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 net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
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. For the complete balance sheet picture, see balance sheet size of Plains GP Holdings LP.
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. Explore PAGP long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
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% |
|
Scorpio Tankers Inc.
F:S0QA |
Oil & Gas Midstream | 0.00% |
|
CMB.TECH NV
BR:CMBT |
Oil & Gas Midstream | -0.05% |
|
FLEX LNG Ltd
NYSE:FLNG |
Oil & Gas Midstream | 0.33% |
|
Nordic American Tankers Limited
NYSE:NAT |
Oil & Gas Midstream | 5.08% |
|
Golar LNG Limited
F:G2O |
Oil & Gas Midstream | 0.00% |
|
Dorian LPG Ltd
NYSE:LPG |
Oil & Gas Midstream | 15.07% |
|
Hunter Group ASA
OL:HUNT |
Oil & Gas Midstream | 19.14% |
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