Plains All American Pipeline LP (Plains All American Pipeline LP) Debt-to-Equity

: 0.77 (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

Plains All American Pipeline LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $446 Mil. Plains All American Pipeline LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,579 Mil. Plains All American Pipeline LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $10,422 Mil. Plains All American Pipeline LP's debt to equity for the quarter that ended in Dec. 2023 was 0.77.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

PAA' s Debt-to-Equity Range Over the Past 10 Years
Min: -174.04 Med: 0.92 Max: 1.44
Current: 0.77

During the past 13 years, the highest Debt-to-Equity Ratio of Plains All American Pipeline LP was 1.44. The lowest was -174.04. And the median was 0.92.

PAA's Debt-to-Equity is ranked worse than
67.67% of 832 companies
in the Oil & Gas industry
Industry Median: 0.435 vs PAA: 0.77

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

The historical data trend for Plains All American Pipeline LP's Debt-to-Equity 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.

* Premium members only.

Plains All American Pipeline LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.78

1.11

0.97

0.87

0.77

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
Debt-to-Equity																0.87	0.81	0.80	0.81	0.77

Competitive Comparison

For the Oil & Gas Midstream subindustry, Plains All American Pipeline LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

Plains All American Pipeline LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(446	+	7579)	/	10422
	=	0.77

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(446	+	7579)	/	10422
	=	0.77

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

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

Thank you for viewing the detailed overview of Plains All American Pipeline LP's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Debt-to-Equity

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