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Debt-to-assets at other companies

SBA Communications logo
SBA CommunicationsSBAC
650%0.0pp
FTAI Aviation Ltd. logo
FTAI Aviation Ltd.FTAI
$2.5B+53.8%
EFC
Ellington Financial Inc.EFC
$17.1B+19.6%
Arthur J. Gallagher logo
Arthur J. GallagherAJG
$13B
Southern Company logo
Southern CompanySO
70%
Arbor Realty Trust logo
Arbor Realty TrustABR
69%-1.0pp

Other financials

Income statement

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Revenue$1.1B+22.5%
Gross profit$1.0B+16.6%
Operating income$469.2M+14.5%
Net income$350.3M+13.4%
EPS (diluted)$0.85+7.6%

Balance sheet

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Cash & equivalents$647.5M+44.4%
Total debt$8.7B+18.7%
Total assets$14.9B+19.8%

Cash flow

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Operating cash flow$469.9M-11.5%
CapEx$235.7M+65.5%
Free cash flow$234.2M-39.7%

Valuation

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Market cap$17.75B+3.8%
Enterprise value$25.81B+7.8%
P/E14.5×+1.5×
P/S4.4×-0.3×

Profitability

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Gross margin93.4%-2.0pp
Operating margin41%-5.8pp
Net margin30.2%-5.9pp
FCF margin33.1%-7.8pp

Returns & leverage

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Current ratio1.1×-0.1×

Where this comes from

Calculated from Western Midstream Partners’s reported figures.

Based on the most recent quarter.

The official record: Western Midstream Partners’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Western Midstream Partners's debt-to-assets?
Western Midstream Partners (WES) reported debt-to-assets of 0.6× in Q1 2026.
How has Western Midstream Partners's debt-to-assets changed year-over-year?
Western Midstream Partners's debt-to-assets decreased by 0.9% year-over-year, from 0.6× to 0.6×.
What is the long-term trend for Western Midstream Partners's debt-to-assets?
Over 5 years (2020 to 2025), Western Midstream Partners's debt-to-assets has grown at a -2.5% compound annual growth rate (CAGR), from 0.7× to 0.6×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.