Westlake Non Current Liabilities Total vs Asset Turnover Analysis

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 Non Current Liabilities Total and its Asset Turnover 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.

Non Current Liabilities Total vs Asset Turnover

Non Current Liabilities Total vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westlake Chemical Non Current Liabilities Total account and Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Westlake Chemical's Non Current Liabilities Total and Asset Turnover is -0.3. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Asset Turnover 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 Non Current Liabilities Total and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Westlake Chemical Partners are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Non Current Liabilities Total i.e., Westlake Chemical's Non Current Liabilities Total and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Current Liabilities Total

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
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 Expense13.4M26.5M30.5M32.0M
Depreciation And Amortization121.1M110.2M126.7M67.5M

Westlake Chemical fundamental ratios Correlations

0.680.5-0.33-0.530.58-0.20.570.48-0.590.650.730.680.50.78-0.370.11-0.67-0.640.62-0.40.850.830.680.90.61
0.680.9-0.58-0.810.88-0.060.980.75-0.841.00.740.630.90.73-0.280.48-0.88-0.90.89-0.190.680.810.880.730.99
0.50.9-0.49-0.680.72-0.110.90.89-0.70.90.620.51.00.63-0.210.75-0.72-0.710.910.130.530.680.710.490.91
-0.33-0.58-0.490.85-0.63-0.06-0.66-0.260.7-0.62-0.27-0.11-0.49-0.20.17-0.120.670.69-0.420.44-0.22-0.19-0.65-0.42-0.66
-0.53-0.81-0.680.85-0.920.29-0.86-0.40.97-0.83-0.52-0.31-0.69-0.460.19-0.10.940.94-0.710.55-0.43-0.52-0.93-0.51-0.87
0.580.880.72-0.63-0.92-0.340.90.47-0.950.880.60.430.720.62-0.110.11-0.98-0.980.81-0.460.530.710.960.560.89
-0.2-0.06-0.11-0.060.29-0.34-0.060.030.42-0.04-0.20.06-0.13-0.140.060.260.370.28-0.240.4-0.12-0.23-0.350.18-0.07
0.570.980.9-0.66-0.860.9-0.060.73-0.860.990.630.480.90.67-0.240.48-0.89-0.90.88-0.190.530.730.870.641.0
0.480.750.89-0.26-0.40.470.030.73-0.430.740.470.430.880.77-0.160.84-0.45-0.430.770.390.430.670.440.520.73
-0.59-0.84-0.70.70.97-0.950.42-0.86-0.43-0.84-0.59-0.37-0.71-0.550.18-0.080.980.96-0.770.55-0.5-0.63-0.96-0.52-0.87
0.651.00.9-0.62-0.830.88-0.040.990.74-0.840.730.620.90.69-0.270.48-0.88-0.90.88-0.180.660.770.880.710.99
0.730.740.62-0.27-0.520.6-0.20.630.47-0.590.730.870.620.54-0.570.26-0.69-0.690.6-0.330.890.710.660.680.66
0.680.630.5-0.11-0.310.430.060.480.43-0.370.620.870.490.49-0.230.26-0.49-0.520.48-0.090.940.60.540.720.52
0.50.91.0-0.49-0.690.72-0.130.90.88-0.710.90.620.490.63-0.210.75-0.73-0.720.910.130.530.690.720.490.91
0.780.730.63-0.2-0.460.62-0.140.670.77-0.550.690.540.490.63-0.150.34-0.59-0.570.7-0.050.570.880.590.780.67
-0.37-0.28-0.210.170.19-0.110.06-0.24-0.160.18-0.27-0.57-0.23-0.21-0.15-0.20.220.2-0.120.36-0.3-0.35-0.11-0.31-0.26
0.110.480.75-0.12-0.10.110.260.480.84-0.080.480.260.260.750.34-0.2-0.1-0.10.520.660.180.310.090.170.48
-0.67-0.88-0.720.670.94-0.980.37-0.89-0.450.98-0.88-0.69-0.49-0.73-0.590.22-0.10.99-0.810.53-0.62-0.71-0.98-0.61-0.89
-0.64-0.9-0.710.690.94-0.980.28-0.9-0.430.96-0.9-0.69-0.52-0.72-0.570.2-0.10.99-0.790.53-0.62-0.7-0.98-0.63-0.9
0.620.890.91-0.42-0.710.81-0.240.880.77-0.770.880.60.480.910.7-0.120.52-0.81-0.79-0.030.610.790.810.580.89
-0.4-0.190.130.440.55-0.460.4-0.190.390.55-0.18-0.33-0.090.13-0.050.360.660.530.53-0.03-0.25-0.19-0.51-0.3-0.2
0.850.680.53-0.22-0.430.53-0.120.530.43-0.50.660.890.940.530.57-0.30.18-0.62-0.620.61-0.250.710.660.80.58
0.830.810.68-0.19-0.520.71-0.230.730.67-0.630.770.710.60.690.88-0.350.31-0.71-0.70.79-0.190.710.70.760.74
0.680.880.71-0.65-0.930.96-0.350.870.44-0.960.880.660.540.720.59-0.110.09-0.98-0.980.81-0.510.660.70.630.88
0.90.730.49-0.42-0.510.560.180.640.52-0.520.710.680.720.490.78-0.310.17-0.61-0.630.58-0.30.80.760.630.67
0.610.990.91-0.66-0.870.89-0.071.00.73-0.870.990.660.520.910.67-0.260.48-0.89-0.90.89-0.20.580.740.880.67
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Westlake Chemical Account Relationship Matchups

Westlake Chemical fundamental ratios Accounts

202020212022202320242025 (projected)
Common Stock Shares Outstanding35.2M35.2M35.2M35.2M40.5M33.3M
Total Assets1.4B1.5B1.4B1.3B1.5B1.4B
Other Current Liab12.6M60.9M14.9M21.9M19.8M19.3M
Total Current Liabilities39.8M106.8M66.9M56.3M50.7M55.6M
Total Stockholder Equity915.1M972.7M903.7M522.5M600.9M706.7M
Other Liab1.6M1.5M1.5M1.7M1.5M1.7M
Property Plant And Equipment Net1.1B1.0B990.2M943.8M1.1B1.1B
Net Debt382.5M382.6M334.9M341.1M392.2M370.9M
Accounts Payable21.0M45.9M49.4M31.4M28.2M35.6M
Non Current Assets Total1.1B1.2B1.1B1.1B1.3B1.2B
Non Currrent Assets Other36.7M150.1M128.5M141.0M162.1M170.2M
Other Assets46.2M36.7M155.9M130.2M149.7M79.3M
Net Receivables242.3M254.9M176.0M162.7M187.1M172.0M
Liabilities And Stockholders Equity1.4B1.5B1.4B1.3B1.5B1.4B
Non Current Liabilities Total401.6M401.2M401.3M404.3M464.9M459.7M
Inventory3.5M8.9M4.7M4.4M4.0M3.8M
Other Current Assets392K396K305K442K397.8K377.9K
Other Stockholder Equity432.0M395.2M436.1M369.2M424.6M259.4M
Total Liab441.4M508M468.3M460.6M414.5M390.0M
Property Plant And Equipment Gross1.1B2.1B2.1B2.1B2.4B1.4B
Total Current Assets263.3M281.2M245.8M226.2M260.1M254.9M
Common Stock520.0M536.5M534.5M522.5M600.9M485.5M
Property Plant Equipment1.1B1.1B1.0B990.2M1.1B1.1B
Net Tangible Assets946.3M909.3M536.6M897.9M1.0B772.0M
Current Deferred Revenue1.7M1.6M1.5M1.7M1.5M1.4M
Cash17.2M17.1M64.8M58.6M52.8M49.3M