Westlake Chemical Asset Turnover vs Net Debt

WLKP Stock

USD 23.00 0.14 0.61%

Westlake Chemical financial indicator trend analysis is more than just analyzing Westlake Chemical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westlake Chemical is a good investment. Please check the relationship between Westlake Chemical Asset Turnover and its Net Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in Westlake Stock, please use our How to Invest in Westlake Chemical guide.

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westlake Chemical Asset Turnover account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Westlake Chemical's Asset Turnover and Net Debt is -0.6. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Net Debt in the same time period over historical financial statements of Westlake Chemical Partners, assuming nothing else is changed. The correlation between historical values of Westlake Chemical's Asset Turnover and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Westlake Chemical Partners are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Asset Turnover i.e., Westlake Chemical's Asset Turnover and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.6

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Most indicators from Westlake Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westlake Chemical current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in Westlake Stock, please use our How to Invest in Westlake Chemical guide.As of 01/02/2025, Selling General Administrative is likely to drop to about 26.9 M. In addition to that, Tax Provision is likely to drop to about 592.8 K

	2022	2023	2024	2025 (projected)
Interest Expense	13.4M	26.5M	30.5M	32.0M
Depreciation And Amortization	121.1M	110.2M	126.7M	67.5M

Interest Expense Depreciation And Amortization

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment
Common Stock Shares Outstanding		0.68	0.5	-0.33	-0.53	0.58	-0.2	0.57	0.48	-0.59	0.65	0.73	0.68	0.5	0.78	-0.37	0.11	-0.67	-0.64	0.62	-0.4	0.85	0.83	0.68	0.9	0.61
Total Assets	0.68		0.9	-0.58	-0.81	0.88	-0.06	0.98	0.75	-0.84	1.0	0.74	0.63	0.9	0.73	-0.28	0.48	-0.88	-0.9	0.89	-0.19	0.68	0.81	0.88	0.73	0.99
Short Long Term Debt Total	0.5	0.9		-0.49	-0.68	0.72	-0.11	0.9	0.89	-0.7	0.9	0.62	0.5	1.0	0.63	-0.21	0.75	-0.72	-0.71	0.91	0.13	0.53	0.68	0.71	0.49	0.91
Other Current Liab	-0.33	-0.58	-0.49		0.85	-0.63	-0.06	-0.66	-0.26	0.7	-0.62	-0.27	-0.11	-0.49	-0.2	0.17	-0.12	0.67	0.69	-0.42	0.44	-0.22	-0.19	-0.65	-0.42	-0.66
Total Current Liabilities	-0.53	-0.81	-0.68	0.85		-0.92	0.29	-0.86	-0.4	0.97	-0.83	-0.52	-0.31	-0.69	-0.46	0.19	-0.1	0.94	0.94	-0.71	0.55	-0.43	-0.52	-0.93	-0.51	-0.87
Total Stockholder Equity	0.58	0.88	0.72	-0.63	-0.92		-0.34	0.9	0.47	-0.95	0.88	0.6	0.43	0.72	0.62	-0.11	0.11	-0.98	-0.98	0.81	-0.46	0.53	0.71	0.96	0.56	0.89
Other Liab	-0.2	-0.06	-0.11	-0.06	0.29	-0.34		-0.06	0.03	0.42	-0.04	-0.2	0.06	-0.13	-0.14	0.06	0.26	0.37	0.28	-0.24	0.4	-0.12	-0.23	-0.35	0.18	-0.07
Property Plant And Equipment Net	0.57	0.98	0.9	-0.66	-0.86	0.9	-0.06		0.73	-0.86	0.99	0.63	0.48	0.9	0.67	-0.24	0.48	-0.89	-0.9	0.88	-0.19	0.53	0.73	0.87	0.64	1.0
Net Debt	0.48	0.75	0.89	-0.26	-0.4	0.47	0.03	0.73		-0.43	0.74	0.47	0.43	0.88	0.77	-0.16	0.84	-0.45	-0.43	0.77	0.39	0.43	0.67	0.44	0.52	0.73
Accounts Payable	-0.59	-0.84	-0.7	0.7	0.97	-0.95	0.42	-0.86	-0.43		-0.84	-0.59	-0.37	-0.71	-0.55	0.18	-0.08	0.98	0.96	-0.77	0.55	-0.5	-0.63	-0.96	-0.52	-0.87
Non Current Assets Total	0.65	1.0	0.9	-0.62	-0.83	0.88	-0.04	0.99	0.74	-0.84		0.73	0.62	0.9	0.69	-0.27	0.48	-0.88	-0.9	0.88	-0.18	0.66	0.77	0.88	0.71	0.99
Non Currrent Assets Other	0.73	0.74	0.62	-0.27	-0.52	0.6	-0.2	0.63	0.47	-0.59	0.73		0.87	0.62	0.54	-0.57	0.26	-0.69	-0.69	0.6	-0.33	0.89	0.71	0.66	0.68	0.66
Other Assets	0.68	0.63	0.5	-0.11	-0.31	0.43	0.06	0.48	0.43	-0.37	0.62	0.87		0.49	0.49	-0.23	0.26	-0.49	-0.52	0.48	-0.09	0.94	0.6	0.54	0.72	0.52
Long Term Debt	0.5	0.9	1.0	-0.49	-0.69	0.72	-0.13	0.9	0.88	-0.71	0.9	0.62	0.49		0.63	-0.21	0.75	-0.73	-0.72	0.91	0.13	0.53	0.69	0.72	0.49	0.91
Net Receivables	0.78	0.73	0.63	-0.2	-0.46	0.62	-0.14	0.67	0.77	-0.55	0.69	0.54	0.49	0.63		-0.15	0.34	-0.59	-0.57	0.7	-0.05	0.57	0.88	0.59	0.78	0.67
Good Will	-0.37	-0.28	-0.21	0.17	0.19	-0.11	0.06	-0.24	-0.16	0.18	-0.27	-0.57	-0.23	-0.21	-0.15		-0.2	0.22	0.2	-0.12	0.36	-0.3	-0.35	-0.11	-0.31	-0.26
Non Current Liabilities Total	0.11	0.48	0.75	-0.12	-0.1	0.11	0.26	0.48	0.84	-0.08	0.48	0.26	0.26	0.75	0.34	-0.2		-0.1	-0.1	0.52	0.66	0.18	0.31	0.09	0.17	0.48
Inventory	-0.67	-0.88	-0.72	0.67	0.94	-0.98	0.37	-0.89	-0.45	0.98	-0.88	-0.69	-0.49	-0.73	-0.59	0.22	-0.1		0.99	-0.81	0.53	-0.62	-0.71	-0.98	-0.61	-0.89
Other Current Assets	-0.64	-0.9	-0.71	0.69	0.94	-0.98	0.28	-0.9	-0.43	0.96	-0.9	-0.69	-0.52	-0.72	-0.57	0.2	-0.1	0.99		-0.79	0.53	-0.62	-0.7	-0.98	-0.63	-0.9
Other Stockholder Equity	0.62	0.89	0.91	-0.42	-0.71	0.81	-0.24	0.88	0.77	-0.77	0.88	0.6	0.48	0.91	0.7	-0.12	0.52	-0.81	-0.79		-0.03	0.61	0.79	0.81	0.58	0.89
Total Liab	-0.4	-0.19	0.13	0.44	0.55	-0.46	0.4	-0.19	0.39	0.55	-0.18	-0.33	-0.09	0.13	-0.05	0.36	0.66	0.53	0.53	-0.03		-0.25	-0.19	-0.51	-0.3	-0.2
Property Plant And Equipment Gross	0.85	0.68	0.53	-0.22	-0.43	0.53	-0.12	0.53	0.43	-0.5	0.66	0.89	0.94	0.53	0.57	-0.3	0.18	-0.62	-0.62	0.61	-0.25		0.71	0.66	0.8	0.58
Total Current Assets	0.83	0.81	0.68	-0.19	-0.52	0.71	-0.23	0.73	0.67	-0.63	0.77	0.71	0.6	0.69	0.88	-0.35	0.31	-0.71	-0.7	0.79	-0.19	0.71		0.7	0.76	0.74
Intangible Assets	0.68	0.88	0.71	-0.65	-0.93	0.96	-0.35	0.87	0.44	-0.96	0.88	0.66	0.54	0.72	0.59	-0.11	0.09	-0.98	-0.98	0.81	-0.51	0.66	0.7		0.63	0.88
Common Stock	0.9	0.73	0.49	-0.42	-0.51	0.56	0.18	0.64	0.52	-0.52	0.71	0.68	0.72	0.49	0.78	-0.31	0.17	-0.61	-0.63	0.58	-0.3	0.8	0.76	0.63		0.67
Property Plant Equipment	0.61	0.99	0.91	-0.66	-0.87	0.89	-0.07	1.0	0.73	-0.87	0.99	0.66	0.52	0.91	0.67	-0.26	0.48	-0.89	-0.9	0.89	-0.2	0.58	0.74	0.88	0.67

Click cells to compare fundamentals

High Positive Relationship

Non Current Assets Total	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Property Plant Equipment	+ 1.0	Property Plant And Equipment Net
Property Plant Equipment	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant Equipment	+ 0.99	Non Current Assets Total

High Negative Relationship

Intangible Assets	- 0.98	Other Current Assets
Intangible Assets	- 0.98	Inventory
Other Current Assets	- 0.98	Total Stockholder Equity
Inventory	- 0.98	Total Stockholder Equity
Intangible Assets	- 0.96	Accounts Payable
Accounts Payable	- 0.95	Total Stockholder Equity

		2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding		35.2M	35.2M	35.2M	35.2M	40.5M	33.3M
Total Assets		1.4B	1.5B	1.4B	1.3B	1.5B	1.4B
Other Current Liab		12.6M	60.9M	14.9M	21.9M	19.8M	19.3M
Total Current Liabilities		39.8M	106.8M	66.9M	56.3M	50.7M	55.6M
Total Stockholder Equity		915.1M	972.7M	903.7M	522.5M	600.9M	706.7M
Other Liab		1.6M	1.5M	1.5M	1.7M	1.5M	1.7M
Property Plant And Equipment Net		1.1B	1.0B	990.2M	943.8M	1.1B	1.1B
Net Debt		382.5M	382.6M	334.9M	341.1M	392.2M	370.9M
Accounts Payable		21.0M	45.9M	49.4M	31.4M	28.2M	35.6M
Non Current Assets Total		1.1B	1.2B	1.1B	1.1B	1.3B	1.2B
Non Currrent Assets Other		36.7M	150.1M	128.5M	141.0M	162.1M	170.2M
Other Assets		46.2M	36.7M	155.9M	130.2M	149.7M	79.3M
Net Receivables		242.3M	254.9M	176.0M	162.7M	187.1M	172.0M
Liabilities And Stockholders Equity		1.4B	1.5B	1.4B	1.3B	1.5B	1.4B
Non Current Liabilities Total		401.6M	401.2M	401.3M	404.3M	464.9M	459.7M
Inventory		3.5M	8.9M	4.7M	4.4M	4.0M	3.8M
Other Current Assets		392K	396K	305K	442K	397.8K	377.9K
Other Stockholder Equity		432.0M	395.2M	436.1M	369.2M	424.6M	259.4M
Total Liab		441.4M	508M	468.3M	460.6M	414.5M	390.0M
Property Plant And Equipment Gross		1.1B	2.1B	2.1B	2.1B	2.4B	1.4B
Total Current Assets		263.3M	281.2M	245.8M	226.2M	260.1M	254.9M
Common Stock		520.0M	536.5M	534.5M	522.5M	600.9M	485.5M
Property Plant Equipment		1.1B	1.1B	1.0B	990.2M	1.1B	1.1B
Net Tangible Assets		946.3M	909.3M	536.6M	897.9M	1.0B	772.0M
Current Deferred Revenue		1.7M	1.6M	1.5M	1.7M	1.5M	1.4M
Cash		17.2M	17.1M	64.8M	58.6M	52.8M	49.3M
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Westlake Asset Turnover vs Net Debt Analysis

Asset Turnover vs Net Debt

Asset Turnover vs Net Debt Correlation Analysis

Correlation Coefficient

Asset Turnover

Net Debt

Westlake Chemical fundamental ratios Correlations

Westlake Chemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Westlake Chemical fundamental ratios Accounts

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