Texas Pacific Land Trust (TPL)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,132,460 | 1,043,200 | 772,887 | 651,711 | 485,184 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,132,460K)
= 0.00
The debt-to-capital ratio of Texas Pacific Land Trust has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this period, resulting in a capital structure entirely reliant on equity. A debt-to-capital ratio of 0.00 signifies a low risk of financial distress related to debt obligations and a strong financial position with no significant debt burden impacting the company's capital structure.