Eastman Non Current Liabilities Total vs Net Receivables Analysis
EMN Stock | USD 100.82 2.37 2.41% |
Eastman Chemical financial indicator trend analysis is much more than just examining Eastman Chemical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastman Chemical is a good investment. Please check the relationship between Eastman Chemical Non Current Liabilities Total and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.
Non Current Liabilities Total vs Net Receivables
Non Current Liabilities Total vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastman Chemical Non Current Liabilities Total account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Eastman Chemical's Non Current Liabilities Total and Net Receivables is 0.65. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Eastman Chemical, assuming nothing else is changed. The correlation between historical values of Eastman Chemical's Non Current Liabilities Total and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Eastman Chemical are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Non Current Liabilities Total i.e., Eastman Chemical's Non Current Liabilities Total and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Liabilities Total
Net Receivables
Most indicators from Eastman Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastman Chemical current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.As of the 31st of May 2024, Tax Provision is likely to grow to about 113.1 M, while Selling General Administrative is likely to drop about 567.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.5B | 2.1B | 2.1B | 1.8B | Total Revenue | 10.5B | 10.6B | 9.2B | 7.8B |
Eastman Chemical fundamental ratios Correlations
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Eastman Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastman Chemical fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 16.0B | 16.1B | 15.5B | 14.7B | 14.6B | 10.2B | |
Short Long Term Debt Total | 5.8B | 5.6B | 5.2B | 5.2B | 5.0B | 3.6B | |
Other Current Liab | 280M | 252M | 376M | 135M | 578M | 458.0M | |
Total Current Liabilities | 1.8B | 2.0B | 3.0B | 3.3B | 2.6B | 1.6B | |
Total Stockholder Equity | 6.0B | 6.0B | 5.7B | 5.2B | 5.5B | 3.1B | |
Property Plant And Equipment Net | 5.6B | 5.5B | 5.0B | 5.2B | 5.7B | 4.5B | |
Net Debt | 5.6B | 5.1B | 4.7B | 4.7B | 4.4B | 3.3B | |
Retained Earnings | 8.0B | 8.1B | 8.6B | 9.0B | 9.5B | 10.0B | |
Accounts Payable | 890M | 799M | 1.2B | 1.3B | 1.2B | 779.0M | |
Cash | 204M | 564M | 459M | 493M | 548M | 362.3M | |
Non Current Assets Total | 12.7B | 12.5B | 10.9B | 10.9B | 11.2B | 7.7B | |
Non Currrent Assets Other | 674M | 736M | 874M | 1M | (85M) | (80.8M) | |
Cash And Short Term Investments | 204M | 564M | 459M | 493M | 548M | 369.4M | |
Net Receivables | 1.4B | 1.5B | 1.6B | 1.3B | 1.2B | 994.0M | |
Common Stock Shares Outstanding | 142.9M | 138.5M | 136.5M | 137.1M | 119.4M | 121.3M | |
Liabilities And Stockholders Equity | 16.0B | 16.1B | 15.5B | 14.7B | 14.6B | 10.2B | |
Non Current Liabilities Total | 8.2B | 7.9B | 6.8B | 6.2B | 6.5B | 5.5B | |
Inventory | 1.7B | 1.4B | 1.5B | 1.9B | 1.7B | 1.0B | |
Other Current Assets | 73M | 80M | 83M | 96M | 114M | 83.6M | |
Other Stockholder Equity | (1.8B) | (1.8B) | (2.7B) | (3.6B) | (3.7B) | (3.5B) | |
Total Liab | 10.0B | 10.0B | 9.7B | 9.4B | 9.1B | 7.1B | |
Total Current Assets | 3.3B | 3.5B | 4.6B | 3.8B | 3.5B | 2.5B | |
Property Plant And Equipment Gross | 5.6B | 5.5B | 12.7B | 12.9B | 13.6B | 14.3B | |
Accumulated Other Comprehensive Income | (214M) | (273M) | (182M) | (205M) | (319M) | (335.0M) | |
Current Deferred Revenue | 448M | 638M | 620M | 671M | 287M | 301.4M | |
Short Term Debt | 171M | 349M | 747M | 1.1B | 541M | 292.9M | |
Intangible Assets | 2.0B | 1.8B | 1.4B | 1.2B | 1.1B | 1.3B | |
Other Liab | 2.4B | 2.5B | 2.2B | 2.0B | 2.3B | 2.0B | |
Other Assets | 303M | 6.3B | 521M | 533M | 613.0M | 622.3M | |
Long Term Debt | 5.6B | 5.3B | 4.4B | 4.0B | 4.3B | 3.9B | |
Good Will | 4.4B | 4.5B | 3.6B | 3.7B | 3.6B | 2.4B | |
Treasury Stock | (3.9B) | (4.0B) | (4.9B) | (5.9B) | (5.3B) | (5.1B) | |
Property Plant Equipment | 5.6B | 5.5B | 5.0B | 5.2B | 5.9B | 4.6B | |
Net Tangible Assets | (484M) | (234M) | 669M | 279M | 251.1M | 263.7M | |
Retained Earnings Total Equity | 8.0B | 8.1B | 8.6B | 9.0B | 10.3B | 6.2B | |
Long Term Debt Total | 5.6B | 5.3B | 4.4B | 4.0B | 4.6B | 5.1B | |
Capital Surpluse | 2.1B | 2.2B | 2.2B | 2.3B | 2.7B | 1.9B | |
Deferred Long Term Liab | 915M | 848M | 810M | 671M | 771.7M | 741.7M |
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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Is Eastman Chemical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastman Chemical. If investors know Eastman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastman Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.241 | Dividend Share 3.2 | Earnings Share 7.94 | Revenue Per Share 77.04 | Quarterly Revenue Growth (0.04) |
The market value of Eastman Chemical is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Chemical's value that differs from its market value or its book value, called intrinsic value, which is Eastman Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastman Chemical's market value can be influenced by many factors that don't directly affect Eastman Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastman Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastman Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.