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.