Plains Short Term Debt vs Cash Analysis
PAGP Stock | USD 17.85 0.05 0.28% |
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 Short Term Debt and its Cash 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.
Short Term Debt vs Cash
Short Term Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Plains GP Holdings Short Term Debt account and Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between Plains GP's Short Term Debt and Cash is 0.02. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Cash 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 Short Term Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Plains GP Holdings are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Term Debt i.e., Plains GP's Short Term Debt and Cash go up and down completely randomly.
Correlation Coefficient | 0.02 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Short Term Debt
Cash
Cash refers to the most liquid asset of Plains GP Holdings, which is listed under current asset account on Plains GP Holdings balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Plains GP customers. The amounts must be unrestricted with restricted cash listed in a different Plains GP account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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 06/08/2024, 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 |
Plains GP fundamental ratios Correlations
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Plains GP Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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