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Eastman Chemical Co (LTS:0IF3) Debt-to-Revenue : 0.55 (As of Mar. 2024)


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What is Eastman Chemical Co Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Eastman Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $740 Mil. Eastman Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4,340 Mil. Eastman Chemical Co's annualized Revenue for the quarter that ended in Mar. 2024 was $9,240 Mil. Eastman Chemical Co's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.55.


Eastman Chemical Co Debt-to-Revenue Historical Data

The historical data trend for Eastman Chemical Co's Debt-to-Revenue 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.

* Premium members only.

Eastman Chemical Co Debt-to-Revenue Chart

Eastman Chemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.66 0.49 0.49 0.53

Eastman Chemical Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.59 0.59 0.58 0.55 0.55

Competitive Comparison of Eastman Chemical Co's Debt-to-Revenue

For the Specialty Chemicals subindustry, Eastman Chemical Co's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Eastman Chemical Co's Debt-to-Revenue Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Eastman Chemical Co's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Eastman Chemical Co's Debt-to-Revenue falls into.



Eastman Chemical Co Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Eastman Chemical Co's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(541 + 4305) / 9210
=0.53

Eastman Chemical Co's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(740 + 4340) / 9240
=0.55

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.


Eastman Chemical Co Debt-to-Revenue Related Terms

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Eastman Chemical Co (LTS:0IF3) Business Description

Traded in Other Exchanges
Address
200 South Wilcox Drive, Kingsport, TN, USA, 37662
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.

Eastman Chemical Co (LTS:0IF3) Headlines

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