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TXO Partners LP (TXO Partners LP) Equity-to-Asset : 0.68 (As of Mar. 2024)


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What is TXO Partners LP Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TXO Partners LP's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $465.7 Mil. TXO Partners LP's Total Assets for the quarter that ended in Mar. 2024 was $688.2 Mil. Therefore, TXO Partners LP's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.68.

The historical rank and industry rank for TXO Partners LP's Equity-to-Asset or its related term are showing as below:

TXO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.49   Med: 0.68   Max: 0.78
Current: 0.68

During the past 4 years, the highest Equity to Asset Ratio of TXO Partners LP was 0.78. The lowest was 0.49. And the median was 0.68.

TXO's Equity-to-Asset is ranked better than
73.01% of 1093 companies
in the Oil & Gas industry
Industry Median: 0.5 vs TXO: 0.68

TXO Partners LP Equity-to-Asset Historical Data

The historical data trend for TXO Partners LP's Equity-to-Asset 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.

TXO Partners LP Equity-to-Asset Chart

TXO Partners LP Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
0.49 0.65 0.56 0.68

TXO Partners LP Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.76 0.76 0.68 0.68

Competitive Comparison of TXO Partners LP's Equity-to-Asset

For the Oil & Gas E&P subindustry, TXO Partners LP's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

TXO Partners LP's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TXO Partners LP's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where TXO Partners LP's Equity-to-Asset falls into.


TXO Partners LP Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

TXO Partners LP's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=473.798/695.613
=0.68

TXO Partners LP's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=465.731/688.203
=0.68

* 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.

TXO Partners LP  (NYSE:TXO) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

TXO Partners LP Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of TXO Partners LP's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

TXO Partners LP (TXO Partners LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TXO Partners LP (NYSE:TXO) » Definitions » Equity-to-Asset
Comparable Companies
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Traded in Other Exchanges
7OJ:Germany
Address
400 West 7th Street, Fort Worth, TX, USA, 76102
Website
https://www.txopartners.com
TXO Partners LP is focused on the acquisition, development, optimization and exploitation of oil, natural gas, and natural gas liquid reserves in North America.
Executives
Phillip R Kevil director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
King Luther Capital Management Corp 10 percent owner 301 COMMERCE SUITE 1600, FORT WORTH TX 76102
Bob R Simpson director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Keith A Hutton director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Adams William H Iii director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Global Endowment Management, Lp 10 percent owner 224 W TREMONT AVE, CHARLOTTE NC 28203
Lkcm Investment Partnership, L.p. 10 percent owner 301 COMMERCE STREET, SUITE 1600, FORT WORTH TX 76102
Lkcm Private Discipline Master Fund, Spc 10 percent owner PO BOX 309GT, UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 00000
King J Luther Jr director, 10 percent owner, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Brent W. Clum director, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Scott T. Agosta officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Richard Jacob Settle director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102