GT
The Goodyear Tire & Rubber Company
Is GT Halal?
Tire manufacturer — a permissible activity, but heavy interest-bearing debt usually pushes the leverage screen above the threshold.
What You Should Know
The Goodyear Tire & Rubber Company manufactures and sells tires and related mobility products. Its March 31, 2026 Form 10-Q reports assets of $18,469 million, interest-bearing debt of $6,985 million, cash of $723 million and accounts receivable of $2,602 million. Debt/assets is 37.82%, liquidity/assets is 3.91% and receivables-plus-cash/assets is 18.00%; the debt screen fails. Interest income is $6 million (0.15% of quarterly net sales), while tire, chemical and automotive end-use exposure remains qualitative.
⚠️ Concerns
- •Debt/assets is 37.82%, above examined 33% limits
- •High leverage and receivables factoring are material balance-sheet concerns
- •Automotive and fleet customer end use remains qualitative
- •Interest income of $6 million is disclosed; no scholar-approved purification percentage is asserted
- •Re-screen before each purchase given the transformation plan
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
6,985 / 18,469
723 / 18,469
3,325 / 18,469
6 / 3,881
- Financial
- Fails
- Overall
- Fails
Debt/assets is 37.82%, above the examined 33.333% limit; tire activity remains qualitative.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 37.82%, above the examined MSCI limit; the asset-based screen fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 37.82%, above the examined Malaysia limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the debt screen already fails.
Business-activity disclosure
Goodyear manufactures and sells tires and related mobility products. Tire manufacturing is generally permissible, while chemical, fleet, automotive and customer end-use exposure require qualitative review.
Limitation: The filing does not allocate revenue by downstream end use or provide a universal prohibited-revenue numerator.
Purification
Interest income of $6 million (0.15% of quarterly net sales) is disclosed for transparency; no scholar-approved purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Goodyear's March 31, 2026 Form 10-Q.
- Debt combines notes payable and overdrafts of $483 million, long-term debt and finance leases due within one year of $1,226 million and long-term debt and finance leases of $5,276 million.
- Cash is $723 million; no separate interest-bearing securities balance is identified.
- Accounts receivable, net are $2,602 million.
- Interest income is $6 million (0.15% of quarterly net sales); tire and chemical divestiture activity and customer end use remain qualitative.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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