Eastman Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Eastman Chemical has a total shareholder equity of $5.6B and total debt of $5.2B, which brings its debt-to-equity ratio to 92.9%. Its total assets and total liabilities are $14.7B and $9.1B respectively. Eastman Chemical's EBIT is $1.1B making its interest coverage ratio 5. It has cash and short-term investments of $509.0M.
Key information
92.9%
Debt to equity ratio
US$5.21b
Debt
Interest coverage ratio | 5x |
Cash | US$509.00m |
Equity | US$5.61b |
Total liabilities | US$9.14b |
Total assets | US$14.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: E1MN34's short term assets ($3.6B) exceed its short term liabilities ($2.6B).
Long Term Liabilities: E1MN34's short term assets ($3.6B) do not cover its long term liabilities ($6.5B).
Debt to Equity History and Analysis
Debt Level: E1MN34's net debt to equity ratio (83.8%) is considered high.
Reducing Debt: E1MN34's debt to equity ratio has reduced from 109.2% to 92.9% over the past 5 years.
Debt Coverage: E1MN34's debt is well covered by operating cash flow (26.1%).
Interest Coverage: E1MN34's interest payments on its debt are well covered by EBIT (5x coverage).