Texas Pacific Land Trust (TPL)
Debt-to-assets ratio
| 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 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,259,170 | 1,156,400 | 1,079,320 | 1,001,320 | 955,251 | 877,427 | 828,974 | 764,708 | 856,569 | 764,064 | 695,617 | 633,843 | 613,802 | 571,635 |
| Debt-to-assets ratio | 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 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,259,170K
= 0.00
Texas Pacific Land Trust has consistently maintained a debt-to-assets ratio of 0.00 across all reporting periods from December 2020 to March 2024. This indicates that the company has not utilized debt financing to fund its operations and investments, and its assets are primarily financed through equity. A debt-to-assets ratio of 0.00 implies that the company faces no financial risk related to debt obligations and has a strong financial position with a significant level of equity financing. The consistent zero ratio suggests a conservative financial strategy focused on minimizing debt exposure and potential financial risk.