Western Midstream Partners Balance Sheet Health
Financial Health criteria checks 2/6
Western Midstream Partners has a total shareholder equity of $3.0B and total debt of $7.9B, which brings its debt-to-equity ratio to 259.7%. Its total assets and total liabilities are $12.5B and $9.4B respectively. Western Midstream Partners's EBIT is $1.3B making its interest coverage ratio 3.7. It has cash and short-term investments of $272.8M.
Key information
259.7%
Debt to equity ratio
US$7.87b
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$272.79m |
| Equity | US$3.03b |
| Total liabilities | US$9.44b |
| Total assets | US$12.47b |
Recent financial health updates
No updates
Recent updates
Western Midstream: 10% Forward Yield Plus Capital Appreciation From Investment Grade Company
Apr 03Western Midstream: Redlining The Balance Sheet
Mar 16Western Midstream's Recent Strength Doesn't Change The Thesis
Mar 05My Income Climbed 52%, More Capital Gains Ahead: Western Midstream
Feb 28Western Midstream: The Breakout Is Here And It's Likely Not Over
Feb 22Natural Gas Demand Is Soaring: Earn +8% Yields From Western Midstream
Dec 26Finding Diamonds In The Rough: Uncovering Dividend Gems
Dec 15
Western Midstream Partners: Latest Actions Should Drive A Breakout
Nov 02Western Midstream: Meritage Acquisition Should Drive Growth
Oct 26Western Midstream's Lack Of Appreciation Is Your Opportunity
Oct 01Western Midstream Partners LP: Strong And Reliable Yield For The Dividend-Oriented Investor
Sep 25Western Midstream Partners: Guidance Doesn't Reflect Long-Term Opportunity
Aug 13Western Midstream Partners LP: Occidental Benefits
Jul 24Western Midstream: Steady Performer Remains A Buy
Jul 13Western Midstream: Leading The Pack In Midstream
Jun 13Western Midstream: Buy The Dip
Jun 06Western Midstream: Untapped Potential
Feb 21Western Midstream Partners declares $0.50 dividend
Jan 20Western Midstream: Growth Moderating, Bonds Looking Competitive
Nov 04Western Midstream Partners goes ex-dividend tomorrow
Oct 27Western Midstream Partners: A 12% Distribution Yield Could Be Coming Soon
Sep 10Western Midstream: A Double-Digit Yielding Investment For Any Retirement Portfolio
Aug 08Western Midstream Partners goes ex-dividend tomorrow
Jul 28Western Midstream: Still Cheap Despite Operational Strides And Outperformance
May 26Western Midstream: New Deals Speed Up Growth
May 12Western Midstream Is An Important Core Holding For Any Portfolio
Apr 04Western Midstream Partners: Big Payouts In The Pipeline
Feb 25Western Midstream Is Rewarding Shareholders On All Fronts
Jan 26Western Midstream Has Continued Appreciation Potential
Nov 30Western Midstream Partners: Distribution Growth Set To Accelerate In 2022 And Beyond
Oct 24Western Midstream Partners: Cash Flow Machine Just Getting Started
Aug 12Pounding The Table For Western Midstream Partners
Jun 02Western Midstream Partners Q1 2021 Earnings Preview
May 09Western Midstream Partners: Undervalued And Growing Top And Bottom Lines
Dec 15Financial Position Analysis
Short Term Liabilities: WES's short term assets ($992.4M) do not cover its short term liabilities ($1.3B).
Long Term Liabilities: WES's short term assets ($992.4M) do not cover its long term liabilities ($8.1B).
Debt to Equity History and Analysis
Debt Level: WES's net debt to equity ratio (250.6%) is considered high.
Reducing Debt: WES's debt to equity ratio has increased from 107.2% to 259.7% over the past 5 years.
Debt Coverage: WES's debt is well covered by operating cash flow (21.1%).
Interest Coverage: WES's interest payments on its debt are well covered by EBIT (3.7x coverage).