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.