Plains GP Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Plains GP Holdings has a total shareholder equity of $14.9B and total debt of $7.8B, which brings its debt-to-equity ratio to 52.4%. Its total assets and total liabilities are $28.6B and $13.7B respectively. Plains GP Holdings's EBIT is $1.4B making its interest coverage ratio 3.7. It has cash and short-term investments of $389.0M.
Key information
52.4%
Debt to equity ratio
US$7.80b
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$389.00m |
| Equity | US$14.88b |
| Total liabilities | US$13.71b |
| Total assets | US$28.59b |
Recent financial health updates
No updates
Recent updates
Plains GP Holdings' Reinvigorated 1099 Distribution Is Backed By Ample Cash Flow
Apr 30Plains GP Holdings declares $0.2175 dividend
Oct 10Plains GP Holdings declares $0.2175 dividend
Jul 08Plains GP Holdings: Cash-Generating Engine Firing Up, Higher Distributions To Follow
Sep 25Plains GP Holdings: The Oil Price Recovery Foretells Higher Earnings And Distributions On The Horizon
Jul 13Plains GP Holdings EPS beats by $0.02, beats on revenue
May 04Financial Position Analysis
Short Term Liabilities: PAGP's short term assets ($5.0B) do not cover its short term liabilities ($5.1B).
Long Term Liabilities: PAGP's short term assets ($5.0B) do not cover its long term liabilities ($8.6B).
Debt to Equity History and Analysis
Debt Level: PAGP's net debt to equity ratio (49.8%) is considered high.
Reducing Debt: PAGP's debt to equity ratio has reduced from 66.3% to 52.4% over the past 5 years.
Debt Coverage: PAGP's debt is well covered by operating cash flow (30.8%).
Interest Coverage: PAGP's interest payments on its debt are well covered by EBIT (3.7x coverage).