Westlake Chemical Partners LP

Westlake Chemical Partners LPverified

WLKP

Price:

$23.37

Market Cap:

$823.53M

Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. The company was incorporated in 2014 and is headquartered in Houston, Texas.[Read more]

Industry

Chemicals

IPO Date

2014-07-30

Stock Exchange

NYSE

Ticker

WLKP

The Current Ratio as of November 2024 (TTM) for Westlake Chemical Partners LP (WLKP) is 4.53

According to Westlake Chemical Partners LP’s latest financial reports and current stock price. The company's current Current Ratio is 4.53. This represents a change of -1.65% compared to the average of 4.61 of the last 4 quarters.

Westlake Chemical Partners LP (WLKP) Historical Current Ratio (quarterly & annually)

How has WLKP Current Ratio performed in the past?

The mean historical Current Ratio of Westlake Chemical Partners LP over the last ten years is 5.01. The current 4.53 Current Ratio has changed 8.95% with respect to the historical average. Over the past ten years (40 quarters), WLKP's Current Ratio was at its highest in in the March 2019 quarter at 9.07. The Current Ratio was at its lowest in in the March 2022 quarter at 0.61.

Quarterly (TTM)
Annual

Average

5.01

Median

5.41

Minimum

2.63

Maximum

6.62

Westlake Chemical Partners LP (WLKP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Westlake Chemical Partners LP Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 375.72%

Maximum Annual Current Ratio = 6.62

Minimum Annual Increase = -60.24%

Minimum Annual Current Ratio = 2.63

Quarterly (TTM)
Annual
YearCurrent RatioChange
20234.029.36%
20223.6739.44%
20212.63-60.24%
20206.627.93%
20196.1421.11%
20185.07-11.88%
20175.75-6.43%
20166.1557.39%
20153.90-36.49%
20146.15375.72%

Westlake Chemical Partners LP (WLKP) Average Current Ratio

How has WLKP Current Ratio performed in the past?

The current Current Ratio of Westlake Chemical Partners LP (WLKP) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

3.44

5-year avg

4.62

10-year avg

5.01

Westlake Chemical Partners LP (WLKP) Current Ratio vs. Peers

How is WLKP’s Current Ratio compared to its peers?

Westlake Chemical Partners LP’s Current Ratio is greater than Valhi, Inc. (2.79), greater than Huntsman Corporation (1.47), greater than Univar Solutions Inc. (1.99), greater than LSB Industries, Inc. (2.53), greater than Green Plains Inc. (1.78), greater than AdvanSix Inc. (1.34), greater than Methanex Corporation (1.34), greater than Tronox Holdings plc (2.72), greater than Sisecam Resources LP (2.82),

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