Eastman Chemical Company (EMN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,101,000 | 3,481,000 | 3,778,000 | 4,646,000 | 3,541,000 |
| Total current liabilities | US$ in thousands | 2,708,000 | 2,576,000 | 3,251,000 | 2,971,000 | 2,038,000 |
| Current ratio | 1.51 | 1.35 | 1.16 | 1.56 | 1.74 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,101,000K ÷ $2,708,000K
= 1.51
The current ratio of Eastman Chemical Company has shown a fluctuating trend over the past five years. Starting at 1.74 in December 31, 2020, it decreased to 1.56 by December 31, 2021, indicating a potential decrease in liquidity. By December 31, 2022, the current ratio dropped further to 1.16, reflecting a potential strain on the company's short-term liquidity position. However, there was a slight improvement as of December 31, 2023, with the current ratio increasing to 1.35, suggesting a better ability to cover short-term obligations. By December 31, 2024, the current ratio improved to 1.51, indicating further enhancement in liquidity compared to the prior year, but still slightly lower compared to the starting point in 2020. Overall, Eastman Chemical Company has experienced variations in its current ratio, which may require further examination to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2024