Western Midstream Partners LP (WES) — Working Capital to Net Assets Ratio
Western Midstream Partners LP (WES) has a Working Capital to Net Assets ratio of 3.8% as of March 2026. Working capital of $132.25 Million (current assets of $1.54 Billion minus current liabilities of $1.41 Billion) is measured against net assets of $3.51 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Western Midstream Partners LP (WES) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Western Midstream Partners LP Working Capital to Net Assets (2008–2025)
This chart shows how Western Midstream Partners LP's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of March 2026, the ratio stands at 3.8%, reflecting working capital of $132.25 Million against net assets of $3.51 Billion USD. Check tangible equity quality of Western Midstream Partners LP to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Western Midstream Partners LP (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Western Midstream Partners LP from 2008 to 2025, covering 18 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see WES company net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 10.1% | $420.46 Million | $4.16 Billion | $1.66 Billion | $1.24 Billion | ▲ +5.5 pp |
| 2024 | 4.6% | $155.50 Million | $3.38 Billion | $1.85 Billion | $1.69 Billion | ▲ +14.9 pp |
| 2023 | -10.3% | $-311.65 Million | $3.03 Billion | $992.41 Million | $1.30 Billion | ▼ -10.2 pp |
| 2022 | -0.1% | $-3.43 Million | $3.11 Billion | $900.42 Million | $903.86 Million | ▲ +14.6 pp |
| 2021 | -14.7% | $-455.43 Million | $3.10 Billion | $684.76 Million | $1.14 Billion | ▼ -14.1 pp |
| 2020 | -0.6% | $-17.87 Million | $2.90 Billion | $943.06 Million | $960.93 Million | ▲ +1.9 pp |
| 2019 | -2.5% | $-83.54 Million | $3.35 Billion | $402.41 Million | $485.95 Million | ▲ +3.2 pp |
| 2018 | -5.7% | $-201.03 Million | $3.50 Billion | $335.82 Million | $536.86 Million | ▼ -1.4 pp |
| 2017 | -4.3% | $-169.22 Million | $3.94 Billion | $255.21 Million | $424.43 Million | ▼ -11.1 pp |
| 2016 | 6.8% | $280.20 Million | $4.11 Billion | $595.59 Million | $315.39 Million | ▲ +4.2 pp |
| 2015 | 2.6% | $89.72 Million | $3.49 Billion | $289.03 Million | $199.31 Million | ▲ +3.3 pp |
| 2014 | -0.7% | $-27.85 Million | $4.01 Billion | $175.94 Million | $203.80 Million | ▼ -1.3 pp |
| 2013 | 0.6% | $16.34 Million | $2.59 Billion | $207.83 Million | $191.48 Million | ▼ -14.2 pp |
| 2012 | 14.8% | $308.02 Million | $2.08 Billion | $466.23 Million | $158.21 Million | ▲ +5.0 pp |
| 2011 | 9.8% | $144.23 Million | $1.47 Billion | $256.45 Million | $112.22 Million | ▲ +9.7 pp |
| 2010 | 0.1% | $990.00K | $685.10 Million | $43.18 Million | $42.19 Million | ▼ -10.1 pp |
| 2009 | 10.3% | $61.75 Million | $600.78 Million | $79.86 Million | $18.11 Million | ▲ +9.7 pp |
| 2008 | 0.6% | $4.72 Million | $804.62 Million | $47.16 Million | $42.44 Million | — |