LyondellBasell Industries NV (LYB)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	12,462,000	13,716,000	13,449,000	12,979,000	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
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, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $12,462,000K)
= 0.00

The debt-to-capital ratio of LyondellBasell Industries NV has consistently remained at 0.00 across all reported quarters from March 31, 2020, to December 31, 2024. This indicates that the company has no financial leverage in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company does not have any debt in its capital structure and is instead funded entirely by equity.

From an analysis perspective, having a consistent debt-to-capital ratio of 0.00 may imply that the company has a strong financial position with minimal financial risk related to debt obligations. It also suggests that the company may not be taking advantage of potential leverage opportunities to enhance returns for shareholders. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of LyondellBasell Industries NV's financial health and performance.