Texas Pacific Land (STU:9WY) Interest Expense : €0.0 Mil (TTM As of Mar. 2024)

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What is Texas Pacific Land Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Texas Pacific Land's interest expense for the three months ended in Mar. 2024 was € 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €0.0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Texas Pacific Land's Operating Income for the three months ended in Mar. 2024 was € 125.2 Mil. Texas Pacific Land's Interest Expense for the three months ended in Mar. 2024 was € 0.0 Mil. Texas Pacific Land has no long-term debt ⁽¹⁾. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Texas Pacific Land Interest Expense Historical Data

The historical data trend for Texas Pacific Land's Interest Expense 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.

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Texas Pacific Land Interest Expense Chart

Texas Pacific Land Annual Data

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Interest Expense

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Texas Pacific Land Quarterly Data
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Texas Pacific Land Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.0 Mil.

Texas Pacific Land (STU:9WY) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Texas Pacific Land's Interest Expense for the three months ended in Mar. 2024 was €0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €125.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0.0 Mil.

Texas Pacific Land's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Texas Pacific Land had no long-term debt ⁽¹⁾.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Texas Pacific Land Corp has enough cash to cover all of its debt. Its financial situation is stable.

Texas Pacific Land (STU:9WY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texas Pacific Land Corp (STU:9WY) » Definitions » Interest Expense

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TPL:USA

Address

1700 Pacific Avenue, Suite 2900, Dallas, TX, USA, 75201

Website

https://www.texaspacific.com

Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.

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