Westlake Corporation (WLK) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 5.95B | 6.22B | 5.75B | 5.95B | 6.02B | 6.21B | 6.55B | 6.61B | 6.53B | 6.61B | 6.76B | 6.3B | 6.15B | 5.97B | 6.1B | 6.01B | 5.41B | 5.26B | 6.43B | 4.45B |
| Cash & Short-Term Investments | 2.48B | 2.93B | 2.13B | 2.28B | 2.48B | 2.92B | 2.92B | 3.04B | 3.11B | 3.3B | 3.06B | 2.68B | 2.41B | 2.23B | 1.78B | 1.32B | 1.05B | 1.91B | 3.57B | 1.84B |
| Cash Only | 2.27B | 2.72B | 1.93B | 2.08B | 2.3B | 2.92B | 2.92B | 3.04B | 3.11B | 3.3B | 3.06B | 2.68B | 2.41B | 2.23B | 1.78B | 1.32B | 1.05B | 1.91B | 3.57B | 1.84B |
| Short-Term Investments | 205M | 204M | 198M | 192M | 183M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.69B | 1.5B | 1.76B | 1.83B | 1.66B | 1.48B | 1.75B | 1.81B | 1.69B | 1.6B | 1.94B | 1.85B | 1.83B | 1.8B | 2.18B | 2.54B | 2.35B | 1.87B | 1.64B | 1.55B |
| Days Sales Outstanding | 55.4 | 59.33 | 58.27 | 53.74 | 49.63 | 52.38 | 52.63 | 49.7 | 50.35 | 57.62 | 56.03 | 51.64 | 48.75 | 55.52 | 54.84 | 49.6 | 46.82 | 46.04 | 48.05 | 45.77 |
| Inventory | 1.68B | 1.65B | 1.73B | 1.73B | 1.78B | 1.7B | 1.75B | 1.68B | 1.66B | 1.62B | 1.67B | 1.67B | 1.84B | 1.87B | 2.02B | 2.02B | 1.88B | 1.41B | 1.12B | 965M |
| Days Inventory Outstanding | 60.31 | 52.35 | 61.13 | 59.29 | 59.87 | 62.99 | 60.28 | 59.85 | 59.54 | 57.68 | 60.81 | 61.27 | 65.08 | 65.5 | 58.51 | 58.48 | 53.44 | 48.29 | 47.17 | 43.97 |
| Other Current Assets | 109M | 131M | 136M | 106M | 104M | 115M | 133M | 71M | 66M | 82M | 89M | 93M | 55M | 78M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 13.76B | 13.74B | 14.06B | 14.86B | 14.69B | 14.54B | 14.56B | 14.47B | 14.43B | 14.43B | 14.64B | 14.69B | 14.66B | 14.58B | 14.32B | 14.36B | 14.34B | 13.2B | 10.67B | 10.27B |
| Property, Plant & Equipment | 9.36B | 9.4B | 8.82B | 9.65B | 9.5B | 9.43B | 9.42B | 9.32B | 9.23B | 9.22B | 9.22B | 9.19B | 9.16B | 9.09B | 8.88B | 8.91B | 8.91B | 8.17B | 7.47B | 7.37B |
| Fixed Asset Turnover | 0.28x | 0.28x | 0.31x | 0.31x | 0.30x | 0.30x | 0.33x | 0.35x | 0.32x | 0.31x | 0.34x | 0.35x | 0.37x | 0.37x | 0.44x | 0.50x | 0.48x | 0.45x | 0.41x | 0.39x |
| Goodwill | 1.34B | 1.31B | 1.31B | 2.04B | 2.03B | 2.03B | 2.04B | 2.04B | 2.04B | 2.04B | 2.16B | 2.17B | 2.17B | 2.16B | 2.14B | 2.14B | 2.14B | 2.02B | 1.25B | 1.08B |
| Intangible Assets | 1.22B | 1.18B | 443M | 1.24B | 1.26B | 1.28B | 1.31B | 1.34B | 1.37B | 1.4B | 1.47B | 1.51B | 1.54B | 1.56B | 1.57B | 1.64B | 1.69B | 1.58B | 668M | 553M |
| Long-Term Investments | 1.07B | 1.08B | 1.06B | 1.07B | 1.07B | 1.08B | 1.1B | 1.08B | 1.1B | 1.11B | 1.12B | 1.12B | 1.13B | 1.14B | 1.15B | 1.14B | 1.1B | 1.01B | 1.01B | 1.01B |
| Other Non-Current Assets | 768M | 768M | 2.42B | 852M | 823M | 708M | 689M | 696M | 694M | 651M | 669M | 697M | 662M | 617M | 575M | 527M | 492M | 417M | 271M | 256M |
| Total Assets | 19.71B | 19.96B | 19.81B | 20.81B | 20.71B | 20.75B | 21.11B | 21.08B | 20.96B | 21.04B | 21.4B | 20.98B | 20.81B | 20.55B | 20.43B | 20.37B | 19.74B | 18.46B | 17.11B | 14.72B |
| Asset Turnover | 0.13x | 0.13x | 0.14x | 0.14x | 0.14x | 0.14x | 0.15x | 0.15x | 0.14x | 0.13x | 0.15x | 0.16x | 0.16x | 0.16x | 0.19x | 0.22x | 0.21x | 0.20x | 0.19x | 0.20x |
| Asset Growth % | -4.85% | -3.8% | -6.13% | -1.31% | -1.19% | -1.35% | -1.34% | 0.49% | 0.74% | 2.36% | 4.75% | 2.99% | 5.39% | 11.33% | 19.39% | 38.41% | 40.51% | 33.42% | 24.93% | 8.59% |
| Total Current Liabilities | 2.74B | 2.77B | 2.9B | 2.4B | 2.29B | 2.22B | 2.35B | 2.54B | 2.65B | 2.79B | 2.66B | 2.13B | 2.16B | 2.3B | 2.46B | 2.51B | 2.55B | 2.34B | 1.9B | 1.49B |
| Accounts Payable | 781M | 755M | 2.15B | 886M | 913M | 806M | 883M | 872M | 871M | 849M | 791M | 785M | 811M | 870M | 971M | 1.11B | 1.01B | 849M | 687M | 1M |
| Days Payables Outstanding | 27.82 | 44.95 | 53.62 | 30.37 | 29.59 | 30.89 | 30.84 | 31.19 | 31.19 | 28.72 | 28.67 | 27.83 | 29.5 | 31 | 30.09 | 31.69 | 30.14 | 29.31 | 15.54 | 13.05 |
| Short-Term Debt | 664M | 663M | 750M | 0 | 0 | 6M | 145M | 300M | 300M | 299M | 299M | 3M | 2M | 0 | 6M | 10M | 264M | 269M | 268M | 37M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.12B | 1.13B | -235M | 0 | 97M | 0 | -145M | 0 | 0 | 0 | 0 | -3M | -2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 2.17x | 2.24x | 1.99x | 2.47x | 2.64x | 2.80x | 2.79x | 2.61x | 2.46x | 2.37x | 2.54x | 2.95x | 2.85x | 2.60x | 2.48x | 2.39x | 2.12x | 2.25x | 3.39x | 2.99x |
| Quick Ratio | 1.56x | 1.65x | 1.39x | 1.75x | 1.86x | 2.04x | 2.04x | 1.94x | 1.83x | 1.79x | 1.91x | 2.17x | 1.99x | 1.79x | 1.66x | 1.59x | 1.38x | 1.65x | 2.80x | 2.34x |
| Cash Conversion Cycle | 87.89 | 66.73 | 65.78 | 82.66 | 79.91 | 84.47 | 82.07 | 78.36 | 78.69 | 86.58 | 88.17 | 85.08 | 84.33 | 90.02 | 83.26 | 76.39 | 70.12 | 65.02 | 79.69 | 76.68 |
| Total Non-Current Liabilities | 7.91B | 7.9B | 6.98B | 7.61B | 7.5B | 7.49B | 7.57B | 7.45B | 7.45B | 7.48B | 7.45B | 7.77B | 7.82B | 7.79B | 7.78B | 7.88B | 7.94B | 7.59B | 7.34B | 5.89B |
| Long-Term Debt | 5.07B | 5.09B | 3.91B | 4.65B | 4.59B | 4.56B | 4.62B | 4.58B | 4.59B | 4.61B | 4.57B | 4.89B | 4.89B | 4.88B | 4.81B | 4.86B | 4.9B | 4.91B | 4.93B | 3.56B |
| Capital Lease Obligations | 672M | 688M | 709M | 731M | 732M | 713M | 730M | 689M | 622M | 611M | 542M | 536M | 531M | 504M | 474M | 494M | 514M | 461M | 392M | 369M |
| Deferred Tax Liabilities | 1.39B | 1.34B | 1.58B | 1.52B | 1.55B | 1.55B | 1.51B | 1.51B | 1.54B | 1.56B | 1.68B | 1.69B | 1.72B | 1.74B | 1.8B | 1.84B | 1.81B | 1.68B | 1.45B | 1.4B |
| Other Non-Current Liabilities | 779M | 778M | 786M | 703M | 639M | 666M | 712M | 663M | 696M | 703M | 656M | 651M | 680M | 669M | 686M | 690M | 708M | 534M | 575M | 575M |
| Total Liabilities | 10.66B | 10.67B | 9.88B | 10.02B | 9.79B | 9.71B | 9.92B | 9.99B | 10.11B | 10.27B | 10.11B | 9.9B | 9.98B | 10.09B | 10.24B | 10.4B | 10.49B | 9.93B | 9.24B | 7.38B |
| Total Debt | 6.41B | 6.44B | 5.37B | 5.62B | 5.46B | 5.28B | 5.48B | 5.79B | 5.51B | 5.52B | 5.42B | 5.43B | 5.42B | 5.38B | 5.29B | 5.36B | 5.68B | 5.64B | 5.59B | 3.96B |
| Net Debt | 4.14B | 3.71B | 3.44B | 3.53B | 3.16B | 2.36B | 2.56B | 2.75B | 2.4B | 2.21B | 2.36B | 2.76B | 3.01B | 3.15B | 3.52B | 4.04B | 4.63B | 3.73B | 2.02B | 2.12B |
| Debt / Equity | 0.71x | 0.69x | 0.54x | 0.52x | 0.50x | 0.48x | 0.49x | 0.52x | 0.51x | 0.51x | 0.48x | 0.49x | 0.50x | 0.51x | 0.52x | 0.54x | 0.61x | 0.66x | 0.71x | 0.54x |
| Debt / EBITDA | 49.31x | - | - | 30.20x | 21.73x | 15.20x | 11.88x | 8.45x | 11.11x | - | 8.65x | 8.15x | 6.76x | 9.00x | 6.79x | 3.73x | 4.41x | 5.07x | 5.25x | 4.30x |
| Net Debt / EBITDA | 31.84x | - | - | 18.99x | 12.58x | 6.79x | 5.56x | 4.01x | 4.85x | - | 3.77x | 4.13x | 3.75x | 5.28x | 4.51x | 2.81x | 3.59x | 3.35x | 1.90x | 2.30x |
| Interest Coverage | -2.75x | -15.17x | -17.90x | -2.13x | 0.13x | 3.46x | 5.74x | 11.34x | 6.83x | -12.61x | 10.13x | 9.98x | 13.29x | 8.09x | 12.27x | 27.09x | 22.67x | 19.37x | 14.33x | 20.28x |
| Total Equity | 9.05B | 9.29B | 9.94B | 10.79B | 10.92B | 11.04B | 11.19B | 11.09B | 10.85B | 10.76B | 11.29B | 11.08B | 10.83B | 10.46B | 10.19B | 9.97B | 9.25B | 8.53B | 7.87B | 7.34B |
| Equity Growth % | -17.12% | -15.83% | -11.16% | -2.73% | 0.63% | 2.59% | -0.88% | 0.15% | 0.23% | 2.86% | 10.77% | 11.06% | 17.03% | 22.71% | 29.47% | 35.9% | 35.56% | 29.64% | 21.29% | 14.01% |
| Book Value per Share | 70.72 | 72.10 | 77.49 | 84.13 | 85.11 | 85.47 | 86.49 | 85.77 | 84.12 | 83.99 | 87.76 | 86.21 | 84.29 | 81.52 | 79.13 | 77.11 | 71.76 | 66.28 | 61.11 | 56.95 |
| Total Shareholders' Equity | 8.55B | 8.79B | 9.43B | 10.28B | 10.41B | 10.53B | 10.66B | 10.57B | 10.33B | 10.24B | 10.75B | 10.54B | 10.29B | 9.93B | 9.62B | 9.4B | 8.68B | 7.96B | 7.3B | 6.77B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
| Retained Earnings | 8.46B | 8.7B | 9.31B | 10.16B | 10.37B | 10.48B | 10.54B | 10.5B | 10.25B | 10.14B | 10.71B | 10.48B | 10.23B | 9.88B | 9.7B | 9.35B | 8.53B | 7.81B | 7.2B | 6.63B |
| Treasury Stock | -504M | -513M | -484M | -484M | -484M | -467M | -408M | -413M | -414M | -435M | -440M | -463M | -465M | -467M | -439M | -408M | -372M | -399M | -406M | -378M |
| Accumulated OCI | -99M | -80M | -77M | -64M | -130M | -144M | -117M | -149M | -132M | -98M | -131M | -79M | -67M | -89M | -231M | -116M | -45M | -36M | -75M | -56M |
| Minority Interest | 504M | 503M | 512M | 513M | 511M | 516M | 524M | 520M | 522M | 523M | 531M | 533M | 537M | 534M | 567M | 570M | 571M | 573M | 571M | 568M |