Westlake Free Cash Flow vs Change To Liabilities Analysis

WLKP Stock

USD 23.77 0.05 0.21%

Westlake Chemical financial indicator trend analysis is more than just analyzing Westlake Chemical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westlake Chemical is a good investment. Please check the relationship between Westlake Chemical Free Cash Flow and its Change To Liabilities accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in Westlake Stock, please use our How to Invest in Westlake Chemical guide.

Free Cash Flow vs Change To Liabilities

Free Cash Flow vs Change To Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westlake Chemical Free Cash Flow account and Change To Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Westlake Chemical's Free Cash Flow and Change To Liabilities is -0.25. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Westlake Chemical Partners, assuming nothing else is changed. The correlation between historical values of Westlake Chemical's Free Cash Flow and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Westlake Chemical Partners are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Free Cash Flow i.e., Westlake Chemical's Free Cash Flow and Change To Liabilities go up and down completely randomly.

Correlation Coefficient

-0.25

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Liabilities

Most indicators from Westlake Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westlake Chemical current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in Westlake Stock, please use our How to Invest in Westlake Chemical guide.As of 12/01/2024, Selling General Administrative is likely to drop to about 26.9 M. In addition to that, Tax Provision is likely to drop to about 592.8 K

	2021	2022	2023	2024 (projected)
Interest Expense	8.8M	13.4M	26.5M	15.0M
Depreciation And Amortization	108.8M	121.1M	110.2M	67.5M

Interest Expense Depreciation And Amortization

Westlake Chemical fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment
Common Stock Shares Outstanding		0.67	0.51	-0.32	-0.54	0.66	-0.2	0.58	0.48	-0.61	0.63	0.68	0.59	0.51	0.84	-0.34	0.03	-0.7	-0.68	0.65	-0.35	0.79	0.84	0.69	0.89	0.64
Total Assets	0.67		0.89	-0.58	-0.81	0.9	-0.05	0.98	0.74	-0.83	1.0	0.73	0.58	0.89	0.72	-0.22	0.46	-0.88	-0.9	0.89	-0.14	0.66	0.79	0.86	0.71	0.97
Short Long Term Debt Total	0.51	0.89		-0.48	-0.68	0.71	-0.11	0.88	0.87	-0.7	0.89	0.66	0.51	1.0	0.61	-0.22	0.72	-0.73	-0.71	0.91	0.17	0.57	0.65	0.71	0.49	0.91
Other Current Liab	-0.32	-0.58	-0.48		0.84	-0.63	-0.07	-0.65	-0.24	0.69	-0.61	-0.22	-0.08	-0.48	-0.19	0.17	-0.1	0.66	0.68	-0.41	0.43	-0.18	-0.17	-0.64	-0.41	-0.66
Total Current Liabilities	-0.54	-0.81	-0.68	0.84		-0.92	0.29	-0.86	-0.39	0.97	-0.82	-0.52	-0.27	-0.68	-0.45	0.19	-0.08	0.94	0.94	-0.7	0.54	-0.42	-0.5	-0.92	-0.5	-0.87
Total Stockholder Equity	0.66	0.9	0.71	-0.63	-0.92		-0.34	0.91	0.47	-0.96	0.9	0.68	0.44	0.72	0.62	-0.1	0.1	-0.98	-0.98	0.81	-0.46	0.6	0.73	0.97	0.6	0.89
Other Liab	-0.2	-0.05	-0.11	-0.07	0.29	-0.34		-0.05	0.04	0.42	-0.03	-0.22	0.08	-0.12	-0.13	0.06	0.28	0.37	0.28	-0.24	0.4	-0.11	-0.22	-0.35	0.22	-0.07
Property Plant And Equipment Net	0.58	0.98	0.88	-0.65	-0.86	0.91	-0.05		0.72	-0.86	0.99	0.62	0.44	0.88	0.66	-0.17	0.46	-0.88	-0.89	0.88	-0.16	0.53	0.72	0.85	0.63	0.97
Net Debt	0.48	0.74	0.87	-0.24	-0.39	0.47	0.04	0.72		-0.42	0.73	0.47	0.39	0.87	0.77	-0.12	0.84	-0.44	-0.42	0.76	0.43	0.41	0.66	0.42	0.5	0.71
Accounts Payable	-0.61	-0.83	-0.7	0.69	0.97	-0.96	0.42	-0.86	-0.42		-0.84	-0.6	-0.34	-0.7	-0.54	0.19	-0.06	0.98	0.96	-0.76	0.53	-0.5	-0.62	-0.96	-0.5	-0.87
Non Current Assets Total	0.63	1.0	0.89	-0.61	-0.82	0.9	-0.03	0.99	0.73	-0.84		0.72	0.57	0.89	0.68	-0.21	0.47	-0.88	-0.9	0.88	-0.14	0.65	0.75	0.86	0.69	0.98
Non Currrent Assets Other	0.68	0.73	0.66	-0.22	-0.52	0.68	-0.22	0.62	0.47	-0.6	0.72		0.93	0.66	0.56	-0.28	0.18	-0.71	-0.72	0.66	-0.17	0.95	0.65	0.74	0.63	0.7
Other Assets	0.59	0.58	0.51	-0.08	-0.27	0.44	0.08	0.44	0.39	-0.34	0.57	0.93		0.5	0.46	-0.27	0.19	-0.47	-0.5	0.47	-0.01	0.93	0.52	0.52	0.65	0.54
Long Term Debt	0.51	0.89	1.0	-0.48	-0.68	0.72	-0.12	0.88	0.87	-0.7	0.89	0.66	0.5		0.62	-0.22	0.72	-0.73	-0.72	0.91	0.16	0.57	0.65	0.72	0.48	0.91
Net Receivables	0.84	0.72	0.61	-0.19	-0.45	0.62	-0.13	0.66	0.77	-0.54	0.68	0.56	0.46	0.62		-0.12	0.32	-0.58	-0.56	0.7	-0.02	0.59	0.88	0.57	0.79	0.66
Good Will	-0.34	-0.22	-0.22	0.17	0.19	-0.1	0.06	-0.17	-0.12	0.19	-0.21	-0.28	-0.27	-0.22	-0.12		-0.12	0.23	0.21	-0.13	0.32	-0.33	-0.23	-0.13	-0.28	-0.26
Non Current Liabilities Total	0.03	0.46	0.72	-0.1	-0.08	0.1	0.28	0.46	0.84	-0.06	0.47	0.18	0.19	0.72	0.32	-0.12		-0.08	-0.07	0.5	0.72	0.12	0.28	0.04	0.12	0.44
Inventory	-0.7	-0.88	-0.73	0.66	0.94	-0.98	0.37	-0.88	-0.44	0.98	-0.88	-0.71	-0.47	-0.73	-0.58	0.23	-0.08		0.99	-0.81	0.52	-0.64	-0.71	-0.98	-0.61	-0.9
Other Current Assets	-0.68	-0.9	-0.71	0.68	0.94	-0.98	0.28	-0.89	-0.42	0.96	-0.9	-0.72	-0.5	-0.72	-0.56	0.21	-0.07	0.99		-0.79	0.52	-0.65	-0.69	-0.98	-0.63	-0.91
Other Stockholder Equity	0.65	0.89	0.91	-0.41	-0.7	0.81	-0.24	0.88	0.76	-0.76	0.88	0.66	0.47	0.91	0.7	-0.13	0.5	-0.81	-0.79		0.0	0.63	0.78	0.81	0.58	0.89
Total Liab	-0.35	-0.14	0.17	0.43	0.54	-0.46	0.4	-0.16	0.43	0.53	-0.14	-0.17	-0.01	0.16	-0.02	0.32	0.72	0.52	0.52	0.0		-0.17	-0.14	-0.48	-0.24	-0.18
Property Plant And Equipment Gross	0.79	0.66	0.57	-0.18	-0.42	0.6	-0.11	0.53	0.41	-0.5	0.65	0.95	0.93	0.57	0.59	-0.33	0.12	-0.64	-0.65	0.63	-0.17		0.68	0.67	0.76	0.63
Total Current Assets	0.84	0.79	0.65	-0.17	-0.5	0.73	-0.22	0.72	0.66	-0.62	0.75	0.65	0.52	0.65	0.88	-0.23	0.28	-0.71	-0.69	0.78	-0.14	0.68		0.66	0.74	0.7
Intangible Assets	0.69	0.86	0.71	-0.64	-0.92	0.97	-0.35	0.85	0.42	-0.96	0.86	0.74	0.52	0.72	0.57	-0.13	0.04	-0.98	-0.98	0.81	-0.48	0.67	0.66		0.61	0.89
Common Stock	0.89	0.71	0.49	-0.41	-0.5	0.6	0.22	0.63	0.5	-0.5	0.69	0.63	0.65	0.48	0.79	-0.28	0.12	-0.61	-0.63	0.58	-0.24	0.76	0.74	0.61		0.68
Property Plant Equipment	0.64	0.97	0.91	-0.66	-0.87	0.89	-0.07	0.97	0.71	-0.87	0.98	0.7	0.54	0.91	0.66	-0.26	0.44	-0.9	-0.91	0.89	-0.18	0.63	0.7	0.89	0.68

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Westlake Chemical Account Relationship Matchups

Westlake Chemical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	34.5M	35.2M	35.2M	35.2M	35.2M	33.3M
Total Assets	1.4B	1.4B	1.5B	1.4B	1.3B	1.4B
Other Current Liab	17.5M	12.6M	60.9M	14.9M	21.9M	19.3M
Total Current Liabilities	38.8M	39.8M	106.8M	66.9M	56.3M	55.6M
Total Stockholder Equity	952.1M	915.1M	972.7M	903.7M	522.5M	706.7M
Other Liab	1.6M	1.5M	1.5M	1.7M	1.5M	1.7M
Property Plant And Equipment Net	1.1B	1.1B	1.0B	990.2M	943.8M	1.1B
Net Debt	379.8M	382.5M	382.6M	334.9M	341.1M	370.9M
Accounts Payable	21.3M	21.0M	45.9M	49.4M	31.4M	35.6M
Non Current Assets Total	1.2B	1.1B	1.2B	1.1B	1.1B	1.2B
Non Currrent Assets Other	46.2M	36.7M	150.1M	128.5M	141.0M	80.2M
Other Assets	46.2M	36.7M	155.9M	130.2M	149.7M	79.3M
Net Receivables	215.5M	242.3M	254.9M	176.0M	162.7M	172.0M
Liabilities And Stockholders Equity	1.4B	1.4B	1.5B	1.4B	1.3B	1.4B
Non Current Liabilities Total	402.5M	401.6M	401.2M	401.3M	404.3M	459.7M
Inventory	2.5M	3.5M	8.9M	4.7M	4.4M	4.2M
Other Current Assets	470K	392K	396K	305K	442K	419.9K
Other Stockholder Equity	432.0M	395.2M	436.1M	369.2M	424.6M	259.4M
Total Liab	441.3M	441.4M	508M	468.3M	460.6M	390.0M
Property Plant And Equipment Gross	1.1B	1.1B	2.1B	2.1B	2.1B	1.4B
Total Current Assets	238.4M	263.3M	281.2M	245.8M	226.2M	254.9M
Common Stock	520.1M	520.0M	536.5M	534.5M	522.5M	485.5M
Property Plant Equipment	1.1B	1.1B	1.0B	990.2M	1.1B	1.1B
Net Tangible Assets	946.3M	909.3M	536.6M	897.9M	1.0B	772.0M
Current Deferred Revenue	1.7M	1.6M	1.5M	1.7M	1.5M	1.4M
Cash	19.9M	17.2M	17.1M	64.8M	58.6M	49.3M
Cash And Short Term Investments	19.9M	17.2M	17.1M	64.8M	58.6M	49.3M
Short Term Investments	162.8M	123.2M	106.2M	65.0M	74.7M	90.8M
Deferred Long Term Liab	1.6M	1.5M	1.5M	1.7M	1.5M	1.4M
Non Current Liabilities Other	400.8M	400.1M	1.5M	1.7M	3.0M	2.8M

Pair Trading with Westlake Chemical

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westlake Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westlake Chemical will appreciate offsetting losses from the drop in the long position's value.

Moving against Westlake Stock

0.75	BAK	Braskem SA Class	Pair Corr
0.72	PKX	POSCO Holdings	Pair Corr
0.71	DOW	Dow Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.71	PFH	Prudential Financial 4125	Pair Corr
0.69	GOLD	Barrick Gold Corp	Pair Corr

The ability to find closely correlated positions to Westlake Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westlake Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westlake Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westlake Chemical Partners to buy it.

The correlation of Westlake Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westlake Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westlake Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Westlake Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Westlake Stock Analysis

When running Westlake Chemical's price analysis, check to measure Westlake Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westlake Chemical is operating at the current time. Most of Westlake Chemical's value examination focuses on studying past and present price action to predict the probability of Westlake Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westlake Chemical's price. Additionally, you may evaluate how the addition of Westlake Chemical to your portfolios can decrease your overall portfolio volatility.

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