Texas Pacific Land Trust (TPL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,122,450 | 1,043,200 | 964,558 | 887,550 | 829,051 | 772,887 | 721,170 | 645,281 | 727,876 | 651,711 | 601,042 | 547,177 | 513,935 | 485,184 |
| 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 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,122,450K)
= 0.00
The debt-to-capital ratio of Texas Pacific Land Trust has consistently been reported as 0.00 in the financial statements for the past 14 quarters, indicating that the company has not had any debt in relation to its capital during this period. A debt-to-capital ratio of 0.00 suggests that the company is not relying on external borrowing to finance its operations and growth, which can be viewed positively by investors and creditors as it indicates lower financial risk and potentially higher financial stability. This stable and consistent pattern of a zero debt-to-capital ratio over multiple quarters suggests that the company has been managing its capital structure prudently and may have a strong cash position or alternative sources of funding to support its activities.