Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Westlake's interest expense for the
three
months ended in Mar. 2022 was $ -46 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2022 was $-189 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Westlake's Operating Income for the
three
months ended in Mar. 2022 was $ 1,043 Mil. Westlake's Interest Expense for the
three
months ended in Mar. 2022 was $ -46 Mil.
Westlake's Interest Coverage for the quarter that ended in Mar. 2022 was 22.67.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Westlake Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-189 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Westlake (NYSE:WLK) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Westlake's Interest Expense for the
three
months ended in Mar. 2022 was $-46 Mil. Its
Operating Income
for the
three
months ended in Mar. 2022 was $1,043 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2022 was $5,416 Mil.
Westlake's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Westlake Business Description
Traded in Other Exchanges
Address
2801 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056
Westlake Corp is a manufacturer and global supplier of chemicals, polymers and building products. Its Performance & Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing & Infrastructure Products segment produces key finished goods for building products, pipe & fittings, and global compounds businesses.
Executives
| Sheets Jeffrey Wayne |
director |
600 N. DAIRY ASHFORD HOUSTON TX 77079 |
| Chao John Tsung-chen |
director, 10 percent owner |
26 GRAMERCY PARK SOUTH, 7EF NEW YORK NY 10003 |
| Chao David Tsung-hung |
director, 10 percent owner |
1000 UPTOWN PARK BLVD. #34 HOUSTON TX 77056 |
| Haas Marius |
director |
ONE DELL WAY ROUND ROCK TX 78682 |
| Graff Michael J |
director |
2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056 |
| Northcutt R Bruce |
director |
2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056 |
| Jenkins Dorothy C |
director, 10 percent owner |
2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056 |
| Lubel Kimberly S |
director |
P.O. BOX 696000 SAN ANTONIO TX 78269-6000 |
| Mccollum Mark A |
director |
3000 NORTH SAM HOUSTON PARKWAY E. HOUSTON TX 77002 |
| Kearns Roger L. |
officer: EVP, Vinyls Chemicals |
2801 POST OAK BLVD. HOUSTON TX 77056 |
| Zoeller Johnathan Stevan |
officer: VP and CAO |
2801 POST OAK BLVD. SUITE 600 HOUSTON TX 77056 |
| Ttwfgp Llc |
10 percent owner |
2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056 |
| Chao Albert |
director, 10 percent owner, officer: President & CEO |
2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056 |
| Kenner Andrew |
officer: SVP - Chemical Manufacturing |
2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056 |
| Bender Mark Steven |
officer: EVP and CFO |
2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056 |
Westlake Headlines
By tipranks.com 2022-03-16
By Seekingalpha 2022-02-22
By Seekingalpha 2022-02-22
By tipranks.com 2022-03-01
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