Plains All American Pipeline LP (Plains All American Pipeline LP) Cash-to-Debt : 0.06 (As of Dec. 2023)

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What is Plains All American Pipeline LP Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Plains All American Pipeline LP's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.06.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Plains All American Pipeline LP couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Plains All American Pipeline LP's Cash-to-Debt or its related term are showing as below:

PAA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.06
Current: 0.06

During the past 13 years, Plains All American Pipeline LP's highest Cash to Debt Ratio was 0.06. The lowest was 0.00. And the median was 0.01.

PAA's Cash-to-Debt is ranked worse than
86.23% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.505 vs PAA: 0.06

Plains All American Pipeline LP Cash-to-Debt Historical Data

The historical data trend for Plains All American Pipeline LP's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Plains All American Pipeline LP Cash-to-Debt Chart

Plains All American Pipeline LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.06

Plains All American Pipeline LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.06	0.11	0.03	0.06

Competitive Comparison of Plains All American Pipeline LP's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Plains All American Pipeline LP's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Plains All American Pipeline LP's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Plains All American Pipeline LP's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Plains All American Pipeline LP's Cash-to-Debt falls into.

Plains All American Pipeline LP Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Plains All American Pipeline LP's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	450	/	(446	+	7579)
	=	0.06

Plains All American Pipeline LP's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	450	/	(446	+	7579)
	=	0.06

Plains All American Pipeline LP (NAS:PAA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Plains All American Pipeline LP Cash-to-Debt Related Terms

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Plains All American Pipeline LP (Plains All American Pipeline LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plains All American Pipeline LP (NAS:PAA) » Definitions » Cash-to-Debt

Comparable Companies

WES AM ENLC DTM ETRN FRO STNG PAGP VNOM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

N/A

Address

333 Clay Street, Suite 1600, Houston, TX, USA, 77002

Website

https://www.plainsallamerican.com

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

Executives

Jeremy L. Goebel	officer: EVP & CCO	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Ellen Desanctis	director	12326 OLD OAKS, HOUSTON TX 77024
Willie Cw Chiang	director, officer: Chairman & CEO	370 17TH STREET, SUITE 2775, DENVER CO 80202
Chris Herbold	officer: Sr. VP Finance and CAO	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Richard K. Mcgee	officer: EVP, General Counsel & Sec.	333 CLAY STREET, SUITE 1500, HOUSTON TX 77002
Al Swanson	officer: EVP & CFO	333 CLAY STREET, # 1600, HOUSTON TX 77002
Kevin S Mccarthy	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Chris R. Chandler	officer: EVP & COO	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Harry N Pefanis	director, officer: President	333 CLAY STREET, STE 1600, HOUSTON TX 77002
Plains Gp Holdings Lp	director, 10 percent owner	333 CLAY ST, SUITE 1600, HOUSTON TX 77002
Paa Gp Holdings Llc	director, 10 percent owner	333 CLAY ST, SUITE 1600, HOUSTON TX 77002
Plains All American Gp Llc	director, 10 percent owner	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Plains Aap, L.p.	director, 10 percent owner	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Chris Temple	director	3953 MAPLE AVENUE, SUITE 180, DALLAS TX 75219
Kayne Anderson Capital Advisors Lp	director, other: See remarks	2121 AVENUE OF THE STARS, 9TH FLOOR, LOS ANGELES CA 90067