Westlake Chemical Partners LP

NYSE:WLKP Stock Report

Market Cap: US$789.2m

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 ratio14x
CashUS$66.00m
EquityUS$834.85m
Total liabilitiesUS$453.52m
Total assetsUS$1.29b

Recent financial health updates

No updates

Recent updates

Westlake Corporation: Looks Attractive Even Without Momentum Assumptions

Apr 23

Westlake Chemical Partners: Units Near Fair Value, Yield Premium Fair

Dec 19

Westlake Chemical Partners: Attractive And Overlooked Income Play

Oct 03

Westlake Chemical: Environmental Investments Could Accelerate The Demand For The Stock

Aug 01

Westlake Chemical Partners: Strategically Positioned To Benefit From Megatrends

Jul 24

Westlake Chemical Partners Q4 2022 Earnings Preview

Feb 20

Westlake Chemical Partners: Priced Right Ahead Of Earnings, Steady Dividends Expected

Feb 06

Westlake Chemical Partners declares $0.4714 dividend

Jan 23

Westlake Chemical Partners Benefits From Retreat In Natural Gas Prices

Nov 14

Westlake Chemical Partners declares $0.4714 dividend

Oct 31

Westlake Chemical Partners Getting Crimped By Feedstock But Still Cheap

Aug 25

Westlake Chemical Partners Has Solid Margins Till 2026

Jul 27

Westlake Chemical Partners: More Of The Same In 2022, Downgrading

May 06

Westlake Chemical Partners: Growth, Staying Power, And A 7% Yield

Feb 15

Westlake Chemical Partners: Too Conservatively Financed For Their Own Good

Nov 17

Westlake Chemical Partners: A Very Stable MLP That's Still Selling At A Discount

Jul 08

Westlake Chemical Partners declares $0.4714 dividend

May 03

The High-Yielding Standout MLP: Westlake Chemical Partners

Jan 11

Westlake Chemical Partners: Premier High-Yielder Right Now, Maybe More One Day

Nov 25

Westlake Chemical Partners EPS beats by $0.11, misses on revenue

Nov 03

Westlake Chemical Partners declares $0.4714 dividend

Oct 30

Financial 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).


Balance Sheet


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