Plains Inventory vs Short Term Debt Analysis

PAGP Stock

USD 17.75 0.15 0.84%

Plains GP financial indicator trend analysis is much more than just breaking down Plains GP Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Plains GP Holdings is a good investment. Please check the relationship between Plains GP Inventory and its Short Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plains GP Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Inventory vs Short Term Debt

Inventory vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Plains GP Holdings Inventory account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Plains GP's Inventory and Short Term Debt is 0.72. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Plains GP Holdings, assuming nothing else is changed. The correlation between historical values of Plains GP's Inventory and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Plains GP Holdings are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Inventory i.e., Plains GP's Inventory and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Inventory

Short Term Debt

Most indicators from Plains GP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Plains GP Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plains GP Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, Plains GP's Tax Provision is relatively stable compared to the past year. As of 06/07/2024, Sales General And Administrative To Revenue is likely to grow to 0.01, while Selling General Administrative is likely to drop slightly above 338.8 M.

	2022	2023	2024 (projected)
Interest Expense	405M	396M	425.9M
Depreciation And Amortization	968M	1.1B	615.9M

Interest Expense Depreciation And Amortization

Plains GP fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Common Stock Shares Outstanding		-0.21	-0.39	0.3	-0.09	-0.34	0.09	-0.13	-0.41	0.1	0.18	-0.22	-0.38	-0.15	-0.35	0.18	0.1	-0.31	-0.33	-0.1	-0.47	-0.34	-0.18	0.03	-0.48	0.16
Total Assets	-0.21		0.66	-0.2	0.28	0.31	0.81	0.97	0.61	0.09	0.55	0.98	0.15	0.6	0.68	0.55	0.19	0.78	-0.55	0.2	0.49	0.89	0.91	0.2	-0.03	0.62
Short Long Term Debt Total	-0.39	0.66		-0.46	-0.22	0.26	0.31	0.67	0.99	-0.53	0.17	0.73	0.06	0.69	0.97	0.17	-0.44	0.95	-0.16	0.38	0.52	0.87	0.67	-0.35	0.27	-0.06
Other Current Liab	0.3	-0.2	-0.46		0.05	-0.66	0.05	-0.17	-0.48	0.24	0.35	-0.23	-0.01	-0.41	-0.45	0.35	0.21	-0.42	-0.27	-0.59	-0.76	-0.4	-0.07	0.13	-0.38	0.17
Total Current Liabilities	-0.09	0.28	-0.22	0.05		0.36	0.07	0.13	-0.28	0.86	0.58	0.11	0.04	0.03	-0.29	0.58	0.89	-0.2	0.02	-0.2	0.19	0.19	-0.02	0.96	0.28	0.6
Total Stockholder Equity	-0.34	0.31	0.26	-0.66	0.36		0.12	0.24	0.25	0.12	-0.09	0.28	-0.02	0.35	0.25	-0.09	0.17	0.27	0.07	0.3	0.91	0.42	0.04	0.2	0.44	0.16
Other Liab	0.09	0.81	0.31	0.05	0.07	0.12		0.88	0.27	0.08	0.37	0.81	-0.08	0.37	0.39	0.37	0.2	0.53	-0.74	0.12	0.22	0.56	0.78	0.09	-0.42	0.72
Property Plant And Equipment Net	-0.13	0.97	0.67	-0.17	0.13	0.24	0.88		0.63	-0.03	0.47	0.98	0.02	0.64	0.7	0.47	0.09	0.81	-0.63	0.24	0.43	0.87	0.92	0.06	-0.14	0.59
Net Debt	-0.41	0.61	0.99	-0.48	-0.28	0.25	0.27	0.63		-0.58	0.08	0.7	0.05	0.68	0.97	0.08	-0.5	0.95	-0.13	0.41	0.51	0.84	0.63	-0.41	0.26	-0.13
Accounts Payable	0.1	0.09	-0.53	0.24	0.86	0.12	0.08	-0.03	-0.58		0.47	-0.07	0.0	-0.22	-0.55	0.47	0.98	-0.46	-0.15	-0.5	-0.07	-0.12	-0.12	0.92	-0.15	0.61
Cash	0.18	0.55	0.17	0.35	0.58	-0.09	0.37	0.47	0.08	0.47		0.46	0.1	0.19	0.08	1.0	0.51	0.17	-0.41	-0.35	-0.05	0.4	0.43	0.57	0.02	0.71
Non Current Assets Total	-0.22	0.98	0.73	-0.23	0.11	0.28	0.81	0.98	0.7	-0.07	0.46		0.15	0.63	0.76	0.46	0.03	0.85	-0.57	0.25	0.5	0.9	0.94	0.02	-0.06	0.52
Non Currrent Assets Other	-0.38	0.15	0.06	-0.01	0.04	-0.02	-0.08	0.02	0.05	0.0	0.1	0.15		-0.4	-0.01	0.1	-0.07	-0.03	0.15	-0.03	0.07	-0.02	0.21	-0.02	0.29	0.05
Other Assets	-0.15	0.6	0.69	-0.41	0.03	0.35	0.37	0.64	0.68	-0.22	0.19	0.63	-0.4		0.77	0.19	-0.13	0.79	-0.24	0.38	0.56	0.8	0.55	-0.07	0.13	0.07
Long Term Debt	-0.35	0.68	0.97	-0.45	-0.29	0.25	0.39	0.7	0.97	-0.55	0.08	0.76	-0.01	0.77		0.08	-0.47	0.98	-0.19	0.45	0.53	0.87	0.7	-0.4	0.17	-0.08
Cash And Short Term Investments	0.18	0.55	0.17	0.35	0.58	-0.09	0.37	0.47	0.08	0.47	1.0	0.46	0.1	0.19	0.08		0.51	0.17	-0.41	-0.35	-0.05	0.4	0.43	0.57	0.02	0.71
Net Receivables	0.1	0.19	-0.44	0.21	0.89	0.17	0.2	0.09	-0.5	0.98	0.51	0.03	-0.07	-0.13	-0.47	0.51		-0.36	-0.22	-0.44	-0.02	-0.01	-0.04	0.94	-0.16	0.68
Non Current Liabilities Total	-0.31	0.78	0.95	-0.42	-0.2	0.27	0.53	0.81	0.95	-0.46	0.17	0.85	-0.03	0.79	0.98	0.17	-0.36		-0.31	0.43	0.54	0.92	0.78	-0.31	0.11	0.07
Inventory	-0.33	-0.55	-0.16	-0.27	0.02	0.07	-0.74	-0.63	-0.13	-0.15	-0.41	-0.57	0.15	-0.24	-0.19	-0.41	-0.22	-0.31		0.38	-0.02	-0.3	-0.61	0.03	0.72	-0.58
Other Current Assets	-0.1	0.2	0.38	-0.59	-0.2	0.3	0.12	0.24	0.41	-0.5	-0.35	0.25	-0.03	0.38	0.45	-0.35	-0.44	0.43	0.38		0.38	0.36	0.17	-0.24	0.46	-0.25
Other Stockholder Equity	-0.47	0.49	0.52	-0.76	0.19	0.91	0.22	0.43	0.51	-0.07	-0.05	0.5	0.07	0.56	0.53	-0.05	-0.02	0.54	-0.02	0.38		0.62	0.3	0.01	0.41	0.13
Total Liab	-0.34	0.89	0.87	-0.4	0.19	0.42	0.56	0.87	0.84	-0.12	0.4	0.9	-0.02	0.8	0.87	0.4	-0.01	0.92	-0.3	0.36	0.62		0.78	0.07	0.22	0.31
Property Plant And Equipment Gross	-0.18	0.91	0.67	-0.07	-0.02	0.04	0.78	0.92	0.63	-0.12	0.43	0.94	0.21	0.55	0.7	0.43	-0.04	0.78	-0.61	0.17	0.3	0.78		-0.07	-0.19	0.43
Total Current Assets	0.03	0.2	-0.35	0.13	0.96	0.2	0.09	0.06	-0.41	0.92	0.57	0.02	-0.02	-0.07	-0.4	0.57	0.94	-0.31	0.03	-0.24	0.01	0.07	-0.07		0.13	0.62
Short Term Debt	-0.48	-0.03	0.27	-0.38	0.28	0.44	-0.42	-0.14	0.26	-0.15	0.02	-0.06	0.29	0.13	0.17	0.02	-0.16	0.11	0.72	0.46	0.41	0.22	-0.19	0.13		-0.22
Intangible Assets	0.16	0.62	-0.06	0.17	0.6	0.16	0.72	0.59	-0.13	0.61	0.71	0.52	0.05	0.07	-0.08	0.71	0.68	0.07	-0.58	-0.25	0.13	0.31	0.43	0.62	-0.22

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Plains GP Account Relationship Matchups

Plains GP fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	282M	170M	246M	194M	195M	206.4M
Total Assets	28.7B	24.5B	28.6B	29.2B	28.6B	27.3B
Short Long Term Debt Total	9.6B	9.7B	8.7B	8.8B	8.1B	9.9B
Other Current Liab	828M	999M	601M	689M	4.9B	5.2B
Total Current Liabilities	5.0B	4.3B	6.2B	5.9B	5.0B	5.3B
Total Stockholder Equity	14.5B	11.2B	14.2B	14.6B	1.5B	1.5B
Other Liab	857M	807M	830M	892M	1.0B	626.3M
Property Plant And Equipment Net	15.8B	15.0B	15.3B	15.6B	16.1B	14.8B
Net Debt	9.5B	9.7B	8.3B	8.4B	7.6B	9.7B
Accounts Payable	3.7B	2.4B	4.8B	4.0B	3.8B	3.7B
Cash	40M	69M	47M	452M	453M	475.7M
Non Current Assets Total	24.1B	20.8B	22.5B	23.8B	23.7B	22.3B
Non Currrent Assets Other	741M	(170M)	49M	1.7B	1.6B	822.6M
Other Assets	2.6B	3.7B	3.5B	1.4B	1.6B	2.6B
Long Term Debt	9.2B	9.4B	8.4B	7.3B	7.3B	9.2B
Cash And Short Term Investments	40M	69M	47M	452M	453M	475.7M
Net Receivables	3.6B	2.6B	4.7B	3.9B	3.8B	3.5B
Liabilities And Stockholders Equity	15.6B	14.9B	18.6B	29.2B	28.6B	24.5B
Non Current Liabilities Total	10.5B	10.5B	9.6B	8.7B	8.6B	10.1B
Inventory	604M	647M	783M	729M	548M	681.0M
Other Current Assets	312M	405M	196M	318M	155M	147.3M
Other Stockholder Equity	12.3B	9.7B	12.6B	12.9B	(58M)	(55.1M)
Total Liab	15.5B	14.8B	15.8B	14.6B	13.6B	15.4B
Property Plant And Equipment Gross	19.0B	15.0B	15.3B	15.6B	21.5B	16.8B
Total Current Assets	4.6B	3.7B	6.1B	5.4B	4.9B	4.9B
Short Term Debt	504M	831M	822M	1.2B	515M	708.9M
Intangible Assets	707M	805M	2.0B	2.1B	1.9B	958.0M
Property Plant Equipment	15.5B	14.6B	15.3B	15.6B	17.9B	14.6B
Net Tangible Assets	11.9B	11.2B	1.5B	12.5B	14.4B	8.5B
Retained Earnings	(1.7B)	(844M)	60M	1.1B	1.3B	1.3B
Long Term Debt Total	9.2B	9.4B	8.4B	7.3B	6.6B	7.2B
Long Term Investments	3.7B	3.8B	3.8B	3.1B	2.8B	2.9B
Non Current Liabilities Other	1.3B	1.1B	830M	1.1B	1.0B	951.2M
Common Stock	2.2B	1.5B	1.5B	1.5B	1.5B	1.8B
Short Long Term Debt	504M	831M	822M	1.2B	446M	697.5M

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Plains Inventory vs Short Term Debt Analysis

Inventory vs Short Term Debt

Inventory vs Short Term Debt Correlation Analysis

Correlation Coefficient

Inventory

Short Term Debt

Plains GP fundamental ratios Correlations

Plains GP Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Plains GP fundamental ratios Accounts

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Additional Tools for Plains Stock Analysis

COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Net Receivables	+ 0.98	Accounts Payable
Non Current Liabilities Total	+ 0.98	Long Term Debt

Other Stockholder Equity	- 0.76	Other Current Liab
Inventory	- 0.74	Other Liab
Total Stockholder Equity	- 0.66	Other Current Liab
Inventory	- 0.63	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.61	Inventory
Other Current Assets	- 0.59	Other Current Liab