Plains All American Pipeline Balance Sheet Health
Financial Health criteria checks 3/6
Plains All American Pipeline has a total shareholder equity of $13.7B and total debt of $7.7B, which brings its debt-to-equity ratio to 55.9%. Its total assets and total liabilities are $27.4B and $13.6B respectively. Plains All American Pipeline's EBIT is $1.4B making its interest coverage ratio 3.5. It has cash and short-term investments of $501.0M.
Key information
55.9%
Debt to equity ratio
US$7.68b
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$501.00m |
| Equity | US$13.73b |
| Total liabilities | US$13.62b |
| Total assets | US$27.36b |
Recent financial health updates
No updates
Recent updates
Plains All American's 7.5% Yield: More Stable Than Meets The Eye
Mar 28Plains All American: A Solid 8% Distribution Play
Mar 17Plains All American Pipeline's Units Likely Continue Increasing In Value During 2024
Feb 29Plains All American: 8% Yield And Growth In The Permian Can Take Shares Higher
Jan 12Plains All American Pipeline declares $0.2175 dividend
Oct 10Plains All American Pipeline: Good Yield But Don't Bet On Growth
Sep 23Plains All American's Growth Story Intact, For Now
Sep 17Being Paid While Skating Along With Plains All American Pipeline
Jul 16Plains All American Pipeline declares $0.2175 dividend
Jul 08Insider Weekends: Kevin McCarthy Purchases $2 Million Worth Of Plains All American
Jun 26Plains All American Pipeline: Management May Be Too Optimistic But A 7.6% Yield Isn't Bad
Jun 14Plains All American: Strong First-Quarter Results And Operating Momentum Make Its Discounted Units A Buy
May 12Bracketing Returns For Plains All American Pipeline
Mar 22Plains All American Pipeline: Earnings Show Reasonable Growth Potential For This High-Yielder
Feb 14Plains All American Pipeline: Higher Distributions Coming In 2022, Possible 10%+ Yield
Dec 22Plains All American Fireside Chat: Capital Allocation, Permian In Focus
Oct 06Plains All American Pipeline Is About To Break Out
Sep 28Plains All American: After 5 Painful Years, Distributions Have Bottomed, But Caution Is Warranted
Jun 22Plains All American to sell natural gas storage assets to Hartree in $850M deal
Jun 08Plains All American Pipeline Q1 2021 Earnings Preview
May 03Financial Position Analysis
Short Term Liabilities: PAA's short term assets ($4.9B) do not cover its short term liabilities ($5.0B).
Long Term Liabilities: PAA's short term assets ($4.9B) do not cover its long term liabilities ($8.6B).
Debt to Equity History and Analysis
Debt Level: PAA's net debt to equity ratio (52.2%) is considered high.
Reducing Debt: PAA's debt to equity ratio has reduced from 76.6% to 55.9% over the past 5 years.
Debt Coverage: PAA's debt is well covered by operating cash flow (35.5%).
Interest Coverage: PAA's interest payments on its debt are well covered by EBIT (3.5x coverage).