Kimbell Historical Balance Sheet

KRP Stock

USD 16.18 0.18 1.12%

Trend analysis of Kimbell Royalty Partners balance sheet accounts such as Total Current Liabilities of 9.4 M provides information on Kimbell Royalty's total assets, liabilities, and equity, which is the actual value of Kimbell Royalty Partners to its prevalent stockholders. By breaking down trends over time using Kimbell Royalty balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Covid

Financial Statement Analysis is much more than just reviewing and examining Kimbell Royalty Partners latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Kimbell Royalty Partners is a good buy for the upcoming year.

Kimbell Royalty Inventory

(68.53 Billion)

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimbell Royalty Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

About Kimbell Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Kimbell Royalty Partners at a specified time, usually calculated after every quarter, six months, or one year. Kimbell Royalty Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kimbell Royalty and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Kimbell currently owns. An asset can also be divided into two categories, current and non-current.

Kimbell Royalty Balance Sheet Chart

At this time, Kimbell Royalty's Accounts Payable is relatively stable compared to the past year. As of 12/02/2024, Cash is likely to grow to about 32.5 M, while Liabilities And Stockholders Equity is likely to drop slightly above 245.2 M.

Short Long Term Debt Total Other Current Liab Total Current Liabilities Net Tangible Assets Common Stock Total Equity

Add Fundamental

Total Current Liabilities

Total Current Liabilities is an item on Kimbell Royalty balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Kimbell Royalty Partners are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Most accounts from Kimbell Royalty's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Kimbell Royalty Partners current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimbell Royalty Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	219.7M	235.3M	296.1M	149.9M
Total Assets	601.5M	1.1B	1.3B	1.4B

Short Long Term Debt Total Total Assets

Kimbell Royalty balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.88	0.49	0.6	0.92	0.45	0.97	0.99	0.92	0.78	0.99	1.0	-0.34	0.49	0.94	0.99	0.96	0.92	0.94	0.92	0.93	0.72	0.81	0.89	0.98	0.11
Short Long Term Debt Total	0.88		0.66	0.76	0.78	0.68	0.8	0.87	0.87	0.53	0.82	0.89	-0.35	0.68	0.87	0.82	0.85	0.81	0.88	0.78	0.88	0.89	0.57	0.86	0.83	0.22
Other Current Liab	0.49	0.66		0.98	0.56	0.64	0.49	0.44	0.7	0.12	0.39	0.49	-0.44	0.66	0.67	0.39	0.63	0.62	0.68	0.56	0.71	0.69	0.03	0.55	0.51	-0.2
Total Current Liabilities	0.6	0.76	0.98		0.66	0.63	0.59	0.56	0.79	0.27	0.5	0.6	-0.42	0.65	0.77	0.5	0.73	0.72	0.78	0.66	0.8	0.75	0.17	0.62	0.63	-0.2
Total Stockholder Equity	0.92	0.78	0.56	0.66		0.28	0.96	0.89	0.93	0.75	0.91	0.91	-0.41	0.32	0.94	0.91	0.95	0.95	0.93	1.0	0.93	0.61	0.71	0.82	0.94	-0.2
Other Liab	0.45	0.68	0.64	0.63	0.28		0.28	0.49	0.52	0.08	0.32	0.46	0.08	0.96	0.5	0.32	0.4	0.38	0.5	0.28	0.52	0.83	0.19	0.65	0.35	0.44
Net Tangible Assets	0.97	0.8	0.49	0.59	0.96	0.28		0.94	0.93	0.81	0.97	0.96	-0.41	0.35	0.95	0.97	0.97	0.95	0.94	0.96	0.93	0.64	0.79	0.83	0.98	-0.13
Property Plant And Equipment Net	0.99	0.87	0.44	0.56	0.89	0.49	0.94		0.91	0.81	0.98	0.99	-0.21	0.52	0.93	0.98	0.94	0.91	0.92	0.89	0.91	0.72	0.86	0.9	0.97	0.15
Net Debt	0.92	0.87	0.7	0.79	0.93	0.52	0.93	0.91		0.74	0.88	0.92	-0.32	0.59	1.0	0.88	0.97	0.97	1.0	0.93	1.0	0.8	0.7	0.83	0.95	-0.16
Accounts Payable	0.78	0.53	0.12	0.27	0.75	0.08	0.81	0.81	0.74		0.82	0.78	0.04	0.14	0.76	0.82	0.8	0.82	0.75	0.75	0.73	0.35	0.93	0.57	0.85	-0.12
Cash	0.99	0.82	0.39	0.5	0.91	0.32	0.97	0.98	0.88	0.82		0.99	-0.36	0.37	0.91	1.0	0.94	0.9	0.9	0.91	0.89	0.63	0.84	0.84	0.98	0.08
Non Current Assets Total	1.0	0.89	0.49	0.6	0.91	0.46	0.96	0.99	0.92	0.78	0.99		-0.34	0.49	0.94	0.99	0.96	0.92	0.93	0.91	0.93	0.73	0.81	0.89	0.98	0.12
Non Currrent Assets Other	-0.34	-0.35	-0.44	-0.42	-0.41	0.08	-0.41	-0.21	-0.32	0.04	-0.36	-0.34		0.05	-0.32	-0.36	-0.38	-0.3	-0.34	-0.41	-0.35	-0.21	0.17	-0.21	-0.33	0.15
Other Assets	0.49	0.68	0.66	0.65	0.32	0.96	0.35	0.52	0.59	0.14	0.37	0.49	0.05		0.57	0.37	0.45	0.44	0.57	0.32	0.58	0.89	0.24	0.67	0.41	0.27
Long Term Debt	0.94	0.87	0.67	0.77	0.94	0.5	0.95	0.93	1.0	0.76	0.91	0.94	-0.32	0.57		0.91	0.98	0.98	1.0	0.93	1.0	0.79	0.72	0.84	0.96	-0.14
Cash And Short Term Investments	0.99	0.82	0.39	0.5	0.91	0.32	0.97	0.98	0.88	0.82	1.0	0.99	-0.36	0.37	0.91		0.94	0.9	0.9	0.91	0.89	0.63	0.84	0.84	0.98	0.08
Net Receivables	0.96	0.85	0.63	0.73	0.95	0.4	0.97	0.94	0.97	0.8	0.94	0.96	-0.38	0.45	0.98	0.94		0.98	0.98	0.95	0.98	0.69	0.74	0.82	0.99	-0.11
Common Stock Shares Outstanding	0.92	0.81	0.62	0.72	0.95	0.38	0.95	0.91	0.97	0.82	0.9	0.92	-0.3	0.44	0.98	0.9	0.98		0.98	0.95	0.97	0.68	0.75	0.8	0.97	-0.22
Non Current Liabilities Total	0.94	0.88	0.68	0.78	0.93	0.5	0.94	0.92	1.0	0.75	0.9	0.93	-0.34	0.57	1.0	0.9	0.98	0.98		0.93	1.0	0.8	0.71	0.84	0.96	-0.14
Other Stockholder Equity	0.92	0.78	0.56	0.66	1.0	0.28	0.96	0.89	0.93	0.75	0.91	0.91	-0.41	0.32	0.93	0.91	0.95	0.95	0.93		0.93	0.61	0.71	0.82	0.94	-0.2
Total Liab	0.93	0.88	0.71	0.8	0.93	0.52	0.93	0.91	1.0	0.73	0.89	0.93	-0.35	0.58	1.0	0.89	0.98	0.97	1.0	0.93		0.8	0.69	0.84	0.95	-0.15
Deferred Long Term Liab	0.72	0.89	0.69	0.75	0.61	0.83	0.64	0.72	0.8	0.35	0.63	0.73	-0.21	0.89	0.79	0.63	0.69	0.68	0.8	0.61	0.8		0.42	0.8	0.66	0.13
Property Plant And Equipment Gross	0.81	0.57	0.03	0.17	0.71	0.19	0.79	0.86	0.7	0.93	0.84	0.81	0.17	0.24	0.72	0.84	0.74	0.75	0.71	0.71	0.69	0.42		0.66	0.82	0.07
Short Long Term Debt	0.89	0.86	0.55	0.62	0.82	0.65	0.83	0.9	0.83	0.57	0.84	0.89	-0.21	0.67	0.84	0.84	0.82	0.8	0.84	0.82	0.84	0.8	0.66		0.82	0.19
Total Current Assets	0.98	0.83	0.51	0.63	0.94	0.35	0.98	0.97	0.95	0.85	0.98	0.98	-0.33	0.41	0.96	0.98	0.99	0.97	0.96	0.94	0.95	0.66	0.82	0.82		-0.05
Short Term Debt	0.11	0.22	-0.2	-0.2	-0.2	0.44	-0.13	0.15	-0.16	-0.12	0.08	0.12	0.15	0.27	-0.14	0.08	-0.11	-0.22	-0.14	-0.2	-0.15	0.13	0.07	0.19	-0.05

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Kimbell Royalty Account Relationship Matchups

Kimbell Royalty balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	748.6M	564.6M	601.5M	1.1B	1.3B	1.4B
Short Long Term Debt Total	200.3M	174.4M	219.7M	235.3M	296.1M	149.9M
Other Current Liab	4.2M	7.9M	27.5M	17.6M	6.4M	7.6M
Total Current Liabilities	5.4M	8.8M	28.3M	18.8M	13.0M	9.4M
Total Stockholder Equity	283.8B	258.6B	329.6B	602.6B	671.6B	705.2B
Net Tangible Assets	283.8M	378.3M	329.6M	813.4M	935.4M	982.2M
Property Plant And Equipment Net	709.2M	526.1M	545.5M	756.7M	1.2B	1.3B
Net Debt	89.1M	164.6M	212.6M	210.6M	265.1M	278.3M
Accounts Payable	1.2M	889K	811.0K	1.2M	6.6M	6.9M
Cash	14.2M	9.8M	7.1M	24.6M	31.0M	32.5M
Non Current Assets Total	714.5M	536.3M	556.1M	1.0B	1.2B	1.3B
Non Currrent Assets Other	2.3M	5.1M	5.8M	(240.4B)	7.3M	7.7M
Other Assets	2.3M	5.1M	5.8M	1.2M	1.4M	2.4M
Long Term Debt	100.1M	171.6M	217.1M	233.0M	294.2M	308.9M
Cash And Short Term Investments	14.2M	9.8M	7.1M	24.6M	31.0M	32.5M
Net Receivables	19.2M	18.5M	38.2M	50.6M	60.7M	63.8M
Common Stock Shares Outstanding	21.2M	34.5M	61.0M	65.8M	93.1M	97.7M
Liabilities And Stockholders Equity	389.9M	263.3M	271.9M	474.1M	309.3M	245.2M
Non Current Liabilities Total	103.3M	177.6M	224.3M	244.6M	296.3M	311.2M
Other Stockholder Equity	283.5B	258.3B	329.3B	602.0B	670.6B	704.1B
Total Liab	108.7M	186.3M	252.6M	263.3M	309.3M	324.8M
Deferred Long Term Liab	2.2M	5.1M	4.2M	3.0M	3.5M	2.2M
Property Plant And Equipment Gross	709.2M	526.1M	1.9M	953.8K	2.1B	2.2B
Total Current Assets	34.1M	28.3M	45.4M	75.2M	103.1M	108.3M
Short Term Debt	100.1M	2.8M	486.0K	487.8K	488.7K	464.3K
Common Stock	283.8M	258.6M	329.6M	602.6M	671.6M	705.2M
Property Plant Equipment	709.2M	2.0M	545.5M	953.8K	1.1M	1.0M
Long Term Debt Total	100.1M	171.6M	217.1M	233.0M	268.0M	281.4M
Inventory	(19.9B)	(18.5B)	(38.4B)	(50.6B)	(72.1B)	(68.5B)
Other Current Assets	19.9B	18.5B	166.3K	50.6B	72.1B	75.8B
Cash And Equivalents	14.2M	9.8M	7.1M	24.6M	28.3M	29.7M
Net Invested Capital	458.9M	472.8M	546.7M	835.6M	1.3B	681.8M

Pair Trading with Kimbell Royalty

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kimbell Royalty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kimbell Royalty will appreciate offsetting losses from the drop in the long position's value.

Moving together with Kimbell Stock

0.72	AR	Antero Resources Corp Potential Growth	Pair Corr
0.66	EP	Empire Petroleum Corp	Pair Corr
0.77	PR	Permian Resources	Pair Corr
0.7	SM	SM Energy	Pair Corr

Moving against Kimbell Stock

0.53	BRN	Barnwell Industries	Pair Corr
0.48	BRY	Berry Petroleum Corp	Pair Corr
0.32	CKX	CKX Lands	Pair Corr

The ability to find closely correlated positions to Kimbell Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kimbell Royalty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kimbell Royalty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kimbell Royalty Partners to buy it.

The correlation of Kimbell Royalty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kimbell Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kimbell Royalty Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Kimbell Royalty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Kimbell Stock Analysis

When running Kimbell Royalty's price analysis, check to measure Kimbell Royalty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kimbell Royalty is operating at the current time. Most of Kimbell Royalty's value examination focuses on studying past and present price action to predict the probability of Kimbell Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kimbell Royalty's price. Additionally, you may evaluate how the addition of Kimbell Royalty to your portfolios can decrease your overall portfolio volatility.

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Kimbell Historical Balance Sheet

Kimbell Royalty Inventory

(68.53 Billion)

About Kimbell Balance Sheet Analysis

Kimbell Royalty Balance Sheet Chart

Total Current Liabilities

Net Tangible Assets

Common Stock Total Equity

Kimbell Royalty balance sheet Correlations

Kimbell Royalty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kimbell Royalty balance sheet Accounts

Pair Trading with Kimbell Royalty

Moving together with Kimbell Stock

Moving against Kimbell Stock

Additional Tools for Kimbell Stock Analysis

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Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Long Term Debt	+ 1.0	Net Debt
Non Current Liabilities Total	+ 1.0	Net Debt
Total Liab	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash

Non Currrent Assets Other	- 0.44	Other Current Liab
Non Currrent Assets Other	- 0.42	Total Current Liabilities
Other Stockholder Equity	- 0.41	Non Currrent Assets Other
Non Currrent Assets Other	- 0.41	Net Tangible Assets
Non Currrent Assets Other	- 0.41	Total Stockholder Equity
Net Receivables	- 0.38	Non Currrent Assets Other