• Eastman Chemical average debt/equity ratio for 2023 was 0.84, a 13.51% decline from 2022.
• Eastman Chemical average debt/equity ratio for 2022 was 0.74, a 6.33% increase from 2021.
• Eastman Chemical average debt/equity ratio for 2021 was 0.79, a 10.23% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.