Debt to Equity
since 2011
Calculation
LyondellBasell Industries N.V., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Total Company share of stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2018 | 0.92 | = | 9,387) | ÷ | 10,257) |
| Dec 31, 2017 | 0.96 | = | 8,619) | ÷ | 8,949) |
| Dec 31, 2016 | 1.48 | = | 8,981) | ÷ | 6,048) |
| Dec 31, 2015 | 1.23 | = | 8,028) | ÷ | 6,550) |
| Dec 31, 2014 | 0.85 | = | 7,107) | ÷ | 8,314) |
| Dec 31, 2013 | 0.47 | = | 5,835) | ÷ | 12,478) |
| Dec 31, 2012 | 0.40 | = | 4,400) | ÷ | 11,139) |
| Dec 31, 2011 | 0.38 | = | 4,032) | ÷ | 10,593) |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
1 US$ in millions
The financial trajectory between 2011 and 2018 is characterized by a consistent increase in total debt and significant volatility in stockholders' equity, which together drove a fluctuating leverage profile.
- Total Debt Trajectory
- Total debt exhibited a continuous upward trend throughout the analyzed period. The balance grew from US$ 4,032 million in 2011 to US$ 9,387 million in 2018, representing a steady expansion of total liabilities over the seven-year span.
- Stockholders' Equity Volatility
- Equity levels displayed a non-linear pattern, peaking at US$ 12,478 million in 2013 before undergoing a period of contraction. Equity reached a minimum of US$ 6,048 million in 2016, followed by a substantial recovery to US$ 10,257 million by the end of 2018.
- Debt to Equity Ratio Analysis
- The debt to equity ratio increased from 0.38 in 2011 to a peak of 1.48 in 2016. This escalation was driven by the simultaneous rise in total debt and the decline in stockholders' equity. Subsequent to 2016, the ratio declined to 0.92 by 2018, a trend primarily attributable to the recovery of the equity base.
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Comparison to Competitors
LyondellBasell Industries N.V., debt to equity, long-term trends, comparison to competitors
| LyondellBasell Industries N.V. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2018 | 0.92 | 0.30 | 2.50 |
| Dec 31, 2017 | 0.96 | 1.50 | 2.85 |
| Dec 31, 2016 | 1.48 | 1.90 | 1.04 |
| Dec 31, 2015 | 1.23 | 2.10 | 2.26 |
| Dec 31, 2014 | 0.85 | 1.65 | 1.81 |
| Dec 31, 2013 | 0.47 | 1.33 | 0.97 |
| Dec 31, 2012 | 0.40 | 1.21 | 0.95 |
| Dec 31, 2011 | 0.38 | 1.20 | 0.65 |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
Comparison to Sector (Chemicals)
LyondellBasell Industries N.V., debt to equity, long-term trends, comparison to sector (chemicals)
| LyondellBasell Industries N.V. | Chemicals | |
|---|---|---|
| Dec 31, 2018 | 0.92 | 0.45 |
| Dec 31, 2017 | 0.96 | 2.01 |
| Dec 31, 2016 | 1.48 | 1.66 |
| Dec 31, 2015 | 1.23 | 2.13 |
| Dec 31, 2014 | 0.85 | 1.67 |
| Dec 31, 2013 | 0.47 | 1.26 |
| Dec 31, 2012 | 0.40 | 1.15 |
| Dec 31, 2011 | 0.38 | 1.08 |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
Comparison to Industry (Materials)
LyondellBasell Industries N.V., debt to equity, long-term trends, comparison to industry (materials)
| LyondellBasell Industries N.V. | Materials | |
|---|---|---|
| Dec 31, 2018 | 0.92 | 0.55 |
| Dec 31, 2017 | 0.96 | 1.85 |
| Dec 31, 2016 | 1.48 | 2.12 |
| Dec 31, 2015 | 1.23 | 2.42 |
| Dec 31, 2014 | 0.85 | 1.21 |
| Dec 31, 2013 | 0.47 | 1.07 |
| Dec 31, 2012 | 0.40 | 0.50 |
| Dec 31, 2011 | 0.38 | 0.49 |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).