Goodyear Accounts Payable vs Cash Analysis

GT Stock  USD 10.07  0.04  0.40%   
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 Accounts Payable and its Cash 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.

Accounts Payable vs Cash

Accounts Payable vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goodyear Tire Rubber Accounts Payable account and Cash. At this time, the significance of the direction appears to have very week relationship.
The correlation between Goodyear Tire's Accounts Payable and Cash is 0.27. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash 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 Accounts Payable and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Goodyear Tire Rubber are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., Goodyear Tire's Accounts Payable and Cash go up and down completely randomly.

Correlation Coefficient

0.27
Relationship DirectionPositive 
Relationship StrengthVery Weak

Accounts Payable

An accounting item on the balance sheet that represents Goodyear Tire obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Goodyear Tire Rubber are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Cash

Cash refers to the most liquid asset of Goodyear Tire Rubber, which is listed under current asset account on Goodyear Tire Rubber balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Goodyear Tire customers. The amounts must be unrestricted with restricted cash listed in a different Goodyear Tire account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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 Profit3.8B3.9B3.5B3.7B
Total Revenue17.5B20.8B20.1B16.7B

Goodyear Tire fundamental ratios Correlations

0.960.070.970.260.930.660.290.280.880.10.270.80.520.80.850.470.460.910.570.740.560.950.910.320.05
0.960.140.920.40.980.750.430.130.940.260.130.640.430.670.730.340.550.80.60.570.690.90.870.37-0.11
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
0.970.920.170.180.910.640.210.260.83-0.030.260.830.470.790.890.520.320.910.590.740.620.980.890.360.17
0.260.40.020.180.450.560.94-0.750.640.6-0.75-0.26-0.07-0.360.07-0.580.46-0.180.36-0.40.650.160.260.36-0.5
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
0.290.43-0.20.210.940.490.54-0.680.670.6-0.68-0.26-0.1-0.290.04-0.510.48-0.110.21-0.380.690.160.230.14-0.5
0.280.13-0.180.26-0.750.01-0.29-0.68-0.16-0.51.00.580.520.760.280.66-0.130.61-0.220.77-0.490.270.22-0.370.47
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
0.10.260.07-0.030.60.340.440.6-0.50.42-0.5-0.32-0.18-0.23-0.22-0.230.86-0.170.26-0.410.3-0.050.150.22-0.98
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 fundamental ratios 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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