Plains Long Term Debt vs Current Deferred Revenue Analysis

PAGP Stock

USD 19.19 0.38 2.02%

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 Long Term Debt and its Current Deferred Revenue 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.

Long Term Debt vs Current Deferred Revenue

Long Term Debt vs Current Deferred Revenue Correlation Analysis

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

The correlation between Plains GP's Long Term Debt and Current Deferred Revenue is 0.47. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Current Deferred Revenue 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 Long Term Debt and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Plains GP Holdings are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Long Term Debt i.e., Plains GP's Long Term Debt and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Plains GP Holdings has held for over one year. Long-term debt appears on Plains GP Holdings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Plains GP Holdings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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 11/22/2024, 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	386M	425.2M
Depreciation And Amortization	968M	1.1B	607.4M

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	-0.43	0.38	-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	-0.74	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	-0.43	0.66		-0.76	-0.2	0.3	0.32	0.67	0.97	-0.54	0.12	0.74	0.07	0.75	0.98	0.12	-0.46	0.96	-0.06	0.5	0.57	0.88	0.65	-0.33	0.36	-0.08
Other Current Liab	0.38	-0.74	-0.76		-0.16	-0.22	-0.37	-0.7	-0.76	0.11	-0.27	-0.74	-0.23	-0.58	-0.74	-0.27	0.01	-0.77	0.12	-0.37	-0.45	-0.83	-0.69	-0.08	-0.25	-0.22
Total Current Liabilities	-0.09	0.28	-0.2	-0.16		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	0.3	-0.22	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	0.32	-0.37	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	-0.7	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	0.97	-0.76	-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	-0.54	0.11	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	0.12	-0.27	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	0.74	-0.74	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	0.07	-0.23	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	0.75	-0.58	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	0.98	-0.74	-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	0.12	-0.27	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	-0.46	0.01	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	0.96	-0.77	-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	-0.06	0.12	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	0.5	-0.37	-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	0.57	-0.45	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	0.88	-0.83	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	0.65	-0.69	-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	-0.33	-0.08	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	0.36	-0.25	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	-0.08	-0.22	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	9.7B	10.2B	9.2B	8.8B	8.1B	10.2B
Other Current Liab	828M	999M	601M	689M	645M	674.5M
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

Pair Trading with Plains GP

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Plains GP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Plains GP will appreciate offsetting losses from the drop in the long position's value.

Moving against Plains Stock

0.36

PBA

Pembina Pipeline Corp

Pair Corr

The ability to find closely correlated positions to Plains GP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plains GP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Plains GP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Plains GP Holdings to buy it.

The correlation of Plains GP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Plains GP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plains GP Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Plains GP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Plains Stock Analysis

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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