Westlake Balance Sheet Health
Financial Health criteria checks 5/6
Westlake has a total shareholder equity of $11.2B and total debt of $4.6B, which brings its debt-to-equity ratio to 41.3%. Its total assets and total liabilities are $21.1B and $9.9B respectively. Westlake's EBIT is $837.0M making its interest coverage ratio 167.4. It has cash and short-term investments of $2.9B.
Key information
41.3%
Debt to equity ratio
US$4.62b
Debt
| Interest coverage ratio | 167.4x |
| Cash | US$2.92b |
| Equity | US$11.19b |
| Total liabilities | US$9.92b |
| Total assets | US$21.11b |
Recent financial health updates
Is Westlake (NYSE:WLK) Using Too Much Debt?
Oct 23
Here's Why Westlake (NYSE:WLK) Can Manage Its Debt Responsibly
Jul 15Is Westlake (NYSE:WLK) Using Too Much Debt?
Apr 05Is Westlake (NYSE:WLK) Using Too Much Debt?
Nov 24We Think Westlake (NYSE:WLK) Can Stay On Top Of Its Debt
Aug 18These 4 Measures Indicate That Westlake (NYSE:WLK) Is Using Debt Reasonably Well
Apr 29Recent updates
Some May Be Optimistic About Westlake's (NYSE:WLK) Earnings
Nov 16Is Westlake (NYSE:WLK) Using Too Much Debt?
Oct 23What Does Westlake Corporation's (NYSE:WLK) Share Price Indicate?
Sep 17Westlake Corporation (NYSE:WLK) Doing What It Can To Lift Shares
Aug 30Westlake Corporation Just Beat EPS By 23%: Here's What Analysts Think Will Happen Next
Aug 12Here's Why Westlake (NYSE:WLK) Can Manage Its Debt Responsibly
Jul 15Westlake Corporation (NYSE:WLK) Shares Could Be 24% Below Their Intrinsic Value Estimate
Jun 27What Is Westlake Corporation's (NYSE:WLK) Share Price Doing?
Jun 09There's Reason For Concern Over Westlake Corporation's (NYSE:WLK) Price
May 21Is Westlake (NYSE:WLK) Using Too Much Debt?
Apr 05Estimating The Fair Value Of Westlake Corporation (NYSE:WLK)
Mar 18Little Excitement Around Westlake Corporation's (NYSE:WLK) Earnings
Feb 05Westlake Corp. And Its Real Value
Dec 18Calculating The Fair Value Of Westlake Corporation (NYSE:WLK)
Dec 12Is Westlake (NYSE:WLK) Using Too Much Debt?
Nov 24Is Now The Time To Look At Buying Westlake Corporation (NYSE:WLK)?
Nov 05Westlake Corporation: Executing Well Under Tough Economic Conditions
Oct 23An Intrinsic Calculation For Westlake Corporation (NYSE:WLK) Suggests It's 41% Undervalued
Sep 08Westlake: Why The Company Is Overvalued Here
Aug 22We Think Westlake (NYSE:WLK) Can Stay On Top Of Its Debt
Aug 18Westlake's (NYSE:WLK) Dividend Will Be Increased To $0.50
Aug 18Is It Too Late To Consider Buying Westlake Corporation (NYSE:WLK)?
Jul 31Westlake Corporation: Deep Value For Long-Term Investors
Jun 09Are Investors Undervaluing Westlake Corporation (NYSE:WLK) By 35%?
Jun 05These 4 Measures Indicate That Westlake (NYSE:WLK) Is Using Debt Reasonably Well
Apr 29Is Now An Opportune Moment To Examine Westlake Corporation (NYSE:WLK)?
Apr 11An Intrinsic Calculation For Westlake Corporation (NYSE:WLK) Suggests It's 27% Undervalued
Feb 20Westlake Corporation declares $0.357 dividend
Feb 17Here's Why Westlake (NYSE:WLK) Has Caught The Eye Of Investors
Feb 03We Think Westlake (NYSE:WLK) Can Stay On Top Of Its Debt
Jan 19Westlake Chemicals: Better Than I Thought, But Still A 'Hold' For 2023
Jan 13Is Now The Time To Look At Buying Westlake Corporation (NYSE:WLK)?
Jan 04Westlake Corporation declares $0.357 dividend
Nov 11Westlake Corporation: Shares Priced Cheaply With Momentum Ahead Of Earnings Thursday
Nov 02If EPS Growth Is Important To You, Westlake (NYSE:WLK) Presents An Opportunity
Oct 29Financial Position Analysis
Short Term Liabilities: WLK's short term assets ($6.5B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: WLK's short term assets ($6.5B) do not cover its long term liabilities ($7.6B).
Debt to Equity History and Analysis
Debt Level: WLK's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: WLK's debt to equity ratio has reduced from 54.1% to 41.3% over the past 5 years.
Debt Coverage: WLK's debt is well covered by operating cash flow (31.5%).
Interest Coverage: WLK's interest payments on its debt are well covered by EBIT (167.4x coverage).