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<< Back to Financial Strength by Company within Tire Manufacturing Industry
Tire Manufacturing Industry Financial Strength Information
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Financial Strength Information & Trends  |
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Industry: Tire Manufacturing ▼
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Category:
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| Tire Manufacturing Industry |
4 Q |
2 Q |
1 Q |
4 Q |
0 Q |
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2023 |
2023 |
2023 |
2022 |
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| Quick Ratio (TTM) |
0.15 |
0.16 |
0.17 |
0.17 |
- |
| Quick Ratio Ranking |
# 87 |
# 79 |
# 79 |
# 81 |
# |
| Working Capital Ratio (TTM) |
1.22 |
1.29 |
1.29 |
1.27 |
- |
| Working Capital Ratio Ranking |
# 61 |
# 60 |
# 57 |
# 62 |
# |
| Working Capital Per Revenue |
0.08 |
0.1 |
0.1 |
0.09 |
- |
| Working Capital Per Revenue Ranking |
# 47 |
# 50 |
# 49 |
# 55 |
# |
| Leverage Ratio (TTM) |
3.29 |
3.29 |
3.28 |
3.27 |
- |
| Leverage Ratio Ranking |
# 77 |
# 76 |
# 76 |
# 75 |
# |
| Total Debt to Equity (TTM) |
1.59 |
1.6 |
1.58 |
1.56 |
- |
| Total Debt to Equity Ranking |
# 88 |
# 88 |
# 87 |
# 86 |
# |
| Interest Coverage (TTM) |
1.64 |
2.41 |
3.43 |
4.06 |
- |
| Interest Coverage
Ranking |
# 92 |
# 88 |
# 84 |
# 87 |
# |
| Debt Coverage (TTM) |
0.1 |
0.14 |
0.19 |
0.22 |
- |
| Debt Coverage Ranking |
# 97 |
# 95 |
# 84 |
# 74 |
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| Quick Ratio Comment |
On the trailing twelve months basis Despite sequential decrease in Current Liabilities, Quick Ratio detoriated to 0.15 in the 4 Q 2023 a new Tire Manufacturing Industry low.
Within Consumer Discretionary sector 6 other industries have achieved higher Quick Ratio. Quick Ratio total ranking fell in contrast to the previous quarter from 79 to 87. |
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 4 Q 2023 |
| High |
Average |
Low |
| 4175.86 |
107.44 |
0.15 |
| 1. quarter 2016 |
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4. quarter 2023 |
| Quick Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 7 |
| Overall |
# 87
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| Tire Manufacturing Industry Working Capital Ratio Statistics as of 4 Q 2023 |
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| Working Capital Ratio Statistics as of 4 Q 2023 |
| High |
Average |
Low |
| 3.08 |
1.51 |
1.13 |
| 2. quarter 2016 |
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2. quarter 2021 |
| Working Capital Ratio Comment |
On the trailing twelve months basis Despite sequential decrease in Current Liabilities, Working Capital Ratio detoriated to 1.22 in the 4 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 60 to 61.
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| Working Capital Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 7 |
| Overall |
# 61
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| Tire Manufacturing Industry Working Capital Per Revenue
Statistics as of 4 Q 2023 |
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| Working Capital Per Revenue Comment |
On the trailing twelve months basis Tire Manufacturing Industry's Working Capital Per Revenue sequentially decreased to 0.08 in the 4 Q 2023, below Industry average. Due to decrease of revenue year on year by -3.55%.
Within Consumer Discretionary sector only one Industry has achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking has improved to 47, from total ranking in previous quarter at 50.
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| Working Capital Per Revenue Statistics as of 4 Q 2023 |
| High |
Average |
Low |
| 0.32 |
0.12 |
0 |
| 2. quarter 2016 |
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1. quarter 2016 |
| Working Capital Per Revenue Industry Ranking |
| Within: |
No. |
| Sector |
# 2 |
| Overall |
# 47
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| Tire Manufacturing Industry Leverage Ratio Statistics as of 4 Q 2023 |
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| Leverage Ratio Statistics as of 4 Q 2023 |
| High |
Average |
Low |
| 10.88 |
3.26 |
-1 |
| 1. quarter 2014 |
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1. quarter 2016 |
| Leverage Ratio Comment |
Due to repayements of liabilities of -1.97% Industry improved Liabilities to Equity ratio in 4 Q 2023 to 3.29, above Tire Manufacturing Industry average.
Among other Industries in the Consumer Discretionary sector 8 other industries have achieved lower Leverage Ratio.
Leverage Ratio overall ranking has fallen relative to the prior quarter from 76 to 77.
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| Leverage Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 9 |
| Overall |
# 77
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| Tire Manufacturing Industry Total Debt to Equity Ratio Statistics as of 4 Q 2023 |
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| Debt to Equity
Ratio Comment |
Due to debt repayement of -2.97% Industry improved Total Debt to Equity in 4 Q 2023 to 1.59, above Industry average.
Within Consumer Discretionary sector 8 other industries have achieved lower Debt to Equity Ratio. Total ranking remained the same like in the preceding quarter at no. 88.
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| Debt to Equity Ratio Statistics as of 4 Q 2023 |
| High |
Average |
Low |
| 3.82 |
0.72 |
0.01 |
| 2. quarter 2014 |
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2. quarter 2016 |
| Debt to Equity Industry Ranking |
| Within: |
No. |
| Sector |
# 9 |
| Overall |
# 88
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| Tire Manufacturing Industry Interest Coverage Ratio Statistics as of 4 Q 2023 |
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| Interest Coverage Ratio Statistics as of 4 Q 2023 |
| High |
Average |
Low |
| 20.12 |
4.87 |
-0.01 |
| 2. quarter 2016 |
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1. quarter 2016 |
| Interest Coverage Ratio Comment |
On the trailing twelve months basis Due to increase in interest expenses in 4 Q 2023, Interest Coverage Ratio fell to 1.64 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 88 to 92.
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| Interest Coverage Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 7 |
| Overall |
# 92
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| Tire Manufacturing Industry Debt Coverage
Statistics as of 4 Q 2023 |
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| Debt Coverage Ratio Comment |
On the trailing twelve months basis Despite sequential decrease in total debt, Debt Coverage Ratio detoriated to 0.1 in the 4 Q 2023, below Tire Manufacturing Industry average.
Looking into Consumer Discretionary sector 7 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has declined from the preceding period from 95 to 97.
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| Debt Coverage Statistics as of 4 Q 2023 |
| High |
Average |
Low |
| 46.69 |
4.92 |
-0 |
| 2. quarter 2016 |
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4. quarter 2015 |
| Debt Coverage Industry Ranking |
| Within: |
No. |
| Sector |
# 8 |
| Overall |
# 97
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Date modified: 2024-10-20T17:09:45+00:00
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