Plains GP Holdings LP Asset Resilience Ratio
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. See PAGP defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Plains GP Holdings LP (2013–2023)
Asset resilience ratio of Plains GP Holdings LP from 2013 to 2023. This chart shows how Plains GP Holdings LP's Asset Resilience Ratio has changed over time. Read Plains GP Holdings LP debt and liabilities for a breakdown of total debt and financial obligations.
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 the complete balance sheet picture, see Plains GP Holdings LP assets under control.
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 |
|---|---|---|
|
Viper Energy Ut
NASDAQ:VNOM |
Oil & Gas Midstream | 0.00% |
|
TORM plc
CO:TRMD-A |
Oil & Gas Midstream | 1.01% |
|
Scorpio Tankers Inc.
F:S0QA |
Oil & Gas Midstream | 0.00% |
|
FLEX LNG Ltd
OL:FLNG |
Oil & Gas Midstream | 16.38% |
|
Zhuhai Winbase International Chemical Tank Terminal Co Ltd
SHE:002492 |
Oil & Gas Midstream | 19.52% |
|
Hunter Group ASA
OL:HUNT |
Oil & Gas Midstream | 19.14% |
|
TOP Ships Inc.
NYSE MKT:TOPS |
Oil & Gas Midstream | 0.02% |
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4 |
Oil & Gas Midstream | 14.41% |
Plains GP Holdings LP Asset Resilience Ratio by Year (2013–2023)
Plains GP Holdings LP asset resilience ratio by year from 2013 to 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