LyondellBasell Industries NV (LYB)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	12,930,000	13,205,000	12,931,000	12,721,000	12,615,000	12,191,000	12,230,000	12,698,000	11,858,000	11,800,000	10,524,000	8,800,000	7,971,000	7,306,000	7,358,000	7,324,000	8,044,000	7,888,000	10,721,000	10,138,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $12,930,000K)
= 0.00

The debt-to-capital ratio of LyondellBasell Industries NV has remained relatively stable over the past eight quarters, fluctuating between 0.46 and 0.48. This ratio indicates the proportion of the company's capital structure that is financed by debt. A higher ratio suggests a higher level of debt relative to total capital, indicating potential financial risk.

In this case, the company's debt-to-capital ratio has hovered around the 0.46-0.48 range, which suggests that a significant portion of its capital structure is debt-funded. While the trend has been relatively consistent over the past two years, it is essential to monitor any significant changes in the ratio to assess the company's financial health and risk profile. Additionally, comparing this ratio to industry averages or competitors can provide further insight into LyondellBasell's leverage position relative to peers.