Eastman Chemical Co (Eastman Chemical Co) Interest Expense : $-225 Mil (TTM As of Dec. 2023)

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What is Eastman Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Eastman Chemical Co's interest expense for the three months ended in Dec. 2023 was $ -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-225 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Eastman Chemical Co's Operating Income for the three months ended in Dec. 2023 was $ 175 Mil. Eastman Chemical Co's Interest Expense for the three months ended in Dec. 2023 was $ -54 Mil. Eastman Chemical Co's Interest Coverage for the quarter that ended in Dec. 2023 was 3.24. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Eastman Chemical Co Interest Expense Historical Data

The historical data trend for Eastman Chemical Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Eastman Chemical Co Interest Expense Chart

Eastman Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-221.00

-210.00

-198.00

-188.00

-225.00

Eastman Chemical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-51.00	-55.00	-57.00	-59.00	-54.00

Eastman Chemical Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-225 Mil.

Eastman Chemical Co (NYSE:EMN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Eastman Chemical Co's Interest Expense for the three months ended in Dec. 2023 was $-54 Mil. Its Operating Income for the three months ended in Dec. 2023 was $175 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,305 Mil.

Eastman Chemical Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	175	/	-54
	=	3.24

The higher the ratio, the stronger the company's financial strength is.

Eastman Chemical Co (Eastman Chemical Co) Business Description

Industry

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Traded in Other Exchanges

EMN:Mexico EAC:Germany

Address

200 South Wilcox Drive, Kingsport, TN, USA, 37662

Website

https://www.eastman.com

Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.

Executives

Adrian James Holt	officer: SVP, Chf HR Ofcr	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Julie A. Mcalindon	officer: SVP SupChn,Regions&Transform	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Linnie M Haynesworth	director	214 N TRYON STREET, CHARLOTTE NC 28202
Brian Travis Smith	officer: SVP, Add & Funct Prod	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Eric L Butler	director	1400 DOUGLAS STREET, STOP 1210, OMAHA NE 68179
Mark K Cox	officer: Senior Vice President	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Christopher Moore Killian	officer: SVP & CTO	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Stephen Glenn Crawford	officer: SVP & CTO	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Michelle Renee Stewart	officer: CAO & Controller	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Brad A Lich	officer: Executive Vice President	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Mark J Costa	director, officer: Chief Executive Officer	200 SOUTH WILCOX DRIVE, P.O. BOX 431, KINGSPORT TN 37660
Perry Stuckey	officer: SVP, Chf HR Ofcr	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Scott V. King	officer: VP, Finance & CAO	100 N. EASTMAN ROAD, B54, KINGSPORT TN 37660
Lucian Boldea	officer: Senior Vice President	855 S. MINT STREET, CHARLOTTE NC 28202
Vanessa Allen Sutherland	director	650 W PEACHTREE ST NW, ATLANTA GA 30308