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. See Plains All American Pipeline LP short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
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. See Plains All American Pipeline LP defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
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. For the full company profile including market capitalisation, see Plains All American Pipeline LP (PAA) total market value.
| 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 | — |