LyondellBasell Industries NV (LYB)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 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 | 3.78 | 3.82 | 2.91 | 2.95 |
The solvency ratios of LyondellBasell Industries NV show a consistent level of leverage over the past eight quarters. The debt-to-assets ratio has remained relatively stable, ranging from 0.30 to 0.32, indicating that approximately 30-32% of the company's assets are financed through debt.
The debt-to-capital ratio has also shown stability, fluctuating between 0.46 and 0.48 over the same period. This ratio indicates that approximately 46-48% of the company's capital structure consists of debt.
The debt-to-equity ratio has varied slightly more, ranging from 0.84 to 0.94. This ratio reveals the proportion of the company's financing that comes from debt compared to equity, with higher values indicating higher reliance on debt financing.
The financial leverage ratio, which measures the total debt relative to equity, shows a range of 2.79 to 3.03 over the quarters analyzed. This ratio highlights the company's debt level relative to its equity, with higher values indicating higher financial risk due to increased debt burden.
Overall, LyondellBasell Industries NV has maintained a relatively stable level of leverage and debt utilization over the past two years, which suggests a consistent approach to maintaining solvency and managing financial risk.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.40 | 7.31 | 7.83 | 12.62 | 17.77 | 15.56 | 16.94 | 15.21 | 13.05 | 12.15 | 8.21 | 4.28 | 2.96 | 3.45 | 6.61 | 9.89 | 12.14 | 12.37 | 13.11 | 14.27 |
The interest coverage ratio of LyondellBasell Industries NV has been relatively stable over the past eight quarters, ranging from a low of 10.20 in Q4 2023 to a high of 20.06 in Q4 2022. The ratio indicates the company's ability to meet its interest obligations with its earnings before interest and taxes (EBIT).
The consistently high interest coverage ratios above 10 indicate that the company is generating more than enough operating income to cover its interest expenses. This suggests a strong financial position and a lower risk of default on its debt obligations.
However, the decline in the interest coverage ratio from 20.06 in Q4 2022 to 10.20 in Q4 2023 may warrant further investigation to understand any underlying factors affecting the company's ability to cover its interest payments. Overall, the trend in LyondellBasell Industries NV's interest coverage ratios demonstrates the company's ongoing ability to comfortably meet its interest obligations.
See also:
LyondellBasell Industries NV Solvency Ratios (Quarterly Data)