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Natural Resource Partners stock: balance sheet and debt

NRP
$124.29Closing price of 12 Nov 2026MEQIRI Score 79 out of 100

Natural Resource Partners has a debt to equity ratio of 0.05 and an interest coverage of 18.1x.

Daily figure as of 13 Nov 2026

Debt / Equity
0.05
Interest coverage
18.1x
Current ratio
1.85
Cash & equivalents
$30.14M
Total assets
$748.37M
Equity ratio
84.5%
Goodwill and intangible assets
$11.91M
not split out
Net debt
$2.94M

Total assets and equity ratio

How large the balance sheet of Natural Resource Partners L.P. is, how much of it is equity and how much is goodwill from acquisitions.

Equity ratio

Figures as a table
YearTotal assetsGoodwill and intangible assetsof which goodwillEquity ratioNet debt
2006$939.49Mnot reported separatelynot reported separately46.4%$397.79M
2007$1.32B$1.14Bnot split out56.4%$454.95M
2008$1.3B$102.83Mnot split out60.6%$406.13M
2009$1.52B$165.16Mnot split out55.1%$576.19M
2010$1.66B$1.44Bnot split out57.2%$597.08M
2011$1.67B$75.16Mnot split out46.6%$652.15M
2012$1.76B$70.77Mnot split out34.4%$834.85M
2013$1.99B$66.95Mnot split out30.5%$1.07B
2014$2.44B$112.75M$52.01M29.0%$1.43B
2015$1.68B$56.93Mnot split out4.5%$1.34B
2016$1.44B$53.05Mnot split out10.3%$1.09B
2017$1.39B$46.82Mnot split out14.1%$782.37M
2018$1.34B$42.51Mnot split out26.2%$570.92M
2019$1.09B$17.69Mnot split out46.1%$421.43M
2020$921.88M$17.46Mnot split out40.4%$371.71M
2021$953.82M$16.13Mnot split out46.1%$298.03M
2022$877.13M$14.71Mnot split out73.2%$132.69M
2023$797.88M$13.68Mnot split out72.5%$147.37M
2024$772.91M$12.92Mnot split out71.3%$111.62M
2025$748.37M$11.91Mnot split out84.5%$2.94M

The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt. In years without separate goodwill, the table shows the sum of goodwill and intangible assets, because the data do not list goodwill separately there.

Equity and debt

What the company owns and owes

  • Cash & equivalents
  • Equity
  • Debt
Figures as a table
YearCash & equivalentsEquityDebtDebt / Equity
2006$66.04M$435.69M$463.83M1.06
2007$58.34M$744.59M$513.29M0.69
2008$89.93M$788.34M$496.06M0.63
2009$82.63M$839.62M$658.82M0.78
2010$95.51M$946.04M$692.59M0.73
2011$214.92M$769.89M$867.07M1.12
2012$149.42M$605.02M$984.27M1.62
2013$92.51M$606.77M$1.17B1.92
2014$50.08M$709.02M$1.48B2.08
2015$41.2M$79.09M$1.38B18.3
2016$40.37M$152.31M$1.13B7.56
2017$26.98M$199.85M$809.35M4.12
2018$101.84M$355.11M$672.76M1.91
2019$98.27M$500.28M$519.7M1.04
2020$99.79M$372.4M$471.5M1.26
2021$135.52M$438.15M$433.55M0.99
2022$39.09M$636.07M$171.78M0.27
2023$11.99M$570.23M$159.36M0.28
2024$30.44M$541.56M$142.07M0.26
2025$30.14M$621.19M$33.08M0.05

Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Strong, published since 7 Nov 2026 (in the score history since 31 Jul 2022)
  • Valuation signal Undervalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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