LyondellBasell Industries NV (LYB)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	35,746,000	37,000,000	36,365,000	36,742,000	35,403,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $35,746,000K
= 0.00

The debt-to-assets ratio of LyondellBasell Industries NV has consistently been 0.00 from December 31, 2020, to December 31, 2024. This implies that the company has not financed its assets with debt during this period and has relied solely on equity to fund its operations and investments. A debt-to-assets ratio of 0.00 indicates a conservative financial structure with minimal financial risk related to debt obligations. This may be viewed positively by investors and creditors as it suggests a strong financial position and stability in the company's capital structure.