Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) Interest Coverage

: No Debt ⁽¹⁾ (As of Dec. 2023)

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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 by its Interest Expense. Cross Timbers Royalty Trust's Operating Income for the three months ended in Dec. 2023 was $2.40 Mil. Cross Timbers Royalty Trust's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Cross Timbers Royalty Trust has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Cross Timbers Royalty Trust has no debt.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No 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.

The historical rank and industry rank for Cross Timbers Royalty Trust's Interest Coverage or its related term are showing as below:

CRT' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

CRT's Interest Coverage is ranked better than
99.87% of 759 companies
in the Oil & Gas industry
Industry Median: 6.72 vs CRT: No Debt

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

Cross Timbers Royalty Trust Interest Coverage Historical Data

The historical data trend for Cross Timbers Royalty Trust's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No 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.

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Cross Timbers Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

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

Competitive Comparison

For the Oil & Gas E&P subindustry, Cross Timbers Royalty Trust's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution

For the Oil & Gas industry and Energy sector, Cross Timbers Royalty Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cross Timbers Royalty Trust's Interest Coverage falls into.

Cross Timbers Royalty Trust Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

Cross Timbers Royalty Trust's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Cross Timbers Royalty Trust's Interest Expense was $0.00 Mil. Its Operating Income was $11.48 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Cross Timbers Royalty Trust had no debt ⁽¹⁾.

Cross Timbers Royalty Trust's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Cross Timbers Royalty Trust's Interest Expense was $0.00 Mil. Its Operating Income was $2.40 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Cross Timbers Royalty Trust had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

Cross Timbers Royalty Trust (NYSE:CRT) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Cross Timbers Royalty Trust Interest Coverage Related Terms

Thank you for viewing the detailed overview of Cross Timbers Royalty Trust's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cross Timbers Royalty Trust (NYSE:CRT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Corporate Argent Trust Company, 2911 Turtle Creek Boulevard, Suite 850, Dallas, TX, USA, 75219

Website

http://www.crt-crosstimbers.com

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.