Cross Timbers Royalty Trust
Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma. The company was founded in 1991 and is headquartered in Dalla… Read more
Cross Timbers Royalty Trust (CRT) - Net Assets
Latest net assets as of September 2025: $2.23 Million USD
Based on the latest financial reports, Cross Timbers Royalty Trust (CRT) has net assets worth $2.23 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.72 Million) and total liabilities ($1.49 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.23 Million |
| % of Total Assets | 59.97% |
| Annual Growth Rate | -9.29% |
| 5-Year Change | -67.65% |
| 10-Year Change | -76.92% |
| Growth Volatility | 8.72 |
Cross Timbers Royalty Trust - Net Assets Trend (1992–2024)
This chart illustrates how Cross Timbers Royalty Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cross Timbers Royalty Trust (1992–2024)
The table below shows the annual net assets of Cross Timbers Royalty Trust from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.43 Million | -8.92% |
| 2023-12-31 | $2.67 Million | -9.80% |
| 2022-12-31 | $2.96 Million | -9.32% |
| 2021-12-31 | $3.27 Million | -56.58% |
| 2020-12-31 | $7.52 Million | -7.83% |
| 2019-12-31 | $8.16 Million | -4.28% |
| 2018-12-31 | $8.53 Million | -8.43% |
| 2017-12-31 | $9.31 Million | -5.98% |
| 2016-12-31 | $9.90 Million | -6.06% |
| 2015-12-31 | $10.54 Million | -4.11% |
| 2014-12-31 | $10.99 Million | -6.76% |
| 2013-12-31 | $11.79 Million | -5.91% |
| 2012-12-31 | $12.53 Million | -6.58% |
| 2011-12-31 | $13.42 Million | -7.61% |
| 2010-12-31 | $14.52 Million | -10.30% |
| 2009-12-31 | $16.19 Million | -6.18% |
| 2008-12-31 | $17.26 Million | -6.16% |
| 2007-12-31 | $18.39 Million | -6.56% |
| 2006-12-31 | $19.68 Million | -7.19% |
| 2005-12-31 | $21.20 Million | -7.19% |
| 2004-12-31 | $22.85 Million | -7.37% |
| 2003-12-31 | $24.67 Million | -7.12% |
| 2002-12-31 | $26.56 Million | -8.09% |
| 2001-12-31 | $28.90 Million | -6.05% |
| 2000-12-31 | $30.76 Million | -6.82% |
| 1999-12-31 | $33.01 Million | -8.38% |
| 1998-12-31 | $36.02 Million | -5.46% |
| 1997-12-31 | $38.10 Million | -7.74% |
| 1996-12-31 | $41.30 Million | -8.43% |
| 1995-12-31 | $45.10 Million | -7.39% |
| 1994-12-31 | $48.70 Million | -6.53% |
| 1993-12-31 | $52.10 Million | -5.62% |
| 1992-12-31 | $55.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cross Timbers Royalty Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.43 Million | 100.00% |
| Total Equity | $2.43 Million | 100.00% |
Cross Timbers Royalty Trust Competitors by Market Cap
The table below lists competitors of Cross Timbers Royalty Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Meta Biomed Co. Ltd
KQ:059210
|
$50.83 Million |
|
Etoiles Capital Group Co., Ltd. Class A Ordinary Shares
NASDAQ:EFTY
|
$50.84 Million |
|
Ellaktor S.A
AT:ELLAKTOR
|
$50.84 Million |
|
Reach Subsea
OL:REACH
|
$50.85 Million |
|
Lanvin Group Holdings Limited
NYSE:LANV
|
$50.81 Million |
|
A W FOOD SERVICES OF CANADA INC
TO:AW
|
$50.76 Million |
|
MARX Biotech Co., Ltd.
TWO:7731
|
$50.74 Million |
|
Hushan Autoparts Inc.
TW:7736
|
$50.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cross Timbers Royalty Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,671,583 to 2,433,344, a change of -238,239 (-8.9%).
- Net income of 5,677,818 contributed positively to equity growth.
- Dividend payments of 5,677,820 reduced retained earnings.
- Other factors decreased equity by 238,237.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.68 Million | +233.33% |
| Dividends Paid | $5.68 Million | -233.33% |
| Other Changes | $-238.24K | -9.79% |
| Total Change | $- | -8.92% |
Book Value vs Market Value Analysis
This analysis compares Cross Timbers Royalty Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 24.02x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.06x to 24.02x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | $9.23 | $9.74 | x |
| 1993-12-31 | $8.66 | $9.74 | x |
| 1994-12-31 | $8.12 | $9.74 | x |
| 1995-12-31 | $7.52 | $9.74 | x |
| 1996-12-31 | $6.88 | $9.74 | x |
| 1997-12-31 | $6.35 | $9.74 | x |
| 1998-12-31 | $6.00 | $9.74 | x |
| 1999-12-31 | $5.50 | $9.74 | x |
| 2000-12-31 | $5.13 | $9.74 | x |
| 2001-12-31 | $4.82 | $9.74 | x |
| 2002-12-31 | $4.43 | $9.74 | x |
| 2003-12-31 | $4.11 | $9.74 | x |
| 2004-12-31 | $3.81 | $9.74 | x |
| 2005-12-31 | $3.53 | $9.74 | x |
| 2006-12-31 | $3.28 | $9.74 | x |
| 2007-12-31 | $3.06 | $9.74 | x |
| 2008-12-31 | $2.88 | $9.74 | x |
| 2009-12-31 | $2.70 | $9.74 | x |
| 2010-12-31 | $2.42 | $9.74 | x |
| 2011-12-31 | $2.24 | $9.74 | x |
| 2012-12-31 | $2.09 | $9.74 | x |
| 2013-12-31 | $1.97 | $9.74 | x |
| 2014-12-31 | $1.83 | $9.74 | x |
| 2015-12-31 | $1.76 | $9.74 | x |
| 2016-12-31 | $1.65 | $9.74 | x |
| 2017-12-31 | $1.55 | $9.74 | x |
| 2018-12-31 | $1.42 | $9.74 | x |
| 2019-12-31 | $1.36 | $9.74 | x |
| 2020-12-31 | $1.25 | $9.74 | x |
| 2021-12-31 | $0.54 | $9.74 | x |
| 2022-12-31 | $0.49 | $9.74 | x |
| 2023-12-31 | $0.45 | $9.74 | x |
| 2024-12-31 | $0.41 | $9.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cross Timbers Royalty Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 233.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 86.51%
- • Asset Turnover: 1.72x
- • Equity Multiplier: 1.56x
- Recent ROE (233.33%) is above the historical average (99.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 13.22% | 98.65% | 0.13x | 1.01x | $1.78 Million |
| 1993 | 14.78% | 97.47% | 0.15x | 1.01x | $2.49 Million |
| 1994 | 13.76% | 97.10% | 0.14x | 1.02x | $1.83 Million |
| 1995 | 12.42% | 98.25% | 0.13x | 1.01x | $1.09 Million |
| 1996 | 19.61% | 97.59% | 0.19x | 1.03x | $3.97 Million |
| 1997 | 27.31% | 98.50% | 0.27x | 1.02x | $6.60 Million |
| 1998 | 19.23% | 97.70% | 0.19x | 1.01x | $3.32 Million |
| 1999 | 19.84% | 97.72% | 0.20x | 1.03x | $3.25 Million |
| 2000 | 37.40% | 98.41% | 0.37x | 1.03x | $8.43 Million |
| 2001 | 49.18% | 98.62% | 0.48x | 1.03x | $11.32 Million |
| 2002 | 33.22% | 97.44% | 0.33x | 1.05x | $6.17 Million |
| 2003 | 51.44% | 97.99% | 0.50x | 1.04x | $10.22 Million |
| 2004 | 65.32% | 98.00% | 0.63x | 1.06x | $12.64 Million |
| 2005 | 95.58% | 98.24% | 0.88x | 1.10x | $18.15 Million |
| 2006 | 129.31% | 98.76% | 1.19x | 1.10x | $23.48 Million |
| 2007 | 107.71% | 97.91% | 1.00x | 1.10x | $17.97 Million |
| 2008 | 179.32% | 98.76% | 1.67x | 1.09x | $29.22 Million |
| 2009 | 69.90% | 96.37% | 0.68x | 1.07x | $9.70 Million |
| 2010 | 115.18% | 97.57% | 1.08x | 1.10x | $15.27 Million |
| 2011 | 133.85% | 97.69% | 1.26x | 1.09x | $16.61 Million |
| 2012 | 118.81% | 97.42% | 1.10x | 1.10x | $13.64 Million |
| 2013 | 117.77% | 97.18% | 1.10x | 1.10x | $12.71 Million |
| 2014 | 145.03% | 96.94% | 1.34x | 1.12x | $14.85 Million |
| 2015 | 77.11% | 91.49% | 0.77x | 1.09x | $7.07 Million |
| 2016 | 64.27% | 84.39% | 0.66x | 1.16x | $5.37 Million |
| 2017 | 65.02% | 91.43% | 0.61x | 1.16x | $5.12 Million |
| 2018 | 100.38% | 93.70% | 0.90x | 1.19x | $7.71 Million |
| 2019 | 64.41% | 88.58% | 0.61x | 1.18x | $4.44 Million |
| 2020 | 62.14% | 88.06% | 0.60x | 1.18x | $3.92 Million |
| 2021 | 204.30% | 89.71% | 1.46x | 1.56x | $6.35 Million |
| 2022 | 396.47% | 93.99% | 2.57x | 1.64x | $11.45 Million |
| 2023 | 432.25% | 93.40% | 2.73x | 1.70x | $11.28 Million |
| 2024 | 233.33% | 86.51% | 1.72x | 1.56x | $5.43 Million |
Industry Comparison
This section compares Cross Timbers Royalty Trust's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cross Timbers Royalty Trust (CRT) | $2.23 Million | 13.22% | 0.67x | $50.82 Million |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |