PermRock Royalty Trust (PermRock Royalty Trust) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is PermRock Royalty Trust Debt-to-Equity?

PermRock Royalty Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. PermRock Royalty Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. PermRock Royalty Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $76.88 Mil. PermRock 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 PermRock Royalty Trust's Debt-to-Equity or its related term are showing as below:

During the past 8 years, the highest Debt-to-Equity Ratio of PermRock Royalty Trust was 0.54. The lowest was 0.54. And the median was 0.54.

PRT's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.445
* Ranked among companies with meaningful Debt-to-Equity only.

PermRock Royalty Trust Debt-to-Equity Historical Data

The historical data trend for PermRock 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.

PermRock Royalty Trust Debt-to-Equity Chart

PermRock Royalty Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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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
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

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

For the Oil & Gas E&P subindustry, PermRock 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.

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

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

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

PermRock Royalty Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PermRock 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)	/	76.876
	=	0.00

PermRock 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)	/	76.876
	=	0.00

PermRock Royalty Trust (NYSE:PRT) 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.

PermRock Royalty Trust Debt-to-Equity Related Terms

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

PermRock Royalty Trust (PermRock Royalty Trust) Business Description

Industry

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

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