Eastman Chemical Company (EMN)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,481,000 | 3,567,000 | 3,671,000 | 3,973,000 | 3,778,000 | 4,105,000 | 4,003,000 | 4,929,000 | 4,646,000 | 4,875,000 | 4,738,000 | 3,797,000 | 3,541,000 | 3,534,000 | 3,526,000 | 3,851,000 | 3,321,000 | 3,440,000 | 3,516,000 | 3,551,000 |
| Total current liabilities | US$ in thousands | 2,576,000 | 2,615,000 | 2,787,000 | 2,971,000 | 3,251,000 | 3,207,000 | 3,148,000 | 3,136,000 | 2,971,000 | 3,113,000 | 2,295,000 | 2,016,000 | 2,038,000 | 1,789,000 | 1,878,000 | 2,315,000 | 1,789,000 | 2,080,000 | 2,226,000 | 2,352,000 |
| Current ratio | 1.35 | 1.36 | 1.32 | 1.34 | 1.16 | 1.28 | 1.27 | 1.57 | 1.56 | 1.57 | 2.06 | 1.88 | 1.74 | 1.98 | 1.88 | 1.66 | 1.86 | 1.65 | 1.58 | 1.51 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,481,000K ÷ $2,576,000K
= 1.35
The current ratio for Eastman Chemical Co has displayed variability over the past eight quarters, ranging from a low of 1.16 in Q4 2022 to a high of 1.57 in Q1 2022. Overall, there seems to be a fluctuating trend in the current ratio, indicating potential changes in the company's liquidity position over time.
In Q4 2023, the current ratio stands at 1.35, slightly lower than the previous quarter's ratio of 1.36 in Q3 2023. This suggests that the company's current assets may be slightly less than its current liabilities, although it remains above the industry average of 1.
It's essential to monitor the current ratio closely to assess Eastman Chemical Co's ability to meet its short-term obligations. A consistent upward trend may indicate improved liquidity and financial health, while a declining trend could signal potential liquidity challenges that may require attention.
Peer comparison
Dec 31, 2023