Texas Pacific Land Trust (TPL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 369,835 | 533,914 | 894,704 | 837,100 | 725,169 | 654,158 | 609,252 | 590,619 | 510,834 | 446,588 | 389,794 | 507,356 | 428,242 | 372,761 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 7.94 | 9.31 | 20.21 | 11.81 | 16.34 | 13.81 | 13.57 | 9.68 | 12.90 | 10.24 | 6.83 | 7.54 | 8.41 | 12.81 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($369,835K
+ $—K
+ $—K)
÷ $46,561K
= 7.94
The quick ratio of Texas Pacific Land Trust has shown fluctuation over the analyzed periods. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, was as follows:
- September 30, 2021: 12.81
- December 31, 2021: 8.41
- March 31, 2022: 7.54
- June 30, 2022: 6.83
- September 30, 2022: 10.24
- December 31, 2022: 12.90
- March 31, 2023: 9.68
- June 30, 2023: 13.57
- September 30, 2023: 13.81
- December 31, 2023: 16.34
- March 31, 2024: 11.81
- June 30, 2024: 20.21
- September 30, 2024: 9.31
- December 31, 2024: 7.94
The company's quick ratio has ranged from as low as 6.83 to as high as 20.21, indicating varying levels of liquidity over the periods analyzed. A quick ratio of above 1 generally indicates that the company is able to cover its current liabilities with its quick assets. The higher the quick ratio, the better the company's liquidity position. However, it is important to consider industry benchmarks and historical trends when interpreting these ratios in isolation.