Permian Basin Royalty Trust (PBT) — Defensive Interval Ratio
Permian Basin Royalty Trust (PBT) has a Defensive Interval Ratio of 1018 days as of December 2025. Defensive assets of $1.72 Million (cash $1.72 Million, short-term investments $-, receivables $-) cover 1018 days of daily cash needs of $1.69K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Permian Basin Royalty Trust Defensive Interval Ratio (2016–2025)
This chart shows how Permian Basin Royalty Trust's Defensive Interval Ratio has evolved across 10 annual periods from 2016 to 2025. As of December 2025, the ratio stands at 1018 days, meaning defensive assets of $1.72 Million can fund 1018 days of operations without new revenue. For the complete balance sheet picture, see balance sheet size of Permian Basin Royalty Trust.
Annual Defensive Interval Ratio for Permian Basin Royalty Trust (2016–2025)
The table below presents the year-by-year Defensive Interval Ratio for Permian Basin Royalty Trust from 2016 to 2025, covering 10 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See working capital position of Permian Basin Royalty Trust to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 1018 days | $1.72 Million | $1.69K/day | $1.72 Million | $- | ▲ +757135 days |
| 2024 | -756117 days | $-2.12 Billion | $2.80K/day | $2.12 Million | $-2.12 Billion | ▼ -310920 days |
| 2023 | -445197 days | $-6.04 Billion | $13.57K/day | $6.05 Million | $-6.05 Billion | ▼ -445791 days |
| 2022 | 594 days | $2.86 Million | $4.81K/day | $2.86 Million | $2.86 | ▲ +713743 days |
| 2021 | -713149 days | $-2.24 Billion | $3.15K/day | $2.25 Million | $-2.25 Billion | ▲ +291776 days |
| 2020 | -1004925 days | $-1.72 Billion | $1.71K/day | $1.73 Million | $-1.72 Billion | ▼ -429638 days |
| 2019 | -575287 days | $-2.86 Billion | $4.97K/day | $2.86 Million | $-2.86 Billion | ▼ -575876 days |
| 2018 | 589 days | $3.99 Million | $6.79K/day | $3.53 Million | $- | ▲ +62 days |
| 2017 | 527 days | $3.42 Million | $6.50K/day | $3.42 Million | $- | ▲ +22 days |
| 2016 | 505 days | $3.80 Million | $7.52K/day | $3.80 Million | $- | — |