Plains All American Pipeline LP (PAA) — Net Asset Quality Index
Plains All American Pipeline LP (PAA) has a Net Asset Quality Index of 40.5% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $31.64 Billion minus total liabilities of $18.82 Billion yields net assets of $12.82 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check PAA asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
Plains All American Pipeline LP Net Asset Quality Index Over Time (1997–2025)
This chart shows how Plains All American Pipeline LP's Net Asset Quality Index has evolved across 29 annual periods from 1997 to 2025. As of March 2026, the index stands at 40.5%, representing net assets of $12.82 Billion against total assets of $31.64 Billion USD. See PAA working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Plains All American Pipeline LP (1997–2025)
The table below presents the year-by-year Net Asset Quality Index for Plains All American Pipeline LP from 1997 to 2025, covering 29 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see Plains All American Pipeline LP market capitalisation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 43.4% | $13.08 Billion | $30.17 Billion | $17.09 Billion | ▼ -5.9 pp |
| 2024 | 49.3% | $13.10 Billion | $26.56 Billion | $13.47 Billion | ▼ -0.9 pp |
| 2023 | 50.2% | $13.73 Billion | $27.36 Billion | $13.62 Billion | ▲ +2.4 pp |
| 2022 | 47.8% | $13.32 Billion | $27.89 Billion | $14.57 Billion | ▲ +3.0 pp |
| 2021 | 44.8% | $12.81 Billion | $28.61 Billion | $15.80 Billion | ▲ +5.0 pp |
| 2020 | 39.8% | $9.74 Billion | $24.50 Billion | $14.76 Billion | ▼ -6.3 pp |
| 2019 | 46.0% | $13.20 Billion | $28.68 Billion | $15.48 Billion | ▼ -1.0 pp |
| 2018 | 47.0% | $12.00 Billion | $25.51 Billion | $13.51 Billion | ▲ +3.8 pp |
| 2017 | 43.2% | $10.96 Billion | $25.35 Billion | $14.39 Billion | ▲ +6.8 pp |
| 2016 | 36.4% | $8.82 Billion | $24.21 Billion | $15.39 Billion | ▲ +0.8 pp |
| 2015 | 35.6% | $7.94 Billion | $22.29 Billion | $14.35 Billion | ▼ -1.2 pp |
| 2014 | 36.8% | $8.19 Billion | $22.26 Billion | $14.06 Billion | ▼ -1.0 pp |
| 2013 | 37.8% | $7.70 Billion | $20.36 Billion | $12.66 Billion | ▲ +0.7 pp |
| 2012 | 37.2% | $7.15 Billion | $19.23 Billion | $12.09 Billion | ▼ -1.6 pp |
| 2011 | 38.7% | $5.96 Billion | $15.38 Billion | $9.43 Billion | ▲ +6.1 pp |
| 2010 | 32.7% | $4.57 Billion | $14.00 Billion | $9.43 Billion | ▼ -0.9 pp |
| 2009 | 33.5% | $4.15 Billion | $12.36 Billion | $8.21 Billion | ▼ -1.9 pp |
| 2008 | 35.4% | $3.55 Billion | $10.03 Billion | $6.48 Billion | ▲ +0.8 pp |
| 2007 | 34.6% | $3.42 Billion | $9.91 Billion | $6.48 Billion | ▲ +0.4 pp |
| 2006 | 34.2% | $2.98 Billion | $8.71 Billion | $5.74 Billion | ▲ +1.9 pp |
| 2005 | 32.3% | $1.33 Billion | $4.12 Billion | $2.79 Billion | ▼ -1.6 pp |
| 2004 | 33.9% | $1.07 Billion | $3.16 Billion | $2.09 Billion | ▼ -1.8 pp |
| 2003 | 35.6% | $746.73 Million | $2.10 Billion | $1.35 Billion | ▲ +4.9 pp |
| 2002 | 30.7% | $511.61 Million | $1.67 Billion | $1.15 Billion | ▼ -1.2 pp |
| 2001 | 31.9% | $402.80 Million | $1.26 Billion | $858.45 Million | ▲ +7.8 pp |
| 2000 | 24.2% | $214.00 Million | $885.80 Million | $671.80 Million | ▲ +8.4 pp |
| 1999 | 15.8% | $193.00 Million | $1.22 Billion | $1.03 Billion | ▼ -29.7 pp |
| 1998 | 45.5% | $277.60 Million | $610.20 Million | $332.60 Million | ▲ +41.5 pp |
| 1997 | 4.0% | $5.97 Million | $149.62 Million | $143.64 Million | — |