Plains GP Holdings LP (PAGP) — Working Capital to Net Assets Ratio
Plains GP Holdings LP (PAGP) has a Working Capital to Net Assets ratio of 49.0% as of March 2026. Working capital of $6.28 Billion (current assets of $6.48 Billion minus current liabilities of $202.00 Million) is measured against net assets of $12.82 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Plains GP Holdings LP's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Plains GP Holdings LP Working Capital to Net Assets (2011–2025)
This chart shows how Plains GP Holdings LP's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of March 2026, the ratio stands at 49.0%, reflecting working capital of $6.28 Billion against net assets of $12.82 Billion USD. Check Plains GP Holdings LP tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Plains GP Holdings LP (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Plains GP Holdings LP from 2011 to 2025, covering 15 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market cap of Plains GP Holdings LP.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -1.4% | $-198.00 Million | $14.22 Billion | $4.70 Billion | $4.90 Billion | ▼ -0.4 pp |
| 2024 | -1.0% | $-148.00 Million | $14.32 Billion | $4.78 Billion | $4.92 Billion | ▼ -0.4 pp |
| 2023 | -0.6% | $-89.00 Million | $14.97 Billion | $4.92 Billion | $5.00 Billion | ▲ +3.1 pp |
| 2022 | -3.7% | $-535.00 Million | $14.64 Billion | $5.36 Billion | $5.89 Billion | ▼ -2.9 pp |
| 2021 | -0.7% | $-95.00 Million | $12.81 Billion | $6.14 Billion | $6.23 Billion | ▲ +5.3 pp |
| 2020 | -6.0% | $-588.00 Million | $9.74 Billion | $3.67 Billion | $4.25 Billion | ▼ -3.0 pp |
| 2019 | -3.1% | $-405.00 Million | $13.20 Billion | $4.61 Billion | $5.02 Billion | ▼ -3.7 pp |
| 2018 | 0.6% | $77.00 Million | $12.00 Billion | $3.53 Billion | $3.46 Billion | ▲ +4.9 pp |
| 2017 | -4.3% | $-530.00 Million | $12.36 Billion | $4.00 Billion | $4.53 Billion | ▼ -0.6 pp |
| 2016 | -3.7% | $-391.00 Million | $10.71 Billion | $4.28 Billion | $4.67 Billion | ▲ +1.1 pp |
| 2015 | -4.7% | $-437.00 Million | $9.23 Billion | $2.97 Billion | $3.41 Billion | ▲ +1.4 pp |
| 2014 | -6.1% | $-575.00 Million | $9.38 Billion | $4.18 Billion | $4.76 Billion | ▼ -0.7 pp |
| 2013 | -5.4% | $-448.00 Million | $8.28 Billion | $4.96 Billion | $5.41 Billion | ▼ -4.9 pp |
| 2012 | -0.5% | $-36.00 Million | $6.97 Billion | $5.15 Billion | $5.18 Billion | ▲ +2.3 pp |
| 2011 | -2.8% | $-163.00 Million | $5.79 Billion | $4.36 Billion | $4.52 Billion | — |