Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) Debt-to-Equity

: 0.00 (As of Dec. 2023)

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Cross Timbers Royalty Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Cross Timbers Royalty Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Cross Timbers Royalty Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.67 Mil. Cross Timbers Royalty Trust's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cross Timbers Royalty Trust's Debt-to-Equity or its related term are showing as below:

CRT's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Cross Timbers Royalty Trust Debt-to-Equity Historical Data

The historical data trend for Cross Timbers Royalty Trust's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cross Timbers Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Cross Timbers Royalty Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																-	-	-	-	-

Competitive Comparison

For the Oil & Gas E&P subindustry, Cross Timbers Royalty Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cross Timbers Royalty Trust Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, Cross Timbers Royalty Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cross Timbers Royalty Trust's Debt-to-Equity falls into.

Cross Timbers Royalty Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cross Timbers Royalty Trust's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	2.672
	=	0.00

Cross Timbers Royalty Trust's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	2.672
	=	0.00

Cross Timbers Royalty Trust (NYSE:CRT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Cross Timbers Royalty Trust Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cross Timbers Royalty Trust's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cross Timbers Royalty Trust (NYSE:CRT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Corporate Argent Trust Company, 2911 Turtle Creek Boulevard, Suite 850, Dallas, TX, USA, 75219

Website

http://www.crt-crosstimbers.com

Cross Timbers Royalty Trust is a United States based trust. Its principal asset is the net profits interests. The net profits interests are derived from producing royalty, overriding royalty interests, and working interests properties. The underlying properties of the trust include producing properties in Texas, Oklahoma, and New Mexico.

Executives

Gary D. Simpson	officer: Sr VP Investor Rel & Finance, other: Advisory Dir - XTO Energy Inc.	810 HOUSTON STREET, FORT WORTH TX 76102
Timothy L Petrus	other: Exec VP - XTO Energy Inc.	810 HOUSTON STREET, FORT WORTH TX 76102
Phillip R Kevil	other: Director-XTO Energy Inc.	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Vennerberg Vaughn O Ii	other: Exec. VP - Admin., XTO Energy
Bob R Simpson	other: Dir/CEO/Chair, XTO Energy	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Bennie G Kniffen	other: Sr. VP-Controller, XTO Energy
Steffen E Palko	Dir, Pres. and Vice Chairman, other: Dir/Pres/Vice Chair-XTO Energy
Louis G Baldwin	other: Executive VP-CFO, XTO Energy
Keith A Hutton	other: Exec. VP-Operation, XTO Energy	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Lane G Collins	other: Director, XTO Energy
Jack P Randall	other: Director, XTO Energy Inc.
Adams William H Iii	other: Director, XTO Energy Inc.	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Scott G Sherman	other: Director XTO Energy Inc.
Herbert D Simons	other: Director, XTO Energy Inc.