Plains GP Holdings LP - Asset Resilience Ratio
Plains GP Holdings LP (PAGP) has an Asset Resilience Ratio of 0.19% as of March 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. Check Plains GP Holdings LP (PAGP) strategic investment index to assess the company's strategic physical and investment asset allocation.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2013–2023)
This chart shows how Plains GP Holdings LP's Asset Resilience Ratio has changed over time. See how leveraged is Plains GP Holdings LP's balance sheet to measure how much of total assets are equity-financed.
Liquid Assets Composition Over Time
This chart breaks down Plains GP Holdings LP's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For market capitalisation and broader financial context, see PAGP company net worth.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0% |
| Short-term Investments | $55.00 Million | 0.19% |
| Total Liquid Assets | $55.00 Million | 0.19% |
Asset Resilience Insights
- Limited Liquidity: Plains GP Holdings LP maintains only 0.19% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Plains GP Holdings LP Industry Peers by Asset Resilience Ratio
Compare Plains GP Holdings LP's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Golar LNG Limited
NASDAQ:GLNG |
Oil & Gas Midstream | 0.44% |
|
Kinetik Holdings Inc
NYSE:KNTK |
Oil & Gas Midstream | 0.12% |
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4 |
Oil & Gas Midstream | 13.03% |
|
CMB.TECH NV
BR:CMBT |
Oil & Gas Midstream | -0.05% |
|
Fluxys Belgium
BR:FLUX |
Oil & Gas Midstream | 1.79% |
|
Enbridge Inc
TO:ENB |
Oil & Gas Midstream | 0.50% |
|
TC Energy Corp
TO:TRP |
Oil & Gas Midstream | 1.55% |
|
Pembina Pipeline Corp
TO:PPL |
Oil & Gas Midstream | 0.30% |
Annual Asset Resilience Ratio for Plains GP Holdings LP (2013–2023)
The table below shows the annual Asset Resilience Ratio data for Plains GP Holdings LP.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 0.18% | $51.00 Million | $28.60 Billion | -0.08pp |
| 2022-12-31 | 0.26% | $75.00 Million | $29.21 Billion | -13.04pp |
| 2021-12-31 | 13.30% | $3.81 Billion | $28.61 Billion | -2.07pp |
| 2020-12-31 | 15.37% | $3.76 Billion | $24.50 Billion | -- |
| 2017-12-31 | 0.00% | $0.00 | $26.75 Billion | -- |
| 2016-12-31 | 0.00% | $0.00 | $26.10 Billion | -- |
| 2015-12-31 | 0.00% | $0.00 | $24.14 Billion | -- |
| 2014-12-31 | 0.00% | $0.00 | $23.98 Billion | -- |
| 2013-12-31 | 0.00% | $0.00 | $21.45 Billion | -- |
About Plains GP Holdings LP
Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments. The company engages in the gathering and transporting crude oil using pipelines, trucks, and barges or railcars. It also provides terminalling, storage, and o… Read more