Cross Timbers Royalty Trust (CRT) - Net Assets
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. Check Cross Timbers Royalty Trust liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore CRT current and non-current assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see CRT stock market capitalisation.
| 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 |
|---|---|
|
Auto Trader Group plc
LSE:AUTO
|
$50.83 Million |
|
Birla Cable Limited
NSE:BIRLACABLE
|
$50.84 Million |
|
Ozderici Gayrimenkul Yatirim Ortakligi AS
IS:OZGYO
|
$50.84 Million |
|
City Service SE
WAR:CTS
|
$50.89 Million |
|
Southport Acquisition Corp
NYSE:PORT
|
$50.81 Million |
|
Opticis Company Limited
KQ:109080
|
$50.81 Million |
|
Optipharm.CO.LTD
KQ:153710
|
$50.80 Million |
|
Advance Synergy Bhd
KLSE:1481
|
$50.80 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: 26.24x
- 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 1.15x to 26.24x 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 | $10.64 | x |
| 1993-12-31 | $8.66 | $10.64 | x |
| 1994-12-31 | $8.12 | $10.64 | x |
| 1995-12-31 | $7.52 | $10.64 | x |
| 1996-12-31 | $6.88 | $10.64 | x |
| 1997-12-31 | $6.35 | $10.64 | x |
| 1998-12-31 | $6.00 | $10.64 | x |
| 1999-12-31 | $5.50 | $10.64 | x |
| 2000-12-31 | $5.13 | $10.64 | x |
| 2001-12-31 | $4.82 | $10.64 | x |
| 2002-12-31 | $4.43 | $10.64 | x |
| 2003-12-31 | $4.11 | $10.64 | x |
| 2004-12-31 | $3.81 | $10.64 | x |
| 2005-12-31 | $3.53 | $10.64 | x |
| 2006-12-31 | $3.28 | $10.64 | x |
| 2007-12-31 | $3.06 | $10.64 | x |
| 2008-12-31 | $2.88 | $10.64 | x |
| 2009-12-31 | $2.70 | $10.64 | x |
| 2010-12-31 | $2.42 | $10.64 | x |
| 2011-12-31 | $2.24 | $10.64 | x |
| 2012-12-31 | $2.09 | $10.64 | x |
| 2013-12-31 | $1.97 | $10.64 | x |
| 2014-12-31 | $1.83 | $10.64 | x |
| 2015-12-31 | $1.76 | $10.64 | x |
| 2016-12-31 | $1.65 | $10.64 | x |
| 2017-12-31 | $1.55 | $10.64 | x |
| 2018-12-31 | $1.42 | $10.64 | x |
| 2019-12-31 | $1.36 | $10.64 | x |
| 2020-12-31 | $1.25 | $10.64 | x |
| 2021-12-31 | $0.54 | $10.64 | x |
| 2022-12-31 | $0.49 | $10.64 | x |
| 2023-12-31 | $0.45 | $10.64 | x |
| 2024-12-31 | $0.41 | $10.64 | 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: $1,781,913,730
- Average return on equity (ROE) among peers: -66.55%
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 |
| Amplify Energy Corp (AMPY) | $235.33 Million | -4.99% | 0.21x | $224.24 Million |
| AleAnna, Inc. Class A Common Stock (ANNA) | $1.22 Million | -424.63% | 26.72x | $105.31 Million |
| APA Corporation (APA) | $3.75 Billion | 18.99% | 0.99x | $9.63 Billion |
| Antero Resources Corp (AR) | $7.02 Billion | 26.67% | 1.01x | $10.72 Billion |
| Battalion Oil Corp (BATL) | $316.65 Million | -331.96% | 0.85x | $41.80 Million |
| BKV Corporation (BKV) | $1.20 Billion | 34.29% | 1.26x | $3.02 Billion |
| Barnwell Industries Inc (BRN) | $30.12 Million | -33.65% | 1.32x | $11.18 Million |
| Berry Petroleum Corp (BRY) | $334.21 Million | 33.62% | 0.90x | $253.00 Million |
| Black Stone Minerals LP (BSM) | $1.10 Billion | 19.54% | 0.41x | $2.88 Billion |
| Chord Energy Corp (CHRD) | $3.84 Billion | -3.34% | 0.95x | $5.96 Billion |
About 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