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Eastman Chemical’s Debt-to-Equity Ratio Will Increase

Eastman Chemical’s Debt-to-Equity Ratio Will Increase

At the end of the third quarter, Eastman Chemical’s (EMN) total debt stood at $6.62 billion. The company’s debt increased after declining for three years. Since 2012, Eastman Chemical’s debt has grown at a compound annual growth rate of ~7.0%. The debt includes long-term borrowings and the borrowings due to be paid within one year.