Plains Net Debt vs Accumulated Depreciation Analysis

PAGP Stock

USD 18.07 0.21 1.15%

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 Net Debt and its Accumulated Depreciation 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 tightly coupled with the direction of predictive economic indicators such as signals in price.

Net Debt vs Accumulated Depreciation

Net Debt vs Accumulated Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Plains GP Holdings Net Debt account and Accumulated Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Plains GP's Net Debt and Accumulated Depreciation is -0.35. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accumulated Depreciation 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 Net Debt and Accumulated Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Plains GP Holdings are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Net Debt i.e., Plains GP's Net Debt and Accumulated Depreciation go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation for Plains GP Holdings fixed asset that has been charged to Plains GP expense since that asset was acquired and made available for Plains GP use. The accumulated depreciation account is Plains GP Holdings asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Plains GP Holdings.

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 tightly coupled 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 05/17/2024, 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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When determining whether Plains GP Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Plains Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Plains Gp Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Plains Gp Holdings Stock:

How To Invest In Plains

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Is Plains Stock a good investment?

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What is Plains GP's Net Worth?

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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 tightly coupled with the direction of predictive economic indicators such as signals in price.

Note that the Plains GP Holdings information on this page should be used as a complementary analysis to other Plains GP's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running Plains GP's price analysis, check to measure Plains GP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Plains GP is operating at the current time. Most of Plains GP's value examination focuses on studying past and present price action to predict the probability of Plains GP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plains GP's price. Additionally, you may evaluate how the addition of Plains GP to your portfolios can decrease your overall portfolio volatility.

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Is Plains GP's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Plains GP. If investors know Plains will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Plains GP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.40)

Dividend Share

1.17

Earnings Share

0.87

Revenue Per Share

247.08

Quarterly Revenue Growth

(0.03)

The market value of Plains GP Holdings is measured differently than its book value, which is the value of Plains that is recorded on the company's balance sheet. Investors also form their own opinion of Plains GP's value that differs from its market value or its book value, called intrinsic value, which is Plains GP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Plains GP's market value can be influenced by many factors that don't directly affect Plains GP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Plains GP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plains GP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plains GP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Plains Net Debt vs Accumulated Depreciation Analysis

Net Debt vs Accumulated Depreciation

Net Debt vs Accumulated Depreciation Correlation Analysis

Correlation Coefficient

Net Debt

Accumulated Depreciation

Plains GP fundamental ratios Correlations

Plains GP Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Plains GP fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Plains Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

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