LyondellBasell Industries N.V.、合并资产负债表结构:负债和股东权益(季度数据)
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2019年6月30日 |
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2019年3月31日 |
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2018年12月31日 |
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2018年9月30日 |
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2018年6月30日 |
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2018年3月31日 |
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2017年12月31日 |
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2017年9月30日 |
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2017年6月30日 |
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2017年3月31日 |
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2016年12月31日 |
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2016年9月30日 |
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2016年6月30日 |
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2016年3月31日 |
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2015年12月31日 |
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2015年9月30日 |
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2015年6月30日 |
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2015年3月31日 |
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2014年12月31日 |
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2014年9月30日 |
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2014年6月30日 |
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2014年3月31日 |
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长期债务的当前到期日 |
0.01% | |
0.02% | |
0.02% | |
3.43% | |
3.60% | |
0.02% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.02% | |
0.02% | |
0.02% | |
0.01% | |
0.01% | |
0.02% | |
0.02% | |
0.01% | |
0.01% | |
0.01% | |
|
短期债务 |
9.02% | |
7.95% | |
3.13% | |
0.75% | |
0.28% | |
0.29% | |
0.26% | |
1.51% | |
2.33% | |
2.57% | |
2.53% | |
2.65% | |
2.63% | |
2.52% | |
1.55% | |
2.39% | |
2.37% | |
2.14% | |
1.42% | |
0.22% | |
0.21% | |
0.21% | |
|
贸易 |
8.29% | |
8.73% | |
9.05% | |
10.20% | |
9.21% | |
8.85% | |
8.62% | |
8.47% | |
7.43% | |
8.76% | |
8.65% | |
8.04% | |
8.09% | |
7.10% | |
7.15% | |
7.51% | |
8.25% | |
8.27% | |
9.22% | |
10.19% | |
10.41% | |
10.12% | |
|
关联方 |
1.70% | |
1.93% | |
1.86% | |
2.18% | |
2.24% | |
2.35% | |
2.43% | |
2.37% | |
2.18% | |
2.29% | |
2.14% | |
1.90% | |
1.97% | |
2.42% | |
2.44% | |
2.73% | |
2.94% | |
2.69% | |
3.40% | |
3.20% | |
3.43% | |
2.97% | |
|
应付帐款 |
9.99% |
|
10.66% |
|
10.92% |
|
12.39% |
|
11.45% |
|
11.19% |
|
11.05% |
|
10.83% |
|
9.61% |
|
11.05% |
|
10.79% |
|
9.94% |
|
10.06% |
|
9.52% |
|
9.59% |
|
10.24% |
|
11.20% |
|
10.96% |
|
12.62% |
|
13.39% |
|
13.84% |
|
13.09% |
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|
应计负债 |
5.16% | |
4.83% | |
5.43% | |
5.19% | |
4.83% | |
5.60% | |
6.91% | |
5.91% | |
5.19% | |
4.79% | |
6.04% | |
5.79% | |
5.86% | |
6.79% | |
7.95% | |
7.45% | |
5.91% | |
6.17% | |
6.40% | |
5.70% | |
4.91% | |
5.31% | |
|
递延所得税 |
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% | |
1.60% | |
1.76% | |
1.79% | |
1.93% | |
2.67% | |
2.14% | |
1.94% | |
|
流动负债 |
24.18% |
|
23.46% |
|
19.50% |
|
21.75% |
|
20.17% |
|
17.10% |
|
18.23% |
|
18.27% |
|
17.13% |
|
18.42% |
|
19.37% |
|
18.40% |
|
18.57% |
|
18.84% |
|
19.11% |
|
21.70% |
|
21.25% |
|
21.08% |
|
22.39% |
|
21.98% |
|
21.11% |
|
20.56% |
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|
长期债务,不包括当前到期的债务 |
24.34% | |
25.17% | |
30.05% | |
26.03% | |
27.72% | |
31.72% | |
32.62% | |
33.80% | |
35.23% | |
35.42% | |
35.77% | |
36.14% | |
36.21% | |
36.08% | |
33.71% | |
32.35% | |
31.41% | |
32.28% | |
27.83% | |
26.35% | |
25.38% | |
24.31% | |
|
经营租赁负债 |
4.18% | |
4.29% | |
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% | |
|
其他责任 |
6.02% | |
6.12% | |
6.71% | |
7.03% | |
6.68% | |
8.74% | |
8.68% | |
9.21% | |
9.34% | |
8.96% | |
9.01% | |
9.18% | |
9.14% | |
9.01% | |
8.95% | |
8.54% | |
8.38% | |
8.49% | |
8.74% | |
7.00% | |
6.94% | |
6.61% | |
|
递延所得税 |
6.44% | |
6.58% | |
6.98% | |
6.18% | |
6.19% | |
6.28% | |
6.32% | |
9.69% | |
9.83% | |
9.90% | |
9.94% | |
10.19% | |
9.17% | |
9.05% | |
9.35% | |
6.70% | |
6.64% | |
6.89% | |
6.68% | |
6.14% | |
6.09% | |
6.03% | |
|
非流动负债 |
40.98% |
|
42.16% |
|
43.74% |
|
39.25% |
|
40.59% |
|
46.73% |
|
47.62% |
|
52.70% |
|
54.40% |
|
54.28% |
|
54.73% |
|
55.52% |
|
54.52% |
|
54.14% |
|
52.00% |
|
47.59% |
|
46.44% |
|
47.65% |
|
43.25% |
|
39.49% |
|
38.42% |
|
36.95% |
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|
负债合计 |
65.16% |
|
65.62% |
|
63.24% |
|
61.00% |
|
60.76% |
|
63.83% |
|
65.85% |
|
70.97% |
|
71.52% |
|
72.71% |
|
74.09% |
|
73.92% |
|
73.09% |
|
72.98% |
|
71.11% |
|
69.28% |
|
67.69% |
|
68.73% |
|
65.64% |
|
61.47% |
|
59.53% |
|
57.50% |
|
|
可赎回非控制性权益 |
0.37% | |
0.39% | |
0.41% | |
0.43% | |
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% | |
|
普通股,面值 0.04 欧元 |
0.07% | |
0.07% | |
0.08% | |
0.08% | |
0.11% | |
0.12% | |
0.12% | |
0.12% | |
0.13% | |
0.13% | |
0.13% | |
0.13% | |
0.13% | |
0.13% | |
0.14% | |
0.13% | |
0.13% | |
0.13% | |
0.13% | |
0.12% | |
0.12% | |
0.11% | |
|
额外实收资本 |
22.48% | |
23.41% | |
24.90% | |
24.51% | |
37.71% | |
37.87% | |
38.95% | |
40.41% | |
42.28% | |
42.89% | |
43.47% | |
43.53% | |
43.49% | |
43.24% | |
44.83% | |
42.63% | |
41.59% | |
42.74% | |
42.77% | |
40.52% | |
38.94% | |
37.32% | |
|
留存收益 |
25.08% | |
24.11% | |
23.92% | |
22.49% | |
66.38% | |
62.01% | |
60.09% | |
56.28% | |
56.00% | |
53.58% | |
52.39% | |
50.66% | |
48.06% | |
44.69% | |
43.24% | |
39.24% | |
34.83% | |
31.69% | |
27.90% | |
24.70% | |
20.37% | |
16.61% | |
|
累计其他综合收益(亏损) |
-4.69% | |
-4.74% | |
-4.82% | |
-4.56% | |
-5.03% | |
-4.84% | |
-4.90% | |
-5.38% | |
-5.70% | |
-6.05% | |
-6.45% | |
-6.37% | |
-6.28% | |
-5.93% | |
-6.32% | |
-5.77% | |
-5.31% | |
-6.52% | |
-4.23% | |
-1.99% | |
0.16% | |
0.35% | |
|
库存股,按成本计算 |
-8.54% | |
-8.93% | |
-7.80% | |
-4.02% | |
-59.95% | |
-58.99% | |
-60.10% | |
-62.41% | |
-64.24% | |
-63.37% | |
-63.75% | |
-61.99% | |
-58.60% | |
-55.22% | |
-53.11% | |
-45.62% | |
-39.01% | |
-36.89% | |
-32.34% | |
-24.94% | |
-19.25% | |
-12.02% | |
|
公司股东权益合计 |
34.39% |
|
33.92% |
|
36.27% |
|
38.49% |
|
39.23% |
|
36.17% |
|
34.15% |
|
29.02% |
|
28.47% |
|
27.19% |
|
25.80% |
|
25.97% |
|
26.81% |
|
26.91% |
|
28.78% |
|
30.62% |
|
32.22% |
|
31.15% |
|
34.24% |
|
38.40% |
|
40.34% |
|
42.37% |
|
|
非控制性权益 |
0.07% | |
0.07% | |
0.08% | |
0.09% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.01% | |
0.11% | |
0.11% | |
0.11% | |
0.10% | |
0.10% | |
0.11% | |
0.10% | |
0.09% | |
0.12% | |
0.12% | |
0.12% | |
0.13% | |
0.13% | |
|
权益合计 |
34.46% |
|
33.99% |
|
36.35% |
|
38.57% |
|
39.24% |
|
36.17% |
|
34.15% |
|
29.03% |
|
28.48% |
|
27.29% |
|
25.91% |
|
26.08% |
|
26.91% |
|
27.02% |
|
28.89% |
|
30.72% |
|
32.31% |
|
31.27% |
|
34.36% |
|
38.53% |
|
40.47% |
|
42.50% |
|
|
负债总额、可赎回非控制性权益和权益 |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
根据报告:
10-Q (报告日期: 2019-06-30), 10-Q (报告日期: 2019-03-31), 10-K (报告日期: 2018-12-31), 10-Q (报告日期: 2018-09-30), 10-Q (报告日期: 2018-06-30), 10-Q (报告日期: 2018-03-31), 10-K (报告日期: 2017-12-31), 10-Q (报告日期: 2017-09-30), 10-Q (报告日期: 2017-06-30), 10-Q (报告日期: 2017-03-31), 10-K (报告日期: 2016-12-31), 10-Q (报告日期: 2016-09-30), 10-Q (报告日期: 2016-06-30), 10-Q (报告日期: 2016-03-31), 10-K (报告日期: 2015-12-31), 10-Q (报告日期: 2015-09-30), 10-Q (报告日期: 2015-06-30), 10-Q (报告日期: 2015-03-31), 10-K (报告日期: 2014-12-31), 10-Q (报告日期: 2014-09-30), 10-Q (报告日期: 2014-06-30), 10-Q (报告日期: 2014-03-31).
从数据中可以观察到,长期债务在负债结构中的比例逐步上升,尤其是在2015年到2017年期间,长期债务的占比逐渐增加至高点,之后略有下降,表明公司在这段期间不断增加长期债务融资,可能旨在降低再融资风险或支撑扩张计划。
短期债务占比呈现出较大的波动,特别是在2014年到2015年期间出现明显的上升,从约0.21%迅速提升至超过2%,之后逐步回落至较低水平,目前约在0.25%到9%之间。这说明公司在某些时期增加了短期借款,但整体比例仍处于较低水平,风险可控。
贸易应收账款占比相对稳定,平均在8%到10%之间,略有上升趋势,尤其在2018年后有所增加,反映公司在应收账款管理方面的变化或业务扩展带来的影响。
关联方负债比例保持相对稳定,约在1.7%到3%的区间内,说明与关联方的财务关系相对稳定,未出现显著变化。
应付账款比例较为平稳,大致在9%到13%之间,显示出公司在供应链管理中的债务结构较为稳定。
应计负债占比波动较小,整体在4.8%至7.95%之间,略有上升趋势,但变化幅度不大,可能与应付工资等短期责任的调整有关。
流动负债比例在2014年至2019年间大致稳定在17%至22%,并在2020年后出现上升趋势,最高达到24.18%,表明短期债务压力在增加。
非流动负债在整体负债中的比例逐步上升,从2014年的36.95%上升至2016年的逾54%,此后略有下降,但仍然维持在较高水平,显示公司更偏向长周期融资结构,减少短期偿债压力。
负债合计比例持续上升,从2014年的57.5%逐步增长到2016年底的最高约74%,之后略有下降,但整体仍较高,说明公司负债规模持续扩大,财务杠杆增强。
公司股东权益占比经历了由低到高的变化,2014年约为42.37%,到2017年末达到约34%,后续又上升至2018年及以后接近40%以上,反映公司在扩大负债的同时也在增加权益资本以改善资本结构,但权益比例的波动可能提示财务杠杆的调整过程。
留存收益逐步增加,占比由2014年的16.61%提升到2019年末的24%以上,为公司内生增长提供了积累的资金来源,反映出盈利能力改善及盈利再投资的趋势。
库存股比例持续负值,显示公司在股东回报中采取的股票回购措施,比例由初期的-12%扩大到-64%以上,说明股票回购力度较大,影响了权益的构成。
总体来看,公司财务结构趋向于增加长期债务,提升杠杆率,权益部分虽有增长,但受回购股票影响比例出现周期性变化。短期债务维持在较低水平,风险控制相对良好,且现金流管理与融资策略不断调整,旨在优化资本结构以支持未来增长。公司负债的增长与权益的变动同步反映出其在整体财务策略中逐步提升融资能力,为扩大规模提供基础,但同时也要关注债务水平带来的压力与潜在风险。