Plains GP Holdings LP (FRA:PG81) Debt-to-Equity

: 5.18 (As of Dec. 2023)

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Plains GP Holdings LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €409 Mil. Plains GP Holdings LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €6,950 Mil. Plains GP Holdings LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1,420 Mil. Plains GP Holdings LP's debt to equity for the quarter that ended in Dec. 2023 was 5.18.

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 GP Holdings LP's Debt-to-Equity or its related term are showing as below:

FRA:PG81' s Debt-to-Equity Range Over the Past 10 Years
Min: 4.68 Med: 6.04 Max: 7.19
Current: 5.18

During the past 13 years, the highest Debt-to-Equity Ratio of Plains GP Holdings LP was 7.19. The lowest was 4.68. And the median was 6.04.

FRA:PG81's Debt-to-Equity is ranked worse than
97.59% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs FRA:PG81: 5.18

Plains GP Holdings LP Debt-to-Equity Historical Data

The historical data trend for Plains GP Holdings 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 GP Holdings LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

4.68

7.19

6.24

5.74

5.18

Plains GP Holdings 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																5.74	5.38	5.29	5.41	5.18

Competitive Comparison

For the Oil & Gas Midstream subindustry, Plains GP Holdings 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 GP Holdings LP Debt-to-Equity Distribution

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

* The bar in red indicates where Plains GP Holdings LP's Debt-to-Equity falls into.

Plains GP Holdings LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Plains GP Holdings 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
	=	(408.982	+	6949.943)	/	1419.516
	=	5.18

Plains GP Holdings 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
	=	(408.982	+	6949.943)	/	1419.516
	=	5.18

Plains GP Holdings LP (FRA:PG81) 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 GP Holdings LP Debt-to-Equity Related Terms

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Plains GP Holdings LP (FRA:PG81) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plains GP Holdings LP (FRA:PG81) » Definitions » Debt-to-Equity

Comparable Companies

STNG CEQP HEP GLNG INSW ETRN NS VNOM HESM KNTK TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

PAGP:USA

Address

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

Website

https://www.plains.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.

Plains GP Holdings LP (FRA:PG81) Headlines

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