Eastman Chemical Company (EMN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,779,000K
= 0.00
The debt-to-equity ratio for Eastman Chemical Company has remained consistent at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company does not have any financial leverage in its capital structure, as its total debt is either nonexistent or significantly lower than its equity. A low or zero debt-to-equity ratio typically signifies a lower financial risk and reflects a conservative approach to financing operations. However, it is essential to consider the industry norms and specific business circumstances when evaluating the implications of such a ratio.
Peer comparison
Dec 31, 2024