Kimbell Total Assets vs Cash Analysis

KRP Stock

USD 16.79 0.03 0.18%

Kimbell Royalty financial indicator trend analysis is infinitely more than just investigating Kimbell Royalty Partners recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kimbell Royalty Partners is a good investment. Please check the relationship between Kimbell Royalty Total Assets and its Cash accounts. 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.

Total Assets vs Cash

Total Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kimbell Royalty Partners Total Assets account and Cash. At this time, the significance of the direction appears to have totally related.

The correlation between Kimbell Royalty's Total Assets and Cash is 0.99. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Kimbell Royalty Partners, assuming nothing else is changed. The correlation between historical values of Kimbell Royalty's Total Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Kimbell Royalty Partners are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Assets i.e., Kimbell Royalty's Total Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Assets

Total assets refers to the total amount of Kimbell Royalty assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Kimbell Royalty Partners books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Cash

Cash refers to the most liquid asset of Kimbell Royalty Partners, which is listed under current asset account on Kimbell Royalty Partners balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Kimbell Royalty customers. The amounts must be unrestricted with restricted cash listed in a different Kimbell Royalty account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Kimbell Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.

At this time, Kimbell Royalty's Tax Provision is relatively stable compared to the past year. As of 06/09/2024, Issuance Of Capital Stock is likely to grow to about 568.5 M, while Enterprise Value Over EBITDA is likely to drop 5.81.

	2021	2022	2023	2024 (projected)
Interest Expense	9.2M	13.8M	26.0M	27.2M
Depreciation And Amortization	45.2M	47.4M	96.8M	101.7M

Interest Expense Depreciation And Amortization

Kimbell Royalty fundamental ratios 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		0.94	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	0.94		0.67	0.77	0.94	0.5	0.95	0.93	1.0	0.76	0.91	0.94	-0.32	0.57	1.0	0.91	0.98	0.98	1.0	0.93	1.0	0.79	0.72	0.84	0.96	-0.13
Other Current Liab	0.49	0.67		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	0.77	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	0.94	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	0.5	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	0.95	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	0.93	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	1.0	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	0.76	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	0.91	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	0.94	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	-0.32	-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	0.57	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	1.0	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	0.91	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	0.98	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	0.98	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	1.0	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	0.93	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	1.0	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	0.79	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	0.72	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	0.84	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	0.96	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	-0.13	-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 fundamental ratios 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	103.3M	174.4M	219.7M	235.3M	296.1M	310.9M
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	811K	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	38.4B	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

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Kimbell Total Assets vs Cash Analysis

Total Assets vs Cash

Total Assets vs Cash Correlation Analysis

Correlation Coefficient

Total Assets

Cash

Kimbell Royalty fundamental ratios Correlations

Kimbell Royalty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kimbell Royalty fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Kimbell Stock Analysis

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

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