Western Midstream Operating LP (FRA:3NZ) Debt-to-Equity : 1.38 (As of Dec. 2018)

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What is Western Midstream Operating LP Debt-to-Equity?

Western Midstream Operating LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was €0 Mil. Western Midstream Operating LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was €4,208 Mil. Western Midstream Operating LP's Total Stockholders Equity for the quarter that ended in Dec. 2018 was €3,053 Mil. Western Midstream Operating LP's debt to equity for the quarter that ended in Dec. 2018 was 1.38.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Western Midstream Operating LP's Debt-to-Equity or its related term are showing as below:

FRA:3NZ's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Western Midstream Operating LP Debt-to-Equity Historical Data

The historical data trend for Western Midstream Operating LP's Debt-to-Equity 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.

* Premium members only.

Western Midstream Operating LP Debt-to-Equity Chart

Western Midstream Operating LP Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

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0.60

0.70

0.76

0.89

1.38

Western Midstream Operating LP Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Debt-to-Equity	Get a 7-Day Free Trial															0.89	1.10	1.15	1.28	1.38

Competitive Comparison of Western Midstream Operating LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Western Midstream Operating LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Western Midstream Operating LP's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Western Midstream Operating LP's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Western Midstream Operating LP's Debt-to-Equity falls into.

Western Midstream Operating LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western Midstream Operating LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	4208.108)	/	3053.481
	=	1.38

Western Midstream Operating LP's Debt to Equity Ratio for the quarter that ended in Dec. 2018 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	4208.108)	/	3053.481
	=	1.38

Western Midstream Operating LP (FRA:3NZ) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Western Midstream Operating LP Debt-to-Equity Related Terms

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Western Midstream Operating LP (FRA:3NZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Western Midstream Operating LP (FRA:3NZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.westerngas.com

Western Gas Partners, LP is a US-based company which own, operate, acquire and develop midstream energy assets. The company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil for Anadarko Petroleum Corporation and its consolidated subsidiaries, as well as third-party producers and customers. The company's operations and activities are managed by its general partner, which is indirectly controlled by Anadarko through WGP. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania and Texas.

Western Midstream Operating LP (FRA:3NZ) Headlines

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