Texas Pacific Land Trust (TPL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,248,020 | 1,156,400 | 877,427 | 764,064 | 571,635 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,248,020K
= 0.00
The debt-to-assets ratio for Texas Pacific Land Trust has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets during these years. A debt-to-assets ratio of 0.00 suggests that the company is financing its operations without the use of debt, which may imply a strong financial position and stability. However, it's important to note that while a low debt-to-assets ratio can be favorable, it may also indicate under-leverage, potentially missing out on opportunities to use debt for strategic investments or growth.