LyondellBasell Industries NV (LYB)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 37,000,000 | 36,365,000 | 36,742,000 | 35,403,000 | 30,435,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $37,000,000K
= 0.00
The debt-to-assets ratio of LyondellBasell Industries NV has shown a decreasing trend over the past five years, decreasing from 0.40 in 2019 to 0.30 in 2023. This ratio indicates that the company's level of debt relative to its total assets has improved over the period, suggesting a better ability to cover its debt obligations with its assets. A lower debt-to-assets ratio is generally considered favorable as it signifies lower financial risk and a stronger financial position. The decreasing trend in the ratio may indicate that the company has been managing its debt levels effectively and improving its financial health. However, it is important to continue monitoring this ratio to ensure sustainable and healthy financial management practices.
Peer comparison
Dec 31, 2023