Westlake Chemical Partners Balance Sheet Health
Financial Health criteria checks 5/6
Westlake Chemical Partners has a total shareholder equity of $856.3M and total debt of $399.7M, which brings its debt-to-equity ratio to 46.7%. Its total assets and total liabilities are $1.3B and $460.6M respectively. Westlake Chemical Partners's EBIT is $357.7M making its interest coverage ratio 13.5. It has cash and short-term investments of $58.6M.
Key information
46.7%
Debt to equity ratio
US$399.67m
Debt
Interest coverage ratio | 13.5x |
Cash | US$58.62m |
Equity | US$856.25m |
Total liabilities | US$460.59m |
Total assets | US$1.32b |
Recent financial health updates
No updates
Recent updates
Westlake 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 ($226.2M) exceed its short term liabilities ($56.3M).
Long Term Liabilities: WLKP's short term assets ($226.2M) do not cover its long term liabilities ($404.3M).
Debt to Equity History and Analysis
Debt Level: WLKP's net debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: WLKP's debt to equity ratio has reduced from 51.1% to 46.7% over the past 5 years.
Debt Coverage: WLKP's debt is well covered by operating cash flow (113.1%).
Interest Coverage: WLKP's interest payments on its debt are well covered by EBIT (13.5x coverage).