Eastman Chemical Company (EMN)

Debt-to-equity 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 5,779,000 5,654,000 5,627,000 5,538,000 5,458,000 5,352,000 5,281,000 5,188,000 5,153,000 5,384,000 5,323,000 5,893,000 5,704,000 6,120,000 5,944,000 6,233,000 6,023,000 6,075,000 6,021,000 6,117,000
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 consistently been at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt during this period in relation to its equity. A debt-to-equity ratio of 0.00 typically suggests that the company is primarily funded by equity rather than debt. In the case of Eastman Chemical Company, having a debt-to-equity ratio of 0.00 for multiple periods shows that it has been managing its capital structure by relying more on equity financing rather than taking on debt to fund its operations and growth.