What is Sitio Royalties Financial Strength?
Sitio Royalties has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Sitio Royalties's Interest Coverage for the quarter that ended in Dec. 2023 was 3.18.
Sitio Royalties's debt to revenue ratio for the quarter that ended in Dec. 2023 was 1.46.
As of today, Sitio Royalties's Altman Z-Score is 1.11.
Competitive Comparison of Sitio Royalties's Financial Strength
For the Oil & Gas E&P subindustry, Sitio Royalties's Financial Strength, along with its competitors' market caps and Financial Strength 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.
Sitio Royalties's Financial Strength Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Sitio Royalties's Financial Strength distribution charts can be found below:
* The bar in red indicates where Sitio Royalties's Financial Strength falls into.
Sitio Royalties Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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:
Sitio Royalties's Interest Expense for the
months ended in Dec. 2023 was $-21.7 Mil. Its Operating Income for the
months ended in Dec. 2023 was $68.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $870.7 Mil.
Sitio Royalties's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Sitio Royalties's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Sitio Royalties has a Z-score of 1.11, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.11 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
Sitio Royalties (Sitio Royalties) Business Description
Traded in Other Exchanges
Address
1401 Lawrence Street, Suite 1750, Denver, CO, USA, 80202
Sitio Royalties Corp is a pure-play mineral and royalty company. The group focuses on investing in mineral and royalty interests in the Permian and other productive U.S. oil basins.
Executives
| Christopher L. Conoscenti |
director, officer: Chief Executive Officer |
1144 15TH STREET, SUITE 2650, DENVER CO 80202 |
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| Bcp Vi/bep Holdings Manager L.l.c. |
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| Steven R Jones |
director |
1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
| Claire Harvey |
director |
510 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10022 |
| Bcp Vii/bep Ii Holdings Manager L.l.c. |
10 percent owner |
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| Morris R Clark |
director |
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| Bam Partners Trust |
director, 10 percent owner |
181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3 |
| Alice E Gould |
director |
C/O COREPOINT LODGING INC., 909 HIDDEN RIDGE, SUITE 600, IRVING TX 75038 |
| Michael J Downs |
officer: Chief Operating Officer |
1845 WALNUT STREET, SUITE 1111, PHILADELPHIA PA 19103 |
| Stephen J. Pilatzke |
officer: Chief Accounting Officer |
1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
| Bryan Gunderson |
director, officer: CEO and President |
510 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10022 |
Sitio Royalties (Sitio Royalties) Headlines
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