Westlake Chemical Partners Balance Sheet Health
Financial Health criteria checks 4/6
Westlake Chemical Partners has a total shareholder equity of $834.8M and total debt of $399.7M, which brings its debt-to-equity ratio to 47.9%. Its total assets and total liabilities are $1.3B and $453.5M respectively. Westlake Chemical Partners's EBIT is $367.8M making its interest coverage ratio 14. It has cash and short-term investments of $66.0M.
Key information
47.9%
Debt to equity ratio
US$399.67m
Debt
| Interest coverage ratio | 14x |
| Cash | US$66.00m |
| Equity | US$834.85m |
| Total liabilities | US$453.52m |
| Total assets | US$1.29b |
Recent financial health updates
No updates
Recent updates
Westlake Corporation: Looks Attractive Even Without Momentum Assumptions
Apr 23Westlake Chemical Partners: Units Near Fair Value, Yield Premium Fair
Dec 19Westlake Chemical Partners: Attractive And Overlooked Income Play
Oct 03Westlake Chemical: Environmental Investments Could Accelerate The Demand For The Stock
Aug 01Westlake Chemical Partners: Strategically Positioned To Benefit From Megatrends
Jul 24Westlake Chemical Partners Q4 2022 Earnings Preview
Feb 20Westlake Chemical Partners: Priced Right Ahead Of Earnings, Steady Dividends Expected
Feb 06Westlake Chemical Partners declares $0.4714 dividend
Jan 23Westlake Chemical Partners Benefits From Retreat In Natural Gas Prices
Nov 14Westlake Chemical Partners declares $0.4714 dividend
Oct 31Westlake Chemical Partners Getting Crimped By Feedstock But Still Cheap
Aug 25Westlake Chemical Partners Has Solid Margins Till 2026
Jul 27Westlake Chemical Partners: More Of The Same In 2022, Downgrading
May 06Westlake Chemical Partners: Growth, Staying Power, And A 7% Yield
Feb 15Westlake Chemical Partners: Too Conservatively Financed For Their Own Good
Nov 17Westlake Chemical Partners: A Very Stable MLP That's Still Selling At A Discount
Jul 08Westlake Chemical Partners declares $0.4714 dividend
May 03The High-Yielding Standout MLP: Westlake Chemical Partners
Jan 11Westlake Chemical Partners: Premier High-Yielder Right Now, Maybe More One Day
Nov 25Westlake Chemical Partners EPS beats by $0.11, misses on revenue
Nov 03Westlake Chemical Partners declares $0.4714 dividend
Oct 30Financial Position Analysis
Short Term Liabilities: WLKP's short term assets ($232.1M) exceed its short term liabilities ($49.6M).
Long Term Liabilities: WLKP's short term assets ($232.1M) do not cover its long term liabilities ($403.9M).
Debt to Equity History and Analysis
Debt Level: WLKP's net debt to equity ratio (40%) is considered satisfactory.
Reducing Debt: WLKP's debt to equity ratio has increased from 41.1% to 47.9% over the past 5 years.
Debt Coverage: WLKP's debt is well covered by operating cash flow (108.9%).
Interest Coverage: WLKP's interest payments on its debt are well covered by EBIT (14x coverage).