Texas Pacific Land Trust (TPL)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,248,020 | 1,175,570 | 1,315,790 | 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 |
| 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 |
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 consistently been 0.00% for the periods ranging from September 30, 2021, to December 31, 2024. This indicates that the company has not used debt to finance its assets during these periods. A debt-to-assets ratio of 0.00% suggests that the company has a strong financial position with minimal financial risk related to debt obligations. It also implies that the company relies more on equity financing rather than debt financing to support its operations and investment activities. This prudent approach may indicate financial stability and independence from potential financial distress associated with high debt levels.