Eastman Total Assets vs Net Debt Analysis

EMN Stock

USD 95.56 0.57 0.59%

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 Total Assets and its Net Debt 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.

Total Assets vs Net Debt

Total Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastman Chemical Total Assets account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Eastman Chemical's Total Assets and Net Debt is 0.9. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt 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 Total Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Eastman Chemical are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Assets i.e., Eastman Chemical's Total Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Assets

Total assets refers to the total amount of Eastman Chemical assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Eastman Chemical books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 29th of April 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

Gross Profit Total Revenue

Eastman Chemical fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Current Deferred Revenue	Short Term Debt
Total Assets		0.93	0.35	0.72	0.88	0.95	0.9	0.59	0.62	-0.02	0.99	0.16	-0.17	0.89	-0.3	0.88	0.91	0.14	-0.28	0.96	0.8	0.22	0.69	0.69	0.41	0.1
Short Long Term Debt Total	0.93		0.43	0.53	0.66	0.84	1.0	0.33	0.38	-0.28	0.96	0.09	-0.39	0.7	-0.05	0.98	0.78	0.22	-0.03	0.99	0.57	0.01	0.55	0.55	0.23	-0.02
Other Current Liab	0.35	0.43		0.13	0.12	0.28	0.42	0.08	0.04	-0.08	0.37	-0.03	-0.07	0.14	-0.07	0.49	0.29	0.48	0.05	0.45	0.2	-0.02	0.47	0.48	-0.57	-0.28
Total Current Liabilities	0.72	0.53	0.13		0.74	0.7	0.48	0.74	0.94	0.45	0.64	-0.04	0.3	0.72	-0.55	0.41	0.85	0.09	-0.7	0.63	0.9	0.68	0.62	0.62	0.59	0.63
Total Stockholder Equity	0.88	0.66	0.12	0.74		0.92	0.62	0.76	0.73	0.19	0.83	0.18	0.04	0.94	-0.48	0.58	0.85	-0.06	-0.49	0.7	0.85	0.36	0.64	0.64	0.53	0.21
Property Plant And Equipment Net	0.95	0.84	0.28	0.7	0.92		0.81	0.72	0.64	0.03	0.95	-0.03	-0.13	0.86	-0.46	0.78	0.88	0.01	-0.44	0.86	0.73	0.34	0.63	0.63	0.4	0.13
Net Debt	0.9	1.0	0.42	0.48	0.62	0.81		0.28	0.33	-0.36	0.94	0.08	-0.47	0.67	0.01	0.98	0.74	0.23	0.03	0.97	0.51	-0.03	0.5	0.5	0.2	-0.04
Retained Earnings	0.59	0.33	0.08	0.74	0.76	0.72	0.28		0.77	0.45	0.52	-0.17	0.3	0.68	-0.88	0.24	0.66	-0.16	-0.9	0.41	0.72	0.8	0.44	0.45	0.48	0.34
Accounts Payable	0.62	0.38	0.04	0.94	0.73	0.64	0.33	0.77		0.41	0.52	-0.15	0.25	0.69	-0.6	0.25	0.81	0.13	-0.77	0.47	0.87	0.76	0.55	0.55	0.56	0.62
Cash	-0.02	-0.28	-0.08	0.45	0.19	0.03	-0.36	0.45	0.41		-0.12	0.11	0.97	0.12	-0.64	-0.32	0.15	-0.19	-0.62	-0.15	0.41	0.49	0.38	0.39	0.27	0.33
Non Current Assets Total	0.99	0.96	0.37	0.64	0.83	0.95	0.94	0.52	0.52	-0.12		0.12	-0.26	0.84	-0.23	0.93	0.87	0.14	-0.2	0.97	0.7	0.13	0.65	0.65	0.35	0.03
Non Currrent Assets Other	0.16	0.09	-0.03	-0.04	0.18	-0.03	0.08	-0.17	-0.15	0.11	0.12		0.19	0.31	0.24	0.16	-0.03	-0.12	0.35	0.12	0.28	-0.45	0.2	0.2	0.11	-0.29
Cash And Short Term Investments	-0.17	-0.39	-0.07	0.3	0.04	-0.13	-0.47	0.3	0.25	0.97	-0.26	0.19		-0.03	-0.55	-0.42	0.01	-0.24	-0.49	-0.27	0.27	0.34	0.34	0.34	0.1	0.21
Net Receivables	0.89	0.7	0.14	0.72	0.94	0.86	0.67	0.68	0.69	0.12	0.84	0.31	-0.03		-0.37	0.65	0.8	0.06	-0.38	0.75	0.89	0.3	0.59	0.59	0.54	0.16
Common Stock Shares Outstanding	-0.3	-0.05	-0.07	-0.55	-0.48	-0.46	0.01	-0.88	-0.6	-0.64	-0.23	0.24	-0.55	-0.37		0.0	-0.43	0.25	0.91	-0.15	-0.51	-0.8	-0.43	-0.45	-0.28	-0.15
Non Current Liabilities Total	0.88	0.98	0.49	0.41	0.58	0.78	0.98	0.24	0.25	-0.32	0.93	0.16	-0.42	0.65	0.0		0.7	0.26	0.09	0.97	0.49	-0.1	0.55	0.55	0.14	-0.19
Inventory	0.91	0.78	0.29	0.85	0.85	0.88	0.74	0.66	0.81	0.15	0.87	-0.03	0.01	0.8	-0.43	0.7		0.16	-0.48	0.83	0.84	0.39	0.79	0.79	0.42	0.26
Other Current Assets	0.14	0.22	0.48	0.09	-0.06	0.01	0.23	-0.16	0.13	-0.19	0.14	-0.12	-0.24	0.06	0.25	0.26	0.16		0.16	0.25	0.12	-0.05	0.13	0.13	-0.14	0.03
Other Stockholder Equity	-0.28	-0.03	0.05	-0.7	-0.49	-0.44	0.03	-0.9	-0.77	-0.62	-0.2	0.35	-0.49	-0.38	0.91	0.09	-0.48	0.16		-0.12	-0.57	-0.94	-0.29	-0.3	-0.42	-0.53
Total Liab	0.96	0.99	0.45	0.63	0.7	0.86	0.97	0.41	0.47	-0.15	0.97	0.12	-0.27	0.75	-0.15	0.97	0.83	0.25	-0.12		0.67	0.1	0.64	0.64	0.28	0.01
Total Current Assets	0.8	0.57	0.2	0.9	0.85	0.73	0.51	0.72	0.87	0.41	0.7	0.28	0.27	0.89	-0.51	0.49	0.84	0.12	-0.57	0.67		0.52	0.71	0.71	0.55	0.35
Property Plant And Equipment Gross	0.22	0.01	-0.02	0.68	0.36	0.34	-0.03	0.8	0.76	0.49	0.13	-0.45	0.34	0.3	-0.8	-0.1	0.39	-0.05	-0.94	0.1	0.52		0.17	0.18	0.43	0.59
Common Stock Total Equity	0.69	0.55	0.47	0.62	0.64	0.63	0.5	0.44	0.55	0.38	0.65	0.2	0.34	0.59	-0.43	0.55	0.79	0.13	-0.29	0.64	0.71	0.17		1.0	0.11	-0.11
Common Stock	0.69	0.55	0.48	0.62	0.64	0.63	0.5	0.45	0.55	0.39	0.65	0.2	0.34	0.59	-0.45	0.55	0.79	0.13	-0.3	0.64	0.71	0.18	1.0		0.11	-0.11
Current Deferred Revenue	0.41	0.23	-0.57	0.59	0.53	0.4	0.2	0.48	0.56	0.27	0.35	0.11	0.1	0.54	-0.28	0.14	0.42	-0.14	-0.42	0.28	0.55	0.43	0.11	0.11		0.52
Short Term Debt	0.1	-0.02	-0.28	0.63	0.21	0.13	-0.04	0.34	0.62	0.33	0.03	-0.29	0.21	0.16	-0.15	-0.19	0.26	0.03	-0.53	0.01	0.35	0.59	-0.11	-0.11	0.52

Click cells to compare fundamentals

Eastman Chemical Account Relationship Matchups

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

Pair Trading with Eastman Chemical

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eastman Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eastman Chemical will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eastman Stock

0.92	DD	Dupont De Nemours Report 7th of May 2024	Pair Corr
0.93	FF	FutureFuel Corp	Pair Corr
0.77	ECVT	Ecovyst Financial Report 2nd of May 2024	Pair Corr

Moving against Eastman Stock

0.71

WDFC

WD 40 Company Financial Report 8th of July 2024

Pair Corr

The ability to find closely correlated positions to Eastman Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastman Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eastman Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eastman Chemical to buy it.

The correlation of Eastman Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastman Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastman Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Eastman Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Eastman Chemical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastman Chemical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eastman Chemical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastman Chemical Stock:

How To Invest In Eastman

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Is Eastman Stock a good investment?

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What is Eastman Chemical's Net Worth?

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Largest Specialty Chemicals Companies

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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.

You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running Eastman Chemical's price analysis, check to measure Eastman Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eastman Chemical is operating at the current time. Most of Eastman Chemical's value examination focuses on studying past and present price action to predict the probability of Eastman Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastman Chemical's price. Additionally, you may evaluate how the addition of Eastman Chemical to your portfolios can decrease your overall portfolio volatility.

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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

7.49

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.

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Eastman Total Assets vs Net Debt Analysis

Total Assets vs Net Debt

Total Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Total Assets

Net Debt

Eastman Chemical fundamental ratios Correlations

Eastman Chemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eastman Chemical fundamental ratios Accounts

Pair Trading with Eastman Chemical

Moving together with Eastman Stock

Moving against Eastman Stock

Complementary Tools for Eastman Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.98	Net Debt

Property Plant And Equipment Gross	- 0.94	Other Stockholder Equity
Other Stockholder Equity	- 0.9	Retained Earnings
Common Stock Shares Outstanding	- 0.88	Retained Earnings
Property Plant And Equipment Gross	- 0.8	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.77	Accounts Payable
Other Stockholder Equity	- 0.7	Total Current Liabilities