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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense. Eastman Chemical Co's Operating Income for the three months ended in Sep. 2014 was $338 Mil. Eastman Chemical Co's Interest Expense for the three months ended in Sep. 2014 was $-50 Mil. Eastman Chemical Co's interest coverage for the quarter that ended in Sep. 2014 was 6.76. The higher the ratio, the stronger the companys financial strength is.
During the past 13 years, the highest interest coverage of Eastman Chemical Co was 13.43. The lowest was 1.52. And the median was 6.12.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense:
|Eastman Chemical Co did not have earnings to cover the interest expense.|
|Eastman Chemical Co had no debt.|
Eastman Chemical Co's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as
|Interest Coverage||=||-1||*||Operating Income (A: Dec. 2013 )||/||Interest Expense (A: Dec. 2013 )|
Eastman Chemical Co's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as
|Interest Coverage||=||-1||*||Operating Income (Q: Sep. 2014 )||/||Interest Expense (Q: Sep. 2014 )|
The higher the ratio, the stronger the companys financial strength is.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a companys overage financial strength.
Eastman Chemical Co Annual Data
Eastman Chemical Co Quarterly Data
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