LyondellBasell Industries NV (LYB)

Debt-to-equity 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-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, 2024 calculation

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

The debt-to-equity ratio of LyondellBasell Industries NV has consistently been reported as 0.00 across all quarters from March 31, 2020, to December 31, 2024. This indicates that the company has maintained a relatively low level of debt in comparison to its equity over the period analyzed. A debt-to-equity ratio of 0.00 implies that the company has either no debt or a very minimal amount of debt relative to its equity, highlighting a conservative financial structure.

A debt-to-equity ratio of 0.00 may sometimes be seen as a positive sign by investors and creditors, as it suggests that the company is not relying heavily on debt financing to fund its operations. It also signifies a lower financial risk, as the company's capital structure is more weighted towards equity rather than debt, which can provide a cushion in times of economic uncertainty or financial distress.

However, it's crucial to consider other factors such as the industry norms, the company's specific circumstances, and overall profitability when interpreting the debt-to-equity ratio in isolation. While a low ratio may indicate financial stability, it could also imply missed opportunities for leveraging debt to potentially boost returns.