PermRock Royalty Trust (PermRock Royalty Trust) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is PermRock Royalty Trust Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. PermRock Royalty Trust's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, PermRock Royalty Trust could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

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

PRT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: No Debt Max: No Debt
Current: No Debt

During the past 8 years, PermRock Royalty Trust's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

PRT's Cash-to-Debt is ranked better than
99.9% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.5 vs PRT: No Debt

PermRock Royalty Trust Cash-to-Debt Historical Data

The historical data trend for PermRock Royalty Trust's Cash-to-Debt 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.

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

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PermRock Royalty Trust Cash-to-Debt Chart

PermRock Royalty Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

PermRock Royalty Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of PermRock Royalty Trust's Cash-to-Debt

For the Oil & Gas E&P subindustry, PermRock Royalty Trust's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

PermRock Royalty Trust's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PermRock Royalty Trust's Cash-to-Debt falls into.

PermRock Royalty Trust Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

PermRock Royalty Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

PermRock Royalty Trust had no debt ⁽¹⁾.

PermRock Royalty Trust's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

PermRock Royalty Trust had no debt ⁽¹⁾.

PermRock Royalty Trust (NYSE:PRT) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

PermRock Royalty Trust Cash-to-Debt Related Terms

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PermRock Royalty Trust (PermRock Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PermRock Royalty Trust (NYSE:PRT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2911 Turtle Creek Blvd, Suite 850, Argent Trust Company, Trustee, Dallas, TX, USA, 75219-6291

Website

http://www.permrock.com

PermRock Royalty Trust operates as a statutory trust. It is focused on the acquisition, development, and operation of oil and natural gas properties in the Permian Basin.

Executives

Boaz Energy Ii, Llc	10 percent owner	3300 N. A STREET BLDG. 7 #150, MIDLAND TX 79705
Karan E Eves	10 percent owner	3300 N. A. STREET, BUILDING 7, MIDLAND TX 79705
Marshall J Eves	10 percent owner	3300 N. A. STREET, BUILDING 7, MIDLAND TX 79705
Ngp X Us Holdings Lp	10 percent owner	5221 N. O'CONNOR BOULEVARD, SUITE 1100, IRVING TX 75039
Ngp Boaz Energy Ii Co-invest Llc	10 percent owner	5221 N. O'CONNOR BOULEVARD, SUITE 1100, IRVING TX 75039