Sabine Royalty Trust (SBR) Balance Sheet
SBR balance sheet, 2025
December 31, 2025 · U.S. dollars$7.6M assets = $796,286 liabilities + $6.8M equity
Both columns are drawn to the same scale: what SBR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SBR financial health
Descriptive bands, not a rating. Fiscal 2025.
SBR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.2M2016 | $7.6M2025 | +4.3%/yr | |
| Total liabilities | $811,1482016 | $796,2862025 | −0.2%/yr | |
| Shareholders’ equity | $4.4M2016 | $6.8M2025 | +5.0%/yr | |
| Cash & short-term investments | $5.0M2016 | $7.6M2025 | +4.8%/yr | |
| Total debt | $02016 | $02025 | — | |
| Net cash (debt) | $5.0M2016 | $7.6M2025 | +$2.6M | |
| Working capital | $4.2M2016 | $7.3M2025 | +$3.1M | |
| Book value per share | $0.302016 | $0.472025 | +5.0%/yr | |
| Debt / equity | 0.002016 | 0.002025 | 0.00 | |
| Shares outstanding | 14.6M2016 | 14.6M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SBR assets
SBR liabilities and equity
SBR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SBR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $7.6M | $9.2M | $9.3M | $16.2M | $16.2M | $4.8M | $6.7M | $9.3M | $5.1M | $5.0M |
| Cash & equivalents | $7.6M | $9.2M | $9.3M | $16.2M | $16.2M | $4.8M | $6.7M | $9.3M | $5.1M | $5.0M |
| Short-term investments | — | — | −$9.33B | $16.2M | −$16.17B | −$4.79B | $3 | $4 | $1 | −$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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $7.6M | $9.2M | $9.3M | $16.2M | $16.2M | $4.8M | $6.7M | $9.3M | $5.1M | $5.0M |
| Property, plant & equipment (net) | $69,608 | $80,619 | $95,402 | $112,492 | $136,610 | $160,728 | $185,965 | $213,888 | $244,605 | $273,290 |
| Goodwill & intangible assets | $69,610 | $80,620 | $95,400 | $112,490 | $136,610 | $160,730 | $185,970 | $213,890 | $244,610 | $273,290 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $185,965 | $213,888 | $244,605 | $273,290 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $7.6M | $9.3M | $9.4M | $16.3M | $16.3M | $5.0M | $6.9M | $9.5M | $5.3M | $5.2M |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | $735,882 | $811,148 |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $289,128 | $311,784 | $508,488 | $210,757 | $246,150 | $202,805 | $1.3M | $3.8M | $735,882 | $811,148 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $507,158 | $231,645 | $370,431 | $4.7M | $1.2M | $763,154 | $1.3M | $0 | $735,882 | $811,148 |
| Total liabilities | $796,286 | $543,429 | $878,919 | $4.9M | $1.4M | $965,959 | $1.3M | $3.8M | $735,882 | $811,148 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $6.8M | $8.7M | $8.6M | $11.4M | $14.9M | $4.0M | $5.6M | $5.7M | $4.6M | $4.4M |
| Accumulated other comprehensive income | — | — | — | — | — | — | −$22.2M | −$22.2M | −$22.2M | −$22.1M |
| Total shareholders' equity | $6.8M | $8.7M | $8.6M | $11.4M | $14.9M | $4.0M | $5.6M | $5.7M | $4.6M | $4.4M |
| Key figures | ||||||||||
| Total debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net cash (debt) | $7.6M | $9.2M | $9.3M | $16.2M | $16.2M | $4.8M | $6.7M | $9.3M | $5.1M | $5.0M |
| Working capital | $7.3M | $8.9M | $8.8M | $16.0M | $15.9M | $4.6M | $5.5M | $5.5M | $4.3M | $4.2M |
| Tangible book value | $6.8M | $8.6M | $8.5M | $11.3M | $14.8M | $3.8M | $5.5M | $5.5M | $4.3M | $4.2M |
| Book value per share | $0.47 | $0.60 | $0.59 | $0.78 | $1.02 | $0.27 | $0.39 | $0.39 | $0.32 | $0.30 |
| Shares outstanding | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M |
| Current ratio | 26.20 | 29.41 | 18.37 | 76.73 | 65.76 | 23.63 | 5.32 | 2.44 | 6.91 | 6.12 |
| Quick ratio | 26.20 | 29.41 | 18.37 | 76.73 | 65.76 | 23.63 | 5.32 | 2.44 | 6.91 | 6.12 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 89.6% | 94.1% | 90.7% | 70.1% | 91.3% | 80.5% | 81.7% | 59.9% | 86.2% | 84.5% |
| 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 | $9.7M | $8.3M | $7.6M | $8.2M | $7.9M | $9.9M | $9.2M | $8.7M | $8.4M | $10.7M | $9.3M | $9.6M |
| Cash & equivalents | $9.7M | $8.3M | $7.6M | $8.2M | $7.9M | $9.9M | $9.2M | $8.7M | $8.4M | $10.7M | $9.3M | $9.6M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | −$9.33B | — |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $9.7M | $8.3M | $7.6M | $8.2M | $7.9M | $9.9M | $9.2M | $8.7M | $8.4M | $10.7M | $9.3M | $9.6M |
| Property, plant & equipment (net) | $64,982 | $67,417 | $69,608 | $70,796 | $74,351 | $77,082 | $80,619 | $79,922 | $85,067 | $90,343 | $95,402 | $96,450 |
| Goodwill & intangible assets | $0 | $0 | $69,610 | $70,800 | $74,350 | $77,080 | $80,620 | $79,920 | $0 | $0 | $0 | $96,450 |
| 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 | $0 | $0 | $0 | $0 |
| Total assets | $9.7M | $8.3M | $7.6M | $8.3M | $8.0M | $10.0M | $9.3M | $8.7M | $8.4M | $10.7M | $9.4M | $9.7M |
| Liabilities | ||||||||||||
| Short-term debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | $0 |
| Total current liabilities | $306,884 | $369,804 | $289,128 | $330,081 | $250,620 | $322,361 | $311,784 | $215,830 | $207,851 | $465,520 | $508,488 | $295,161 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1.0M | $1.1M | $507,158 | $422,741 | $505,365 | $118,767 | $231,645 | $6,183 | $538,607 | $296,619 | $370,431 | $3.2M |
| Total liabilities | $1.3M | $1.4M | $796,286 | $752,822 | $755,985 | $441,128 | $543,429 | $222,013 | $746,458 | $762,139 | $878,919 | $3.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $8.4M | $6.9M | $6.8M | $7.5M | $7.2M | $9.5M | $8.7M | $8.5M | $7.7M | $10.0M | $8.6M | $6.2M |
| Total shareholders' equity | $8.4M | $6.9M | $6.8M | $7.5M | $7.2M | $9.5M | $8.7M | $8.5M | $7.7M | $10.0M | $8.6M | $6.2M |
| Key figures | ||||||||||||
| Total debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | $0 |
| Net cash (debt) | — | — | $7.6M | $8.2M | $7.9M | $9.9M | $9.2M | $8.7M | — | — | — | $9.6M |
| Working capital | $9.4M | $7.9M | $7.3M | $7.9M | $7.6M | $9.6M | $8.9M | $8.5M | $8.2M | $10.2M | $8.8M | $9.4M |
| Tangible book value | $8.4M | $6.9M | $6.8M | $7.5M | $7.1M | $9.4M | $8.6M | $8.4M | $7.7M | $10.0M | $8.6M | $6.2M |
| Book value per share | $0.58 | $0.47 | $0.47 | $0.52 | $0.49 | $0.65 | $0.60 | $0.58 | $0.53 | $0.69 | $0.59 | $0.43 |
| Shares outstanding | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M |
| Current ratio | 31.55 | 22.32 | 26.20 | 24.91 | 31.48 | 30.64 | 29.41 | 40.15 | 40.23 | 22.90 | 18.37 | 32.69 |
| Quick ratio | 31.55 | 22.32 | 26.20 | 24.91 | 31.48 | 30.64 | 29.41 | 40.15 | 40.23 | 22.90 | 18.37 | 32.69 |
| Debt / equity | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 0.00 |
| Equity / assets | 86.3% | 82.9% | 89.6% | 90.9% | 90.5% | 95.6% | 94.1% | 97.5% | 91.2% | 92.9% | 90.7% | 64.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
SBR financial position
At the end of fiscal 2025 (December 31, 2025), Sabine Royalty had total assets of $7.6 million (down 17.4% from a year earlier), total liabilities of $0.8 million and shareholders' equity of $6.8 million. It held $7.6 million in cash and short-term investments against $0 of debt, a net cash position of $7.6 million. Its current ratio was 26.20. In the latest quarter (ended June 30, 2026) total assets were $9.7 million and equity $8.4 million.
Related: SBR income statement, SBR cash flow statement, SBR key metrics. See the SBR stock overview for the latest quote and news.
SBR balance sheet FAQ
What are Sabine Royalty's total assets?
Sabine Royalty reported total assets of $7.6 million at the end of fiscal 2025 (December 31, 2025), compared with $9.3 million a year earlier.
How much debt does Sabine Royalty have?
Sabine 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 Sabine Royalty have?
Sabine Royalty held $7.6 million in cash and short-term investments at the end of fiscal 2025; with $0 of debt that is net cash of $7.6 million.
What is Sabine Royalty's book value?
Sabine Royalty's shareholders' equity (book value) was $6.8 million at the end of fiscal 2025, or $0.47 per share.
What is Sabine Royalty's current ratio?
Sabine Royalty had current assets of $7.6 million and current liabilities of $0.3 million, a current ratio of 26.20 (it can cover its short-term obligations).
How much goodwill does Sabine Royalty have?
Sabine Royalty carried $0.1 million of goodwill and intangible assets, 0.9% of total assets, at the end of fiscal 2025.