Texas Pacific Land Trust (TPL)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,132,460K
= 0.00
The debt-to-equity ratio for Texas Pacific Land Trust has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations during this period and relies entirely on equity for its capital structure. A debt-to-equity ratio of 0.00 suggests that the company's financial risk is low as it has no debt obligations to repay. This may imply a conservative financial strategy or a strong ability to generate sufficient internal funding for its activities.