Texas Pacific Land Trust (TPL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 503,369 | 708,969 | 1,017,680 | 963,828 | 862,464 | 790,858 | 737,530 | 711,006 | 633,401 | 589,187 | 523,936 | 618,840 | 526,513 | 458,108 |
| Total current liabilities | US$ in thousands | 46,561 | 57,331 | 44,268 | 70,871 | 44,387 | 47,370 | 44,884 | 61,037 | 39,595 | 43,599 | 57,073 | 67,279 | 50,900 | 29,102 |
| Current ratio | 10.81 | 12.37 | 22.99 | 13.60 | 19.43 | 16.70 | 16.43 | 11.65 | 16.00 | 13.51 | 9.18 | 9.20 | 10.34 | 15.74 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $503,369K ÷ $46,561K
= 10.81
The current ratio of Texas Pacific Land Trust has shown fluctuations over the reported periods. As of December 31, 2024, the current ratio stood at 10.81, indicating that the company had $10.81 in current assets for every $1 of current liabilities. This ratio has decreased from the previous period but remains above 1, suggesting that the company has sufficient current assets to cover its current obligations in the short term. It is essential to note that a current ratio above 1 is generally considered favorable as it indicates a healthy liquidity position. Monitoring the trend of the current ratio over time can provide insights into the company's ability to meet its short-term financial obligations.