Texas Pacific Land Trust (TPL) — Defensive Interval Ratio
Texas Pacific Land Trust (TPL) has a Defensive Interval Ratio of 3183 days as of September 2025. Defensive assets of $659.59 Million (cash $531.81 Million, short-term investments $-, receivables $127.79 Million) cover 3183 days of daily cash needs of $207.21K/day. Check how tangible is Texas Pacific Land Trust's equity to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Texas Pacific Land Trust Defensive Interval Ratio (1995–2024)
This chart shows how Texas Pacific Land Trust's Defensive Interval Ratio has evolved across 30 annual periods from 1995 to 2024. As of September 2025, the ratio stands at 3183 days, meaning defensive assets of $659.59 Million can fund 3183 days of operations without new revenue. Also explore net asset growth rate of Texas Pacific Land Trust to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Texas Pacific Land Trust (1995–2024)
The table below presents the year-by-year Defensive Interval Ratio for Texas Pacific Land Trust from 1995 to 2024, covering 30 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see TPL stock market capitalisation.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2024 | 3000 days | $496.50 Million | $165.48K/day | $369.83 Million | $- | ▼ -2426 days |
| 2023 | 5426 days | $937.55 Million | $172.78K/day | $725.17 Million | $83.42 Million | ▲ +1477 days |
| 2022 | 3950 days | $614.82 Million | $155.66K/day | $510.83 Million | $- | ▲ +1121 days |
| 2021 | 2829 days | $523.46 Million | $185.04K/day | $428.24 Million | $- | ▼ -3586 days |
| 2020 | 6415 days | $329.26 Million | $51.33K/day | $281.05 Million | $- | ▲ +945 days |
| 2019 | 5470 days | $366.64 Million | $67.02K/day | $303.64 Million | $- | ▲ +396 days |
| 2018 | 5075 days | $168.40 Million | $33.18K/day | $119.65 Million | $- | ▼ -104 days |
| 2017 | 5179 days | $97.78 Million | $18.88K/day | $79.58 Million | $0.00 | ▼ -1521 days |
| 2016 | 6700 days | $56.06 Million | $8.37K/day | $49.42 Million | $0.00 | ▲ +5842 days |
| 2015 | 858 days | $3.93 Million | $4.58K/day | $- | $0.00 | ▼ -226 days |
| 2014 | 1084 days | $4.14 Million | $3.82K/day | $- | $0.00 | ▼ -936 days |
| 2013 | 2020 days | $7.61 Million | $3.77K/day | $- | $0.00 | ▼ -816 days |
| 2012 | 2836 days | $11.07 Million | $3.90K/day | $- | $0.00 | ▲ +959 days |
| 2011 | 1877 days | $13.15 Million | $7.01K/day | $- | $0.00 | ▲ +1750 days |
| 2010 | 126 days | $2.16 Million | $17.13K/day | $- | $- | ▲ +35 days |
| 2009 | 91 days | $1.63 Million | $17.84K/day | $- | $- | ▼ -955 days |
| 2008 | 1046 days | $18.83 Million | $18.00K/day | $- | $- | ▲ +29 days |
| 2007 | 1017 days | $21.17 Million | $20.81K/day | $- | $- | ▼ -19954 days |
| 2006 | 20971 days | $21.96 Million | $1.05K/day | $- | $- | ▲ +7922 days |
| 2005 | 13049 days | $29.60 Million | $2.27K/day | $- | $9.40 Million | ▼ -5012 days |
| 2004 | 18061 days | $27.85 Million | $1.54K/day | $- | $5.60 Million | ▼ -154390 days |
| 2003 | 172451 days | $14.85 Million | $86.12/day | $- | $4.35 Million | ▼ -373029 days |
| 2002 | 545480 days | $15.12 Million | $27.73/day | $- | $3.20 Million | ▼ -128699 days |
| 2001 | 674179 days | $13.92 Million | $20.65/day | $- | $2.50 Million | ▲ +604004 days |
| 2000 | 70175 days | $9.94 Million | $141.67/day | $- | $1.35 Million | ▲ +24723 days |
| 1999 | 45452 days | $10.04 Million | $220.96/day | $- | $1.65 Million | ▲ +44507 days |
| 1998 | 945 days | $13.46 Million | $14.25K/day | $- | $2.45 Million | ▲ +44 days |
| 1997 | 901 days | $11.11 Million | $12.33K/day | $- | $1.80 Million | ▲ +220 days |
| 1996 | 681 days | $6.72 Million | $9.86K/day | $- | $1.65 Million | ▼ -17 days |
| 1995 | 698 days | $6.88 Million | $9.86K/day | $- | $2.95 Million | — |