Western Midstream Partners Balance Sheet Health
Financial Health criteria checks 4/6
Western Midstream Partners has a total shareholder equity of $3.4B and total debt of $7.9B, which brings its debt-to-equity ratio to 233.9%. Its total assets and total liabilities are $13.0B and $9.6B respectively. Western Midstream Partners's EBIT is $1.5B making its interest coverage ratio 4.1. It has cash and short-term investments of $1.1B.
Key information
233.9%
Debt to equity ratio
US$7.90b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$1.12b |
| Equity | US$3.38b |
| Total liabilities | US$9.60b |
| Total assets | US$12.98b |
Recent financial health updates
No updates
Recent updates
Western Midstream: 9% Yield Looks Solid Despite Moderating Growth
Nov 19Western Midstream: 9% Yield With Growth Tailwinds From Permian Gas Expansion
Nov 08Western Midstream: Pumping Out A Massive 9% Yield
Oct 18Western Midstream: My Top 2 MLP Income Pick
Oct 06Western Midstream: Time To Buy This Ultra-High-Yielding Bargain
Sep 13Western Midstream Partners: High Yield Supported By Growth
Aug 098.8% Yield And Investment Grade? I'm All In - Western Midstream
Jul 30Western Midstream: One Of The Highest Energy Yields
Jul 08Western Midstream: This 9%-Yielding MLP May Be Worth Buying Now
Jun 209.3% Yield And Investment-Grade Rating Yes! Western Midstream
Jun 07Shopping For Income? Don't Ignore 9%-Yielding Western Midstream Partners
May 20Western Midstream Continues To Drive Reliable Returns
May 13Western 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 12Financial Position Analysis
Short Term Liabilities: WES's short term assets ($1.8B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: WES's short term assets ($1.8B) do not cover its long term liabilities ($8.0B).
Debt to Equity History and Analysis
Debt Level: WES's net debt to equity ratio (200.6%) is considered high.
Reducing Debt: WES's debt to equity ratio has reduced from 236.9% to 233.9% over the past 5 years.
Debt Coverage: WES's debt is well covered by operating cash flow (26%).
Interest Coverage: WES's interest payments on its debt are well covered by EBIT (4.1x coverage).