Eastman Chemical Company (EMN)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,779,000 | 5,458,000 | 5,153,000 | 5,704,000 | 6,023,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,779,000K)
= 0.00
The debt-to-capital ratio of Eastman Chemical Company has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied heavily on debt to fund its operations or expansion, as its debt level is negligible compared to its total capital. A low debt-to-capital ratio is generally seen as a positive indicator of a company's financial health and stability, as it suggests lower financial risk and potential for higher profitability. Eastman Chemical Company's consistent 0.00 debt-to-capital ratio over this period reflects a prudent financial management strategy focused on maintaining a strong balance sheet and minimizing financial leverage.
Peer comparison
Dec 31, 2024