Texas Pacific Land (Texas Pacific Land) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Texas Pacific Land Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Texas Pacific Land's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.0 Mil. Texas Pacific Land's average total debt for the quarter that ended in Dec. 2023 was $1.2 Mil. Therefore, Texas Pacific Land's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Texas Pacific Land Effective Interest Rate on Debt % Historical Data

The historical data trend for Texas Pacific Land's Effective Interest Rate on 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.

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Texas Pacific Land Effective Interest Rate on Debt % Chart

Texas Pacific Land Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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Texas Pacific Land Quarterly Data
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Competitive Comparison of Texas Pacific Land's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Texas Pacific Land's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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.

Texas Pacific Land's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Texas Pacific Land's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Texas Pacific Land's Effective Interest Rate on Debt % falls into.

Texas Pacific Land Effective Interest Rate on Debt % Calculation

Texas Pacific Land's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (1.955	+	1.17)	/ 2 )
=	-1 * 0	/	1.5625
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.955	+	0
=	1.955

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.17	+	0
=	1.17

Texas Pacific Land's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	1.17)	/ 1 )
=	-1 * 0	/	1.17
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.17	+	0
=	1.17

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Texas Pacific Land (NYSE:TPL) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Texas Pacific Land Effective Interest Rate on Debt % Related Terms

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Texas Pacific Land (Texas Pacific Land) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texas Pacific Land Corp (NYSE:TPL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

9WY:Germany 9WY:Germany

Address

1700 Pacific Avenue, Suite 2900, Dallas, TX, USA, 75201

Website

https://www.texaspacific.com

Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.

Executives

Murray Stahl	director	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Horizon Kinetics Asset Management Llc	10 percent owner	470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Rhys J Best	director	MRC GLOBAL INC., 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010
Donald G Cook	director	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Micheal W. Dobbs	officer: Senior VP, Secretory + GC	1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Karl F Kurz	director	DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Stephanie Buffington	officer: Chief Accounting Officer
Dana F. Mcginnis	director	112 E PECAN STREET, SUITE 1425, SAN ANTONIO TX 78025
Barbara J Duganier	director	6 CARLTON PARK COURT, HOUSTON TX 77024-7316
Norris John R Iii	director	3811 TURTLE CREEK BLVD #400, C/O CALOWAY NORRIS & BURDETTE, DALLAS TX 75219
Donna E Epps	director	11465 JOHNS CREEK PARKWAY, SUITE400, JOHNS CREEK GA 30097
Eric L Oliver	director	303 W WALL, SUITE 1700, MIDLAND TX 79701
Chris Steddum	officer: Chief Financial Officer	1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Tyler Glover	director, officer: President & CEO	1700 PACIFIC AVENUE, SUITE 2770, C/O TEXAS PACIFIC LAND TRUST, DALLAS TX 75201
David E. Barry	director	C/O SIDRA REAL ESTATE, INC., TWO RIVERWAY, SUITE 1010, HOUSTON TX 77056