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Eastman Chemical Co (BSP:E1MN34) Interest Expense : R$-1,097 Mil (TTM As of Mar. 2024)


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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 Mar. 2024 was R$ -264 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-1,097 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 Mar. 2024 was R$ 1,429 Mil. Eastman Chemical Co's Interest Expense for the three months ended in Mar. 2024 was R$ -264 Mil. Eastman Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.42. 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.

* Premium members only.

Eastman Chemical Co Interest Expense Chart

Eastman Chemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -907.10 -1,080.39 -1,119.67 -986.14 -1,102.46

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
Interest Expense 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 -286.47 -276.66 -291.38 -264.59 -263.93

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-1,097 Mil.

* 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.

Eastman Chemical Co  (BSP:E1MN34) Interest Expense Explanation

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. The higher, the better.

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 Mar. 2024 was R$-264 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$1,429 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$21,612 Mil.

Eastman Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*1429.203/-263.929
=5.42

* 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.

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

Eastman Chemical Co (BSP:E1MN34) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eastman Chemical Co (BSP:E1MN34) » Definitions » Interest Expense
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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.

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