Kimbell Royalty Partners Balance Sheet Health
Financial Health criteria checks 4/6
Kimbell Royalty Partners has a total shareholder equity of $943.1M and total debt of $252.2M, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are $1.2B and $271.6M respectively. Kimbell Royalty Partners's EBIT is $127.2M making its interest coverage ratio 4.5. It has cash and short-term investments of $34.7M.
Key information
26.7%
Debt to equity ratio
US$252.16m
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$34.71m |
| Equity | US$943.06m |
| Total liabilities | US$271.61m |
| Total assets | US$1.21b |
Recent financial health updates
No updates
Recent updates
9% Yield At $70 WTI - The Power Of Kimbell Royalty Partners
Sep 23Kimbell Royalty Partners: The Case Of Sound 10%+ Yield Remains Intact
Aug 23Kimbell Royalty Partners: A De-Risked 11% Yielder To Buy
Jun 23High-Quality Energy Income - Unlocking Double-Digit Yields With Kimbell Royalty Partners
May 26Kimbell Royalty Partners: 2024 Production Guidance May Be Conservative
Apr 10Kimbell Royalty Partners: Looking At Projected Results And Distribution For 2024
Jan 13Kimbell Royalty Partners Is Worth Looking For The Right Entry Position
Dec 26Kimbell Royalty Partners: Closes LongPoint Acquisition And Issues $325 Million In Preferred Units
Oct 12Kimbell Royalty Partners: Yield May Reach 13% In 2024 With 75% Payout Ratio
Aug 03Kimbell Royalty Partners: Recent Acquisition Adds Nearly 20% To Distributable Cash Flow Per Unit
May 28Kimbell Royalty Partners Q4 2022 Earnings Preview
Feb 22Kimbell Royalty Partners: Weak Near-Term NG Prices Weigh On 2023 Projections
Feb 15Kimbell Royalty Partners: Bigger, But Not Better For Their Unitholders
Nov 09Kimbell Royalty Partners Q3 2022 Earnings Preview
Nov 02Kimbell Royalty Partners Should Deliver Quarterly Distributions Of Over $0.50 For A While
Sep 02Kimbell Royalty Partners Q2 2022 Earnings Preview
Aug 03Kimbell Royalty Partners Units Remain A Bargain Amid The Crude Oil Selloff
Jul 21Kimbell Royalty Partners: Estimated $2.80 Per Unit In Distributable Cash Flow For 2022 And 2023
May 28Financial Position Analysis
Short Term Liabilities: KRP's short term assets ($92.2M) exceed its short term liabilities ($17.7M).
Long Term Liabilities: KRP's short term assets ($92.2M) do not cover its long term liabilities ($253.9M).
Debt to Equity History and Analysis
Debt Level: KRP's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: KRP's debt to equity ratio has increased from 12.5% to 26.7% over the past 5 years.
Debt Coverage: KRP's debt is well covered by operating cash flow (100.6%).
Interest Coverage: KRP's interest payments on its debt are well covered by EBIT (4.5x coverage).