Stock Analysis on Net

LyondellBasell Industries N.V. (NYSE:LYB)

This company has been moved to the archive! The financial data has not been updated since August 2, 2019.

Analysis of Solvency Ratios

Microsoft Excel

Solvency Ratios (Summary)

LyondellBasell Industries N.V., solvency ratios

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Debt Ratios
Debt to equity 0.92 0.96 1.48 1.23 0.85
Debt to capital 0.48 0.49 0.60 0.55 0.46
Debt to assets 0.33 0.33 0.38 0.35 0.29
Financial leverage 2.76 2.93 3.88 3.47 2.92
Coverage Ratios
Interest coverage 15.75 12.19 17.25 21.03 17.23
Fixed charge coverage 7.20 6.90 8.00 9.48 8.48

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. LyondellBasell Industries N.V. debt to equity ratio improved from 2016 to 2017 and from 2017 to 2018.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. LyondellBasell Industries N.V. debt to capital ratio improved from 2016 to 2017 and from 2017 to 2018.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. LyondellBasell Industries N.V. debt to assets ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. LyondellBasell Industries N.V. financial leverage ratio decreased from 2016 to 2017 and from 2017 to 2018.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. LyondellBasell Industries N.V. interest coverage ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. LyondellBasell Industries N.V. fixed charge coverage ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

Debt to Equity

LyondellBasell Industries N.V., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Current maturities of long-term debt 5 2 2 4 4
Short-term debt 885 68 594 353 346
Long-term debt, excluding current maturities 8,497 8,549 8,385 7,671 6,757
Total debt 9,387 8,619 8,981 8,028 7,107
 
Total Company share of stockholders’ equity 10,257 8,949 6,048 6,550 8,314
Solvency Ratio
Debt to equity1 0.92 0.96 1.48 1.23 0.85
Benchmarks
Debt to Equity, Competitors2
Linde plc

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Debt to equity = Total debt ÷ Total Company share of stockholders’ equity
= 9,387 ÷ 10,257 = 0.92

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. LyondellBasell Industries N.V. debt to equity ratio improved from 2016 to 2017 and from 2017 to 2018.

Debt to Capital

LyondellBasell Industries N.V., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Current maturities of long-term debt 5 2 2 4 4
Short-term debt 885 68 594 353 346
Long-term debt, excluding current maturities 8,497 8,549 8,385 7,671 6,757
Total debt 9,387 8,619 8,981 8,028 7,107
Total Company share of stockholders’ equity 10,257 8,949 6,048 6,550 8,314
Total capital 19,644 17,568 15,029 14,578 15,421
Solvency Ratio
Debt to capital1 0.48 0.49 0.60 0.55 0.46
Benchmarks
Debt to Capital, Competitors2
Linde plc

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Debt to capital = Total debt ÷ Total capital
= 9,387 ÷ 19,644 = 0.48

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. LyondellBasell Industries N.V. debt to capital ratio improved from 2016 to 2017 and from 2017 to 2018.

Debt to Assets

LyondellBasell Industries N.V., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Current maturities of long-term debt 5 2 2 4 4
Short-term debt 885 68 594 353 346
Long-term debt, excluding current maturities 8,497 8,549 8,385 7,671 6,757
Total debt 9,387 8,619 8,981 8,028 7,107
 
Total assets 28,278 26,206 23,442 22,757 24,283
Solvency Ratio
Debt to assets1 0.33 0.33 0.38 0.35 0.29
Benchmarks
Debt to Assets, Competitors2
Linde plc

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Debt to assets = Total debt ÷ Total assets
= 9,387 ÷ 28,278 = 0.33

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. LyondellBasell Industries N.V. debt to assets ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018.

Financial Leverage

LyondellBasell Industries N.V., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Total assets 28,278 26,206 23,442 22,757 24,283
Total Company share of stockholders’ equity 10,257 8,949 6,048 6,550 8,314
Solvency Ratio
Financial leverage1 2.76 2.93 3.88 3.47 2.92
Benchmarks
Financial Leverage, Competitors2
Linde plc

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Financial leverage = Total assets ÷ Total Company share of stockholders’ equity
= 28,278 ÷ 10,257 = 2.76

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. LyondellBasell Industries N.V. financial leverage ratio decreased from 2016 to 2017 and from 2017 to 2018.

Interest Coverage

LyondellBasell Industries N.V., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Net income attributable to the Company shareholders 4,688 4,879 3,836 4,476 4,174
Add: Net income attributable to noncontrolling interest 2 (2) 1 (2) (6)
Less: Loss from discontinued operations, net of tax (8) (18) (10) (5) (4)
Add: Income tax expense 613 598 1,386 1,730 1,540
Add: Interest expense 360 491 322 310 352
Earnings before interest and tax (EBIT) 5,671 5,984 5,555 6,519 6,064
Solvency Ratio
Interest coverage1 15.75 12.19 17.25 21.03 17.23
Benchmarks
Interest Coverage, Competitors2
Linde plc

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Interest coverage = EBIT ÷ Interest expense
= 5,671 ÷ 360 = 15.75

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. LyondellBasell Industries N.V. interest coverage ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.

Fixed Charge Coverage

LyondellBasell Industries N.V., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Net income attributable to the Company shareholders 4,688 4,879 3,836 4,476 4,174
Add: Net income attributable to noncontrolling interest 2 (2) 1 (2) (6)
Less: Loss from discontinued operations, net of tax (8) (18) (10) (5) (4)
Add: Income tax expense 613 598 1,386 1,730 1,540
Add: Interest expense 360 491 322 310 352
Earnings before interest and tax (EBIT) 5,671 5,984 5,555 6,519 6,064
Add: Rental expense 496 440 426 422 412
Earnings before fixed charges and tax 6,167 6,424 5,981 6,941 6,476
 
Interest expense 360 491 322 310 352
Rental expense 496 440 426 422 412
Fixed charges 856 931 748 732 764
Solvency Ratio
Fixed charge coverage1 7.20 6.90 8.00 9.48 8.48
Benchmarks
Fixed Charge Coverage, Competitors2
Linde plc

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 6,167 ÷ 856 = 7.20

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. LyondellBasell Industries N.V. fixed charge coverage ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.