What does everyone think of WPZ?

Their dividend is very high, and increasing. But I did a few quick and simple calculations and I'm not sure about their financial situation.

WPZ 

Liquidity
Current Ratio = CA/CL 0.6 Quick Ratio = (CA-INV)/CL 0.6 Cash Ratio = (Cash+ST Investments)/CL 0.0 Recievables avg days = AR/(Revenue/365) 51 Inventory days = INV/(COGS/365) 13.6

Operating Profitability Gross Margin = Gross Profit/Sales 53.6% Operating Margin = OI/Sales 5.2% Asset Utilization = Sales/TA 0.2 Operating Return on Assets = OI/TA 0.8% Operating ROA = Operating Margin * Asset Turnover 0.8% Fixed Asset Turnover = Sales/PPE net 0.3

Leverage
Debt Ratio = TL/TA 52% Times Interest Earned = OI/INT net 0.5

Return on shareholder capital
ROE = NI/Equity -12.7%

I want to hear your opinions on this company!

Submitted March 15, 2016 at 02:03PM by gonets34 http://ift.tt/1QVNN9L