Goodyear Non Current Assets Total vs Common Stock 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 Non Current Assets Total and its Common Stock 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.

Non Current Assets Total vs Common Stock

Non Current Assets Total vs Common Stock Correlation Analysis

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

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Common Stock

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
Click cells to compare fundamentals

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Goodyear Stock Analysis

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.