Westlake Chemical Partners LP (Westlake Chemical Partners LP) Interest Expense : $-27 Mil (TTM As of Dec. 2023)

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What is Westlake Chemical Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Westlake Chemical Partners LP's interest expense for the three months ended in Dec. 2023 was $ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-27 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 Chemical Partners LP's Operating Income for the three months ended in Dec. 2023 was $ 93 Mil. Westlake Chemical Partners LP's Interest Expense for the three months ended in Dec. 2023 was $ -7 Mil. Westlake Chemical Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 was 14.00. 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 Chemical Partners LP Interest Expense Historical Data

The historical data trend for Westlake Chemical Partners LP's Interest Expense can be seen below:

* 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.

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Westlake Chemical Partners LP Interest Expense Chart

Westlake Chemical Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-19.62

-12.04

-8.82

-13.41

-26.50

Westlake Chemical Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-4.70	-7.32	-6.12	-6.44	-6.63

Westlake Chemical Partners LP 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-27 Mil.

Westlake Chemical Partners LP (NYSE:WLKP) Interest Expense Explanation

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 Chemical Partners LP's Interest Expense for the three months ended in Dec. 2023 was $-7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $93 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $400 Mil.

Westlake Chemical Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	92.816	/	-6.632
	=	14.00

The higher the ratio, the stronger the company's financial strength is.

Westlake Chemical Partners LP (Westlake Chemical Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Westlake Chemical Partners LP (NYSE:WLKP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2801 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056

Website

https://www.wlkpartners.com

Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develop ethyelene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.

Executives

Andrew Kenner	officer: SVP, Olefin Material & Corp Pr	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Randy Woelfel	director	3411-3433 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250
G Stephen Finley	director	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Lisa A. Friel	director	2611 PLUM HOLLOW, SAN ANTONIO TX 78258
James Chao	director, 10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Thomas J. Janssens	officer: VP, Olefins Feedstock & Energy	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Johnathan Stevan Zoeller	officer: VP and CAO	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Albert Chao	director, 10 percent owner, officer: President & CEO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
L. Benjamin Ederington	director, officer: VP, General Counsel	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Mark Steven Bender	director, officer: Sr VP, CFO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Lawrence E. Teel	officer: SVP, Olefins	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Ttwfgp Llc	10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
David Lumpkins	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
Angela A Minas	director	3262 WESTHEIMER ROAD #627, HOUSTON TX 77098
Blackstone Securities Partners L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154-0191