Eastman Chemical Company (EMN)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,101,000 | 3,937,000 | 3,842,000 | 3,638,000 | 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 |
| Total current liabilities | US$ in thousands | 2,708,000 | 2,590,000 | 2,741,000 | 2,618,000 | 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 |
| Current ratio | 1.51 | 1.52 | 1.40 | 1.39 | 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 |
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 displayed fluctuations over the reporting periods provided. The current ratio indicates the company's ability to meet its short-term financial obligations using its current assets.
From March 31, 2020, to June 30, 2022, the current ratio showed an increasing trend, reaching a peak of 2.06 on June 30, 2021, indicating improvement in the company's short-term liquidity position. However, from September 30, 2021, to December 31, 2024, the current ratio fluctuated within a narrower range, albeit at lower levels, with the ratio ranging from 1.16 to 1.52.
The highest current ratio of 2.06 on June 30, 2021, reflects a strong ability to cover short-term obligations with current assets. On the other hand, the lowest ratio of 1.16 on December 31, 2022, and 1.27 on June 30, 2022, suggests a reduced ability to pay off current liabilities with current assets, indicating potential liquidity challenges during those periods.
Overall, fluctuations in the current ratio suggest varying levels of liquidity and operational efficiency within Eastman Chemical Company during the reporting periods analyzed. Monitoring changes in the current ratio can provide insights into the company's short-term financial health and liquidity management.
Peer comparison
Dec 31, 2024