Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
Assets | $13,835 | $18,459 | $20,550 | $21,035 | $20,750 |
Liabilities | $7,257 | $9,931 | $10,085 | $10,271 | $9,707 |
Equity | $6,043 | $7,955 | $9,931 | $10,241 | $10,527 |
Edwyn
Over the past five years, Westlake Corporation has shown steady growth in its financial position. Total assets have increased consistently, rising from $13.8 billion in 2020 to $20.8 billion in 2024. This growth can indicate the company's expansion and investment in its operations and assets. Similarly, total liabilities have also increased, although not as steeply as assets, from $7.3 billion in 2020 to $9.7 billion in 2024. This suggests that the company has taken on additional debt to fuel its growth. Stockholders' equity has shown a positive trend, increasing from $6 billion in 2020 to $10.5 billion in 2024. This indicates that the company's net worth has been growing steadily over the years. Noteworthy fluctuations include the significant increase in equity in 2024, which could be attributed to improved profitability, efficient management of resources, or possibly a successful strategic initiative. Overall, the increasing trend in assets and equity, despite the rise in liabilities, reflects a positive financial trajectory for Westlake Corporation. It would be beneficial to compare these trends with industry benchmarks to provide further context on the company's performance within its sector.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.