Texas Pacific Land Trust (TPL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,132,460 | 1,052,130 | 1,206,420 | 1,122,450 | 1,043,200 | 964,558 | 887,550 | 829,051 | 772,887 | 721,170 | 645,281 | 727,876 | 651,711 | 601,042 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,132,460K)
= 0.00
The debt-to-capital ratio for Texas Pacific Land Trust has consistently remained at 0.00% from September 30, 2021, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00% suggests that the company's capital is entirely financed by equity, which may be considered favorable as it signifies lower financial risk and interest expenses. However, it is essential to note that a zero debt-to-capital ratio may also imply that the company is not taking advantage of potential leverage for growth or investment opportunities. Overall, Texas Pacific Land Trust's consistent zero debt-to-capital ratio indicates a conservative financial strategy focused on equity financing.