Kimbell Royalty Partners Balance Sheet Health
Financial Health criteria checks 4/6
Kimbell Royalty Partners has a total shareholder equity of $990.1M and total debt of $285.4M, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are $1.3B and $300.9M respectively. Kimbell Royalty Partners's EBIT is $112.3M making its interest coverage ratio 4.2. It has cash and short-term investments of $39.7M.
Key information
28.8%
Debt to equity ratio
US$285.36m
Debt
| Interest coverage ratio | 4.2x |
| Cash | US$39.68m |
| Equity | US$990.13m |
| Total liabilities | US$300.94m |
| Total assets | US$1.29b |
Recent financial health updates
No updates
Recent updates
Kimbell 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 28Kimbell Royalty Partners: Business-As-Usual During 2022, Albeit Very Profitable With A 10%+ Yield
Mar 13Kimbell Royalty Partners: A Look At Its Potential 2022 Results
Dec 31Kimbell Royalty Partners: Potential $0.45 Distribution For Q4 2021
Oct 30Kimbell Royalty Partners: May Have Nearly 20 Years Of Drilling Inventory
Jul 15Kimbell Royalty Partners, LP 2021 Q1 - Results - Earnings Call Presentation
May 10Financial Position Analysis
Short Term Liabilities: KRP's short term assets ($103.3M) exceed its short term liabilities ($12.2M).
Long Term Liabilities: KRP's short term assets ($103.3M) do not cover its long term liabilities ($288.8M).
Debt to Equity History and Analysis
Debt Level: KRP's net debt to equity ratio (24.8%) is considered satisfactory.
Reducing Debt: KRP's debt to equity ratio has increased from 10.7% to 28.8% over the past 5 years.
Debt Coverage: KRP's debt is well covered by operating cash flow (68.8%).
Interest Coverage: KRP's interest payments on its debt are well covered by EBIT (4.2x coverage).