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Texas Pacific Land Corporation  (TPL)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Texas Pacific Land's Tangible Leverage Ratio

TPL's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Due to repayements of liabilities of -1.36% Texas Pacific Land improved Tangible Leverage Ratio in forth quarter 2023 to 0.11, below the company's average Tangible Leverage Ratio.

Within Oil And Gas Production industry in the forth quarter 2023 only one company has achieved lower Tangible Leverage Ratio than Texas Pacific Land during the forth quarter 2023. While Tangible Leverage Ratio total ranking has deteriorated compared to the third quarter 2023 from 44 to 66 .

Explain Tangible Leverage Ratio?
What is TPL Market Share?
What are TPL´s Total Liabilities?


TPL Tangible Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity Change 32.25 % 30.79 % 37.54 % 13.9 % 18.59 %
Y / Y Total Liabilities Change 8.29 % 6.45 % -4.73 % -1.94 % -6.95 %
Tangible Leverage Ratio MRQ 0.11 0.12 0.13 0.15 0.14
TPL's Total Ranking # 66 # 44 # 195 # 276 # 61
Seq. Tangible Equity Change 8.37 % 6.28 % 7.06 % 7.27 % 7.17 %
Seq. Total Liabilities Change -1.36 % 0.87 % -9.85 % 20.72 % -3.03 %



Tangible Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 2
Energy Sector # 2
Overall Market # 66


Tangible Leverage Ratio Statistics
High Average Low
0.65 0.23 0.08
(Mar 31 2017)   (Sep 30 2020)




Financial Statements
Texas Pacific Land's Tangible Equity $ 1,022 Millions Visit TPL's Balance sheet
Texas Pacific Land's Total Liabilities $ 113 Millions Visit TPL's Balance sheet
Source of TPL's Sales Visit TPL's Sales by Geography


Cumulative Texas Pacific Land's Tangible Leverage Ratio

TPL's Tangible Leverage Ratio for the trailling 12 Months

TPL Tangible Leverage Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity TTM Growth 32.25 % 30.79 % 37.54 % 13.9 % 18.59 %
Y / Y Total Liabilities TTM Growth 8.29 % 6.45 % -4.73 % -1.94 % -6.95 %
Tangible Leverage Ratio TTM 0.13 0.13 0.14 0.15 0.16
Total Ranking TTM # 64 # 34 # 251 # 2 # 71
Seq. Tangible Equity TTM Growth 8.37 % 6.28 % 7.06 % 7.27 % 7.17 %
Seq. Total Liabilities TTM Growth -1.36 % 0.87 % -9.85 % 20.72 % -3.03 %


On the trailing twelve months basis Due to repayements of liabilities of -1.36% Texas Pacific Land has not changed Tangible Leverage Ratio in the 12 months ending in IV Quarter 2023 to 0.13, below the company's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Oil And Gas Production industry only one has achieved lower Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has deteriorated during the twelve months ending in the IV Quarter 2023, compared to the prior period, from 34 to 64.

Explain Tangible Leverage Ratio?
What is TPL Market Share?
What are TPL´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 2
Energy Sector # 2
Within the Market # 64


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
0.65 0.23 0.08
(Mar 31 2017)   (Sep 30 2020)




Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Oil And Gas Production Industry Tangible Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Tangible Equity
Coterra Energy Inc   0.30 $ 3,963.000  Millions$ 13,039.000  Millions
Rpc inc   0.28 $ 264.332  Millions$ 958.864  Millions
Granite Ridge Resources Inc   0.27 $ 181.470  Millions$ 671.645  Millions
Eog Resources Inc   0.27 $ 7,514.000  Millions$ 28,090.000  Millions
Epsilon Energy Ltd   0.23 $ 23.430  Millions$ 100.613  Millions
Sandridge Energy Inc   0.23 $ 106.055  Millions$ 468.111  Millions
Pedevco Corp   0.22 $ 21.292  Millions$ 98.766  Millions
Texas Pacific Land Corporation  0.11 $ 113.202  Millions$ 1,022.171  Millions
Mexco Energy Corporation  0.07 $ 1.233  Millions$ 17.420  Millions

Date modified: 2024-02-22T08:33:13+00:00



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