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Tire Manufacturing Industry Financial Strength Information

Financial Strength Information & Trends  
 


Category:   Period:  

Tire Manufacturing Industry 2 Q 1 Q 4 Q 3 Q 2 Q
  2023 2023 2022 2022 2022
Quick Ratio (TTM) 0.16 0.17 0.17 0.16 0.17
Quick Ratio Ranking # 79 # 79 # 80 # 92 # 94
Working Capital Ratio (TTM) 1.29 1.29 1.27 1.25 1.21
Working Capital Ratio Ranking # 60 # 55 # 58 # 69 # 67
Working Capital Per Revenue 0.1 0.1 0.09 0.08 0.07
Working Capital Per Revenue Ranking # 52 # 54 # 53 # 39 # 46
Leverage Ratio (TTM) 3.29 3.28 3.27 3.28 3.35
Leverage Ratio Ranking # 74 # 77 # 76 # 69 # 80
Total Debt to Equity (TTM) 1.6 1.58 1.56 1.56 0.18
Total Debt to Equity Ranking # 86 # 88 # 88 # 100 # 95
Interest Coverage (TTM) 2.41 3.43 4.06 5.04 5.35
Interest Coverage Ranking # 88 # 87 # 79 # 85 # 89
Debt Coverage (TTM) 0.14 0.19 0.22 0.27 2.49
Debt Coverage Ranking # 94 # 84 # 79 # 91 # 85


Quick Ratio Comment
On the trailing twelve months basis Despite sequential decrease in Current Liabilities, Quick Ratio detoriated to 0.16 in the 2 Q 2023 a new Tire Manufacturing Industry low.



Within Consumer Discretionary sector 6 other industries have achieved higher Quick Ratio. Total ranking remained unchanged relative to the quarter before at no. 79.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 2 Q 2023
High Average Low
4175.86 110.26 0.16
1. quarter 2016   1. quarter 2022

Quick Ratio Industry Ranking
Within: No.
Sector # 7
Overall # 79


Other Quick Ratios
Compare Industry's quick ratio to Csco's or S&P Constituent list of Tire Manufacturing Industry
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for CSCO's Competitors Definiton of Quick Ratio


Tire Manufacturing Industry Working Capital Ratio Statistics as of 2 Q 2023
 



Working Capital Ratio Statistics as of 2 Q 2023
High Average Low
3.08 1.52 1.13
2. quarter 2016   2. quarter 2021



Working Capital Ratio Comment
On the trailing twelve months basis Despite sequential decrease in Current Liabilities, Working Capital Ratio detoriated to 1.29 in the 2 Q 2023 below Tire Manufacturing Industry average.



Within Consumer Discretionary sector 6 other industries have achieved higher Working Capital Ratio. Working Capital Ratio total ranking has deteriorated relative to the previous quarter from 55 to 60.



Working Capital Ratio Industry Ranking
Within: No.
Sector # 7
Overall # 60

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Industry's Working Capital ratio to Csco's or S&P Constituent list of Tire Manufacturing Industry
Working Capital ratios for CSCO's Competitors Definiton of Working Capital Ratio

Tire Manufacturing Industry Working Capital Per Revenue Statistics as of 2 Q 2023
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Working Capital Per Revenue was unchanged from the previous quarter at 0.1 in the 2 Q 2023



Within Consumer Discretionary sector 2 other industries have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking has improved to 52, from total ranking in previous quarter at 54.




Working Capital Per Revenue Statistics as of 2 Q 2023
High Average Low
0.32 0.12 0
2. quarter 2016   1. quarter 2016


Working Capital Per Revenue Industry Ranking
Within: No.
Sector # 3
Overall # 52



Other Working Capital Per Revenue
Compare Industry's Working Capital Per Revenue to Csco's or S&P Constituent list of Tire Manufacturing Industry
Return On Assets for Tire Manufacturing Industry Definiton of Working Capital Per Revenue



Tire Manufacturing Industry Leverage Ratio Statistics as of 2 Q 2023
 


Leverage Ratio Statistics as of 2 Q 2023
High Average Low
10.88 3.26 -1
1. quarter 2014   1. quarter 2016



Leverage Ratio Comment
Despite repayements of liabilities of -0.02%, in 2 Q 2023, Liabilities to Equity ratio detoriated to 3.29, above Industry average.



Among other Industries in the Consumer Discretionary sector 7 other industries have achieved lower Leverage Ratio.



Leverage Ratio total ranking has improved so far to 74, from overall ranking in the previous quarter at 77.



Leverage Ratio Industry Ranking
Within: No.
Sector # 8
Overall # 74

Other Leverage Ratios
Compare Industry's Leverage ratio to Csco's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for CSCO's Competitors What is Leverage Ratio?


Tire Manufacturing Industry Total Debt to Equity Ratio Statistics as of 2 Q 2023
 
Debt to Equity Ratio Comment
Due to net new borrowings of 1.2%, Total Debt to Equity detoriated to 1.6 in the 2 Q 2023, above Industry average.



Within Consumer Discretionary sector 8 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 86, from total ranking in previous quarter at 88.




Debt to Equity Ratio Statistics as of 2 Q 2023
High Average Low
3.82 0.66 0.01
2. quarter 2014   2. quarter 2016



Debt to Equity Industry Ranking
Within: No.
Sector # 9
Overall # 86

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Industry's Debt to Equity ratio to Csco's or S&P Definiton of Debt to Equity Ratio

Tire Manufacturing Industry Interest Coverage Ratio Statistics as of 2 Q 2023
 


Interest Coverage Ratio Statistics as of 2 Q 2023
High Average Low
20.12 4.96 -0.01
2. quarter 2016   1. quarter 2016

Interest Coverage Ratio Comment
On the trailing twelve months basis Due to increase in interest expenses in 2 Q 2023, Interest Coverage Ratio fell to 2.41 below Tire Manufacturing Industry average.



In the Consumer Discretionary sector 6 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage overall ranking fell in contrast to the prior period from 87 to 88.



Interest Coverage Ratio Industry Ranking
Within: No.
Sector # 7
Overall # 88

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Industry's Interest Coverage ratio to Csco's or S&P Definiton of Interest Coverage Ratio


Tire Manufacturing Industry Debt Coverage Statistics as of 2 Q 2023
 
Debt Coverage Ratio Comment
On the trailing twelve months basis Due to increase in total debt in 2 Q 2023, Debt Coverage Ratio fell to 0.14 below Tire Manufacturing Industry average.



Looking into Consumer Discretionary sector 6 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has declined from the preceding period from 84 to 94.




Debt Coverage Statistics as of 2 Q 2023
High Average Low
46.69 5.11 -0
2. quarter 2016   4. quarter 2015



Debt Coverage Industry Ranking
Within: No.
Sector # 7
Overall # 94

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Tire Manufacturing Industry's Margin Definiton of Debt Coverage Ratio

Date modified: 2023-08-04T17:35:58+00:00



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