LyondellBasell Industries NV (LYB)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $12,930,000K
= 0.00

The debt-to-equity ratio of LyondellBasell Industries NV has shown some fluctuations over the past eight quarters. The ratio ranged from 0.84 to 0.94 during this period. The trend indicates that the company's level of debt relative to its equity has been relatively stable, with a slight decrease in the most recent quarter compared to the previous quarters.

A debt-to-equity ratio of less than 1 suggests that the company relies more on equity financing rather than debt, which can indicate a lower financial risk. However, the ratio above 0.8 indicates that the company has a significant amount of debt in its capital structure.

Overall, based on the trend in the debt-to-equity ratio, LyondellBasell Industries NV seems to have a moderately conservative approach to financing its operations, maintaining a balance between debt and equity. Further analysis would be required to assess the implications of this ratio on the company's financial health and strategic decisions.


Peer comparison

Dec 31, 2023


See also:

LyondellBasell Industries NV Debt to Equity (Quarterly Data)