire Rubber are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Long Term Debt i.e., Goodyear Tire's Long Term Debt and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that Goodyear Tire Rubber has held for over one year. Long-term debt appears on Goodyear Tire Rubber balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Goodyear Tire Rubber balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.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 tightly coupled 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 |
Goodyear Tire fundamental ratios Correlations
Click cells to compare fundamentals
Goodyear Tire Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 865M | 822M | 72M | 1.2B | 988.8M | |
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 | 756M | 953M | 822M | 993M | 664.2M | |
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 |
Goodyear Tire Investors Sentiment
The influence of Goodyear Tire's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Goodyear. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Goodyear Tire's public news can be used to forecast risks associated with an investment in Goodyear. The trend in average sentiment can be used to explain how an investor holding Goodyear can time the market purely based on public headlines and social activities around Goodyear Tire Rubber. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Goodyear Tire's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Goodyear Tire's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Goodyear Tire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Goodyear Tire.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Goodyear Tire in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Goodyear Tire's short interest history, or implied volatility extrapolated from Goodyear Tire options trading.
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Is Goodyear Tire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goodyear Tire. If investors know Goodyear will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goodyear Tire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.66) | Earnings Share (2.27) | Revenue Per Share 68.929 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0161 |
The market value of Goodyear Tire Rubber is measured differently than its book value, which is the value of Goodyear that is recorded on the company's balance sheet. Investors also form their own opinion of Goodyear Tire's value that differs from its market value or its book value, called intrinsic value, which is Goodyear Tire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goodyear Tire's market value can be influenced by many factors that don't directly affect Goodyear Tire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goodyear Tire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodyear Tire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodyear Tire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.