Plains All American Pipeline LP (PAA) — Tangible Net Worth Ratio
Plains All American Pipeline LP (PAA) has a Tangible Net Worth Ratio of 86.8% as of March 2026. This metric is calculated by deducting intangible assets ($1.69 Billion) from net assets ($12.82 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore PAA year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Plains All American Pipeline LP Tangible Net Worth Ratio (1997–2025)
This chart shows how Plains All American Pipeline LP's Tangible Net Worth Ratio has changed across 29 annual periods from 1997 to 2025. As of March 2026, the ratio stands at 86.8%, reflecting net assets of $12.82 Billion with intangible assets of $1.69 Billion USD. For live market cap and overall valuation, see how much is Plains All American Pipeline LP worth.
Annual Tangible Net Worth Ratio for Plains All American Pipeline LP (1997–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Plains All American Pipeline LP from 1997 to 2025, covering 29 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore Plains All American Pipeline LP capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 86.6% | $13.08 Billion | $1.75 Billion | $30.17 Billion | ▼ -0.6 pp |
| 2024 | 87.2% | $13.10 Billion | $1.68 Billion | $26.56 Billion | ▲ +0.8 pp |
| 2023 | 86.3% | $13.73 Billion | $1.88 Billion | $27.36 Billion | ▲ +2.4 pp |
| 2022 | 83.9% | $13.32 Billion | $2.15 Billion | $27.89 Billion | ▼ -0.8 pp |
| 2021 | 84.7% | $12.81 Billion | $1.96 Billion | $28.61 Billion | ▼ -7.0 pp |
| 2020 | 91.7% | $9.74 Billion | $805.00 Million | $24.50 Billion | ▼ -2.9 pp |
| 2019 | 94.6% | $13.20 Billion | $707.00 Million | $28.68 Billion | ▲ +1.1 pp |
| 2018 | 93.6% | $12.00 Billion | $772.00 Million | $25.51 Billion | ▲ +1.3 pp |
| 2017 | 92.3% | $10.96 Billion | $844.00 Million | $25.35 Billion | ▼ -5.0 pp |
| 2016 | 97.3% | $8.82 Billion | $242.00 Million | $24.21 Billion | ▲ +0.8 pp |
| 2015 | 96.4% | $7.94 Billion | $283.00 Million | $22.29 Billion | ▲ +0.9 pp |
| 2014 | 95.5% | $8.19 Billion | $366.00 Million | $22.26 Billion | ▲ +1.0 pp |
| 2013 | 94.5% | $7.70 Billion | $420.00 Million | $20.36 Billion | ▲ +1.2 pp |
| 2012 | 93.4% | $7.15 Billion | $473.00 Million | $19.23 Billion | ▲ +31.7 pp |
| 2011 | 61.7% | $5.96 Billion | $2.28 Billion | $15.38 Billion | ▼ -2.3 pp |
| 2010 | 63.9% | $4.57 Billion | $1.65 Billion | $14.00 Billion | ▼ -0.2 pp |
| 2009 | 64.1% | $4.15 Billion | $1.49 Billion | $12.36 Billion | ▲ +2.9 pp |
| 2008 | 61.2% | $3.55 Billion | $1.38 Billion | $10.03 Billion | ▼ -4.3 pp |
| 2007 | 65.5% | $3.42 Billion | $1.18 Billion | $9.91 Billion | ▲ +4.0 pp |
| 2006 | 61.6% | $2.98 Billion | $1.14 Billion | $8.71 Billion | ▼ -34.9 pp |
| 2005 | 96.4% | $1.33 Billion | $47.40 Million | $4.12 Billion | ▼ -3.6 pp |
| 2004 | 100.0% | $1.07 Billion | $0.00 | $3.16 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | $746.73 Million | $0.00 | $2.10 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | $511.61 Million | $0.00 | $1.67 Billion | ▲ +0.0 pp |
| 2001 | 100.0% | $402.80 Million | $0.00 | $1.26 Billion | ▲ +0.0 pp |
| 2000 | 100.0% | $214.00 Million | $0.00 | $885.80 Million | ▲ +0.0 pp |
| 1999 | 100.0% | $193.00 Million | $0.00 | $1.22 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | $277.60 Million | $0.00 | $610.20 Million | ▲ +0.0 pp |
| 1997 | 100.0% | $5.97 Million | $0.00 | $149.62 Million | — |