Texas Pacific Land Trust (TPL)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,122,450K
= 0.00
The debt-to-equity ratio of Texas Pacific Land Trust has consistently been recorded as 0.00 for all the periods listed from December 31, 2020, to March 31, 2024. This indicates that the company has not reported any debt in relation to its equity during these periods. A debt-to-equity ratio of 0.00 typically suggests that the company is financed primarily by equity rather than debt. This could imply a low financial risk and a strong financial position, as the absence of debt obligations may lead to lower interest expenses and reduced financial leverage. It is important to consider other financial metrics and factors when evaluating the overall financial health and performance of the company.