Westlake Chemical Partners Balance Sheet Health
Financial Health criteria checks 3/6
Westlake Chemical Partners has a total shareholder equity of $837.8M and total debt of $399.7M, which brings its debt-to-equity ratio to 47.7%. Its total assets and total liabilities are $1.3B and $456.9M respectively. Westlake Chemical Partners's EBIT is $385.0M making its interest coverage ratio 14.5. It has cash and short-term investments of $60.2M.
Key information
47.7%
Debt to equity ratio
US$399.67m
Debt
| Interest coverage ratio | 14.5x |
| Cash | US$60.21m |
| Equity | US$837.81m |
| Total liabilities | US$456.88m |
| Total assets | US$1.29b |
Recent financial health updates
No updates
Recent updates
Westlake Chemical Partners: A Value Investor's Dream With Superb Dividend
Nov 04Westlake 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 ($241.6M) exceed its short term liabilities ($53.3M).
Long Term Liabilities: WLKP's short term assets ($241.6M) do not cover its long term liabilities ($403.6M).
Debt to Equity History and Analysis
Debt Level: WLKP's net debt to equity ratio (40.5%) is considered high.
Reducing Debt: WLKP's debt to equity ratio has increased from 41.5% to 47.7% over the past 5 years.
Debt Coverage: WLKP's debt is well covered by operating cash flow (115.1%).
Interest Coverage: WLKP's interest payments on its debt are well covered by EBIT (14.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:23 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Westlake Chemical Partners LP is covered by 12 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Gross | Barclays |
| Michael Leithead | Barclays |
| Stephen V. Byrne | BofA Global Research |