LyondellBasell Industries NV (LYB)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	37,000,000	36,875,000	36,683,000	36,255,000	36,365,000	36,491,000	37,024,000	37,854,000	36,742,000	38,662,000	37,259,000	35,746,000	35,403,000	31,949,000	31,541,000	31,100,000	30,435,000	30,114,000	31,171,000	29,889,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 been relatively stable over the past eight quarters, ranging from 0.30 to 0.32. This ratio indicates that, on average, about 30% to 32% of the company's total assets are financed through debt. The consistency in this ratio suggests that the company has been maintaining a prudent balance between debt and assets in its capital structure. An analysis of the trend over time indicates that LyondellBasell has managed its debt levels effectively, staying within a reasonable range without significant fluctuations. This steady performance in managing debt relative to assets reflects positively on the company's financial stability and risk management practices.