Eastman Chemical Company (EMN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 15,213,000 | 14,633,000 | 14,667,000 | 15,519,000 | 16,083,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $15,213,000K
= 0.00
The debt-to-assets ratio for Eastman Chemical Company has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company relies solely on equity financing or has very minimal debt obligations compared to its total assets. This can be perceived positively by investors and creditors as it signifies a lower financial risk and potentially stable financial health for the company. Overall, Eastman Chemical Company's consistent low debt-to-assets ratio reflects a conservative approach to capital structure management.
Peer comparison
Dec 31, 2024