Cross Timbers Royalty Trust has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Cross Timbers Royalty Trust shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Cross Timbers Royalty Trust has no long-term debt (1).
Cross Timbers Royalty Trust's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Cross Timbers Royalty Trust's Altman Z-Score is 36.87.
(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.
Competitive Comparison
For the Oil & Gas E&P subindustry, Cross Timbers Royalty Trust's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength Distribution
For the Oil & Gas industry and Energy sector, Cross Timbers Royalty Trust's Financial Strength distribution charts can be found below:
* The bar in red indicates where Cross Timbers Royalty Trust's Financial Strength falls into.
Cross Timbers Royalty Trust Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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:
Cross Timbers Royalty Trust's Interest Expense for the
months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the
months ended in Dec. 2023 was $2.40 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.
Cross Timbers Royalty Trust's Interest Coverage for the quarter that ended in Dec. 2023 is
| Cross Timbers Royalty Trust had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Cross Timbers Royalty Trust has no debt.
2. Debt to revenue ratio. The lower, the better.
Cross Timbers Royalty Trust's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Cross Timbers Royalty Trust has a Z-score of 36.87, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 36.87 is strong.
* 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.
Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) Business Description
Traded in Other Exchanges
N/A
Address
C/o Corporate Argent Trust Company, 2911 Turtle Creek Boulevard, Suite 850, Dallas, TX, USA, 75219
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. |
|
Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) Headlines
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