LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Westlake's long-term debt to total assests ratio for the quarter that ended in Mar. 2022 was 0.27.
Westlake's long-term debt to total assets ratio
declined
from Mar. 2021 (0.28) to Mar. 2022 (0.27).
It may suggest that Westlake is progressively becoming less dependent on debt to grow their business.
Westlake LT-Debt-to-Total-Asset Historical Data
The historical data trend for Westlake's LT-Debt-to-Total-Asset 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.
Westlake Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
LT-Debt-to-Total-Asset
0.26
0.23
0.29
0.29
0.29
Westlake Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
LT-Debt-to-Total-Asset
0.28
0.27
0.31
0.29
0.27
Westlake LT-Debt-to-Total-Asset Calculation
Westlake's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 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.
LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Westlake LT-Debt-to-Total-Asset Related Terms
Thank you for viewing the detailed overview of Westlake's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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