Eastman Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Eastman Chemical has a total shareholder equity of $5.7B and total debt of $5.2B, which brings its debt-to-equity ratio to 90.8%. Its total assets and total liabilities are $15.1B and $9.3B respectively. Eastman Chemical's EBIT is $1.2B making its interest coverage ratio 5.9. It has cash and short-term investments of $626.0M.
Key information
90.8%
Debt to equity ratio
US$5.20b
Debt
| Interest coverage ratio | 5.9x |
| Cash | US$626.00m |
| Equity | US$5.73b |
| Total liabilities | US$9.33b |
| Total assets | US$15.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EAC's short term assets ($3.9B) exceed its short term liabilities ($2.6B).
Long Term Liabilities: EAC's short term assets ($3.9B) do not cover its long term liabilities ($6.7B).
Debt to Equity History and Analysis
Debt Level: EAC's net debt to equity ratio (79.9%) is considered high.
Reducing Debt: EAC's debt to equity ratio has reduced from 101.8% to 90.8% over the past 5 years.
Debt Coverage: EAC's debt is well covered by operating cash flow (23%).
Interest Coverage: EAC's interest payments on its debt are well covered by EBIT (5.9x coverage).