Plains Total Current Assets vs Accounts Payable Analysis
| PAGP Stock | USD 19.25 0.06 0.31% |
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 Total Current Assets and its Accounts Payable 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.
Total Current Assets vs Accounts Payable
Total Current Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Plains GP Holdings Total Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Plains GP's Total Current Assets and Accounts Payable is 0.92. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Accounts Payable 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 Total Current Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Plains GP Holdings are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Current Assets i.e., Plains GP's Total Current Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Accounts Payable
An accounting item on the balance sheet that represents Plains GP obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Plains GP Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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 11/25/2024, 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 |
Plains GP fundamental ratios Correlations
Click cells to compare fundamentals
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 | 9.7B | 10.2B | 9.2B | 8.8B | 8.1B | 10.2B | |
| Other Current Liab | 828M | 999M | 601M | 689M | 727M | 679.5M | |
| 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 | 433M | 703.9M | |
| 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.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.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.