Westlake Chemical Corporation (WLK)

Debt-to-equity ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Long-term debt	US$ in thousands	4,556,000	4,616,000	4,585,000	4,590,000	4,607,000	4,574,000	4,894,000	4,892,000	4,879,000	4,813,000	4,858,000	4,902,000	4,911,000	4,929,000	3,555,000	3,547,000	3,566,000	3,681,000	3,745,000	4,432,000
Total stockholders’ equity	US$ in thousands	10,527,000	10,662,000	10,574,000	10,331,000	10,241,000	10,754,000	10,544,000	10,291,000	9,931,000	9,621,000	9,404,000	8,681,000	7,955,000	7,298,000	6,771,000	6,261,000	6,043,000	5,949,000	5,901,000	5,893,000
Debt-to-equity ratio		0.43	0.43	0.43	0.44	0.45	0.43	0.46	0.48	0.49	0.50	0.52	0.56	0.62	0.68	0.53	0.57	0.59	0.62	0.63	0.75

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,556,000K ÷ $10,527,000K
= 0.43

The debt-to-equity ratio of Westlake Chemical Corporation has shown a declining trend over the past few years, indicating a decreasing reliance on debt to finance its operations and investments. Starting at 0.75 in March 2020, the ratio has consistently decreased and reached 0.43 by December 2024. This suggests that the company has been effectively managing its debt levels relative to its equity, potentially reducing financial risk and improving overall stability. The decreasing trend in the debt-to-equity ratio reflects a stronger financial position and may indicate improved investor confidence in the company's ability to fulfill its financial obligations. Overall, the declining debt-to-equity ratio of Westlake Chemical Corporation signifies a healthy financial structure and effective debt management.