• Plains All American Pipeline average debt/equity ratio for 2023 was 0.54, a 11.48% decline from 2022.
• Plains All American Pipeline average debt/equity ratio for 2022 was 0.61, a 27.38% decline from 2021.
• Plains All American Pipeline average debt/equity ratio for 2021 was 0.84, a 12.5% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.