LyondellBasell Industries NV (LYB)

Financial leverage 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
Total assets	US$ in thousands	35,746,000	37,263,000	37,064,000	36,624,000	37,000,000	36,875,000	36,683,000	36,255,000	36,365,000	36,491,000	37,024,000	37,854,000	36,742,000	38,662,000	37,259,000	35,746,000	35,403,000	31,949,000	31,541,000	31,100,000
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
Financial leverage ratio		2.87	2.72	2.76	2.82	2.86	2.79	2.84	2.85	2.88	2.99	3.03	2.98	3.10	3.28	3.54	4.06	4.44	4.37	4.29	4.25

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $35,746,000K ÷ $12,462,000K
= 2.87

The financial leverage ratio of LyondellBasell Industries NV has been showing a decreasing trend over the period from March 31, 2020, to December 31, 2024, fluctuating between 4.25 to 2.87. The ratio measures the proportion of the company's debt to its equity, reflecting the degree of financial risk the company is exposed to.

The decreasing trend in the financial leverage ratio indicates that the company has been reducing its reliance on debt financing and increasing its equity base. This may suggest improved financial stability and lower financial risk for the company as lower leverage ratios typically indicate a stronger financial position.

Overall, the decreasing trend in LyondellBasell's financial leverage ratio is a positive sign for investors and stakeholders as it signifies a more conservative approach to financing and potentially lower vulnerability to financial distress.