Mesa Royalty Trust (MTR) Balance Sheet
MTR balance sheet, 2025
December 31, 2025 · U.S. dollars$3.3M assets = $123,972 liabilities + $3.2M equity
Both columns are drawn to the same scale: what MTR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MTR financial health
Descriptive bands, not a rating. Fiscal 2025.
MTR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.0M2016 | $3.3M2025 | −2.3%/yr | |
| Total liabilities | $604,1122016 | $123,9722025 | −16.1%/yr | |
| Shareholders’ equity | $3.4M2016 | $3.2M2025 | −0.9%/yr | |
| Cash & short-term investments | $1.6M2016 | $2.1M2025 | +2.9%/yr | |
| Total debt | $02016 | $02025 | — | |
| Net cash (debt) | $1.6M2016 | $2.1M2025 | +$468,877 | |
| Working capital | $1.0M2016 | $1.9M2025 | +$949,017 | |
| Book value per share | $1.852016 | $1.702025 | −0.9%/yr | |
| Debt / equity | 0.002016 | 0.002025 | 0.00 | |
| Shares outstanding | 1.9M2016 | 1.9M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MTR assets
MTR liabilities and equity
MTR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MTR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.1M | $58,100 | $2.1M | $2.4M | $1.3M | $1.1M | $1.2M | $1.6M | $1.8M | $1.6M |
| Cash & equivalents | $2.1M | $58,100 | $2.1M | $2.4M | $1.3M | $1.1M | $977,212 | $1.6M | $1.8M | $1.6M |
| Short-term investments | — | — | −$1.7M | $2,356 | −$1.27B | — | $255,848 | $4 | $3 | — |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $1.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2.1M | $1.9M | $2.1M | $2.4M | $1.3M | $1.1M | $1.2M | $1.6M | $1.8M | $1.6M |
| Property, plant & equipment (net) | $1.2M | $1.3M | $1.3M | $1.4M | $1.5M | $1.5M | $1.6M | $1.8M | $2.0M | $2.4M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $1.5M | $0 | $0 | $2.0M | $2.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.8M | $2.0M | $2.4M |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $3.3M | $3.2M | $3.4M | $3.7M | $2.7M | $2.6M | $2.8M | $3.4M | $3.8M | $4.0M |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | $681,942 | $604,112 |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $123,972 | $58,101 | $366,559 | $1.1M | $241,979 | $0 | $255,848 | $566,518 | $681,942 | $604,112 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $1.1M | $241,979 | $0 | $255,848 | $0 | $0 | $0 |
| Total liabilities | $123,972 | $58,101 | $366,559 | $1.1M | $241,979 | $2.6M | $255,848 | $566,518 | $681,942 | $604,112 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3.2M | $3.1M | $3.0M | $2.7M | $2.5M | $2.6M | $2.6M | $2.8M | $3.1M | $3.4M |
| Retained earnings (deficit) | — | — | — | — | — | — | $2.6M | $2.8M | $3.1M | $3.4M |
| Accumulated other comprehensive income | — | — | — | — | — | — | $2.6M | −$40.7M | −$40.5M | −$40.1M |
| Total shareholders' equity | $3.2M | $3.1M | $3.0M | $2.7M | $2.5M | $2.6M | $2.6M | $2.8M | $3.1M | $3.4M |
| Key figures | ||||||||||
| Total debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net cash (debt) | $2.1M | $58,100 | $2.1M | $2.4M | $1.3M | $1.1M | $1.2M | $1.6M | $1.8M | $1.6M |
| Working capital | $1.9M | $1.9M | $1.7M | $1.3M | $1.0M | $1.1M | $977,212 | $1.0M | $1.1M | $1.0M |
| Tangible book value | $3.2M | $3.1M | $3.0M | $2.7M | $2.5M | $1.1M | $2.6M | $2.8M | $1.1M | $1.0M |
| Book value per share | $1.70 | $1.68 | $1.63 | $1.44 | $1.34 | $1.39 | $1.39 | $1.50 | $1.66 | $1.85 |
| Shares outstanding | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M |
| Current ratio | 16.72 | 33.22 | 5.72 | 2.23 | 5.24 | — | 4.82 | 2.83 | 2.64 | 2.66 |
| Quick ratio | 16.72 | 1.00 | 5.72 | 2.23 | 5.24 | — | 4.82 | 2.83 | 2.64 | 2.66 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 96.2% | 98.2% | 89.2% | 71.8% | 91.2% | 100.0% | 91.0% | 83.1% | 82.0% | 85.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.1M | $2.1M | $2.1M | $2.0M | $2.1M | $2.0M | $58,100 | $1.9M | $209,742 | $1.9M | — | $1.9M |
| Cash & equivalents | $2.1M | $2.1M | $2.1M | $2.0M | $2.1M | $2.0M | $58,100 | $1.9M | $209,742 | $1.9M | — | $264,292 |
| Short-term investments | — | — | — | — | — | — | — | — | $477,089 | $1.7M | — | $3.8M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $1.9M | $0 | $1.8M | $0 | $2.1M | $0 |
| Total current assets | $2.1M | $2.1M | $2.1M | $2.0M | $2.1M | $2.0M | $1.9M | $1.9M | $2.0M | $1.9M | $2.1M | $1.9M |
| Property, plant & equipment (net) | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M |
| Goodwill & intangible assets | $1.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 | $0 |
| Total assets | $3.3M | $3.3M | $3.3M | $3.2M | $3.3M | $3.2M | $3.2M | $3.2M | $3.3M | $3.2M | $3.4M | $3.2M |
| Liabilities | ||||||||||||
| Short-term debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Total current liabilities | $120,694 | $180,622 | $123,972 | $72,000 | $176,336 | $61,606 | $58,101 | $10,314 | $209,742 | $114,987 | $366,559 | $264,293 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $120,694 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $264,293 |
| Total liabilities | $120,694 | $180,622 | $123,972 | $72,000 | $176,336 | $61,606 | $58,101 | $10,314 | $209,742 | $114,987 | $366,559 | $264,293 |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $3.1M | $3.1M | $3.2M | $3.2M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $3.0M | — | $3.0M |
| Total shareholders' equity | $3.1M | $3.1M | $3.2M | $3.2M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $3.0M | $3.0M |
| Key figures | ||||||||||||
| Total debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Net cash (debt) | — | — | $2.1M | $2.0M | $2.1M | $2.0M | $58,100 | $1.9M | — | — | — | — |
| Working capital | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.8M | $1.8M | $1.7M | $1.6M |
| Tangible book value | $1.9M | $3.1M | $3.2M | $3.2M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $3.0M | $3.0M |
| Book value per share | $1.69 | $1.69 | $1.70 | $1.69 | $1.69 | $1.68 | $1.68 | $1.69 | $1.67 | $1.64 | $1.63 | $1.60 |
| Shares outstanding | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M |
| Current ratio | 17.12 | 11.72 | 16.72 | 27.77 | 11.84 | 31.70 | 33.22 | 182.09 | 9.69 | 16.33 | 5.72 | 7.22 |
| Quick ratio | 17.12 | 11.72 | 16.72 | 27.77 | 11.84 | 31.70 | 1.00 | 182.09 | 1.00 | 16.33 | 0.00 | 7.22 |
| Debt / equity | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — |
| Equity / assets | 96.3% | 94.6% | 96.2% | 97.8% | 94.7% | 98.1% | 98.2% | 99.7% | 93.7% | 96.4% | 89.2% | 91.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 30, 2026); data from EODHD.
MTR financial position
At the end of fiscal 2025 (December 31, 2025), Mesa Royalty had total assets of $3.3 million (up 3.1% from a year earlier), total liabilities of $0.1 million and shareholders' equity of $3.2 million. It held $2.1 million in cash and short-term investments against $0 of debt, a net cash position of $2.1 million. Its current ratio was 16.72. In the latest quarter (ended June 30, 2026) total assets were $3.3 million and equity $3.1 million.
Related: MTR income statement, MTR cash flow statement, MTR key metrics. See the MTR stock overview for the latest quote and news.
MTR balance sheet FAQ
What are Mesa Royalty's total assets?
Mesa Royalty reported total assets of $3.3 million at the end of fiscal 2025 (December 31, 2025), compared with $3.2 million a year earlier.
How much debt does Mesa Royalty have?
Mesa Royalty had $0 of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.00.
How much cash does Mesa Royalty have?
Mesa Royalty held $2.1 million in cash and short-term investments at the end of fiscal 2025; with $0 of debt that is net cash of $2.1 million.
What is Mesa Royalty's book value?
Mesa Royalty's shareholders' equity (book value) was $3.2 million at the end of fiscal 2025, or $1.70 per share.
What is Mesa Royalty's current ratio?
Mesa Royalty had current assets of $2.1 million and current liabilities of $0.1 million, a current ratio of 16.72 (it can cover its short-term obligations).