Western Gas Balance Sheet - Annual (NYSE:WGP)

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$32.22 $0.6 (1.83%) WGP stock closing price Sep 21, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at Western Gas balance sheet. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Western Gas stock analysis. A company releases its balance sheet every year along with its annual results. Western Gas had a long term debt of $3.49B at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at Western Gas operating cash flow and Western Gas revenue also. Western Gas debt to equity ratio is 1.14.

View latest 10 year balance sheet data to check Western Gas financial performance.
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Fiscal year is Jan - Dec2017201620152014201320122011
Marketable Securities-------
Raw Materials-------
Work In Progress-------
Finished Goods-------
Notes Receivable-------
Other Current Assets15.38M13.49M8.55M10.84M10.79M6.99M-
Total Current Assets
Property Plant & Equipment7.87B6.86B5.9B5.42B4.24B3.18B-
Accumulated Depreciation2.14B1.81B1.61B1.04B855.84M709.77M-
Net Property Plant & Equipment
Investment & Advances566.21M594.2M618.88M634.49M243.61M106.13M-
Other Non-Current Assets260M260M260M260M260M260M-
Deferred Charges-------
Deposits & Other Assets12.57M15.05M29.7M28.28M27.4M27.79M-
Total Assets
Notes Payable-------
Accounts Payable349.8M123.28M64.6M29.1M39.58M24.63M-
Current Portion Long-Term Debt---1.15M---
Current Portion Capital Leases-------
Accrued Expenses74.62M192.1M134.7M173.54M151.89M133.02M-
Income Taxes Payable-------
Other Current Liabilities-------
Total Current Liabilities
Deferred Taxes/Income7.4M6.4M5.96M4.17M-1.57M-
Convertible Debt-------
Long-Term Debt3.49B3.16B2.9B2.42B1.42B1.17B-
Non-Current Capital Leases-------
Other Long-Term Liabilities146.88M142.64M118.6M110.06M79.14M68.47M-
Total Liabilities
Minority Interest-------
Preferred Stock-------
Common Stock Net1.06B1.05B1.06B1.26B905.08M912.37M-
Capital Surplus-------
Retained Earnings-------
Treasury Stock-------
Other Liabilities2.88B3.06B2.43B2.75B1.69B1.17B-
Shareholders Equity3.94B4.11B3.49B4.01B2.59B2.08B-
Total Liabilities & Shareholders Equity8.02B7.74B6.71B6.75B4.28B3.48B-
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Western Gas stock price, and Western Gas historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Western Gas PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: An asset is a resource that a corporation like Western Gas owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for WGP stock as of 2017 is $8.02B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: The total liabilities of Western Gas for the year 2017 total to $4.07B. Liabilities for a company like Western Gas include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Western Gas Balance Sheet - Key Ratios

Current ratio
Debt to equity ratio
Asset turnover ratio
Receivables turnover
Price to book ratio