Viper Energy Ut (VNOM)
Solvency ratios
| 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 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.00 | 3.00 | 3.58 | 3.72 | 3.92 | 4.40 | 4.45 | 4.52 | 4.23 | 4.12 | 4,038.02 | 3.90 | 3.72 | 4.26 | 4.11 | 3.98 | 3.87 | 3.57 | 3.59 | 3.53 |
Based on the provided data for Viper Energy Ut, the solvency ratios indicate a stable and healthy financial position over the analyzed period. The debt-to-assets ratio consistently remains at 0.00, signifying that the company has not relied on debt to finance its assets, which is a positive indicator of financial health and lower risk.
Similarly, the debt-to-capital ratio remains at 0.00 throughout the period, indicating that the company has not utilized debt significantly to fund its operations compared to equity. This reflects a strong capital structure and financial stability.
Moreover, the debt-to-equity ratio also remains at 0.00 consistently, suggesting that the company has not been heavily reliant on debt to finance its operations relative to equity. This low ratio is typically viewed favorably by investors as it indicates lower financial risk.
The financial leverage ratio shows some fluctuations over the period, starting at 3.53 in March 31, 2020, peaking at 4,038.02 in June 30, 2022, and then decreasing to 3.00 by December 31, 2024. The sharp increase in the financial leverage ratio in June 30, 2022, could be an anomaly or a data error as it is significantly higher than other values reported. Nevertheless, the ratio generally shows a downward trend, indicating a decrease in the company's reliance on debt for financing.
Overall, based on the solvency ratios analyzed, Viper Energy Ut appears to have a solid financial foundation with low debt levels and a healthy capital structure, which bodes well for its long-term financial sustainability and reduced financial risk.
Coverage ratios
| 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 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.71 | 8.03 | 10.17 | 10.52 | 12.16 | 14.30 | 12.90 | 15.56 | 16.39 | 15.72 | 14.29 | 11.19 | 8.58 | 3.72 | 1.98 | -0.38 | -0.20 | 2.74 | 3.84 | 7.54 |
The interest coverage ratio of Viper Energy Ut has shown fluctuations over the periods provided.
- The interest coverage ratio decreased from 7.54 on March 31, 2020, to -0.20 on December 31, 2020, indicating a decline in the company's ability to cover its interest expenses with its operating income.
- The ratio remained negative in the following quarter with -0.38 on March 31, 2021, suggesting continuing challenges in meeting interest obligations.
- There was a rebound in the interest coverage ratio to 15.72 on September 30, 2022, which indicates a significant improvement in the company's ability to cover interest expenses.
- Subsequently, the ratio continued to show stability, remaining above 10 in the periods up to December 31, 2024, albeit with some fluctuations.
Overall, the interest coverage ratio of Viper Energy Ut has demonstrated a mix of strengths and weaknesses, with periods of both vulnerability and resilience in managing its interest obligations. Investors and stakeholders may want to monitor this ratio closely to assess the company's financial health and ability to service its debt going forward.