Plug Power (PLUG) Debt Ratio (2010 - 2026)

Plug Power (PLUG) posted quarterly Debt Ratio of 0.03 for Q1 2026, down 8.31% quarter-over-quarter from 0.03 in Q4 2025.

Plug Power (PLUG) Debt Ratio (2010 - 2026) Analysis & Trends

Plug Power (PLUG) has reported Debt Ratio for 15 consecutive years, with 0.03 the latest figure, recorded in Q1 2026.

In Q1 2026, Debt Ratio changed N/A year-over-year to 0.03; the TTM figure through Mar 2026 stood at 0.03 (changed N/A YoY), while the FY2025 annual figure was 0.03, up 25.49% from the prior year.
Debt Ratio eased to 0.03 in Q1 2026 per PLUG's latest filing, from 0.03 in the prior quarter.
Across five years, Debt Ratio topped out at 0.03 in Q4 2025 and bottomed at 0.0 in Q3 2022.
Historically, Debt Ratio has averaged 0.01 across 5 years, with a median of 0.0 in 2024.
Annual changes were most pronounced in 2022 — Debt Ratio slumped 96.75% — and 2025, when it jumped 2213.95%.
Plug Power's Debt Ratio stood at 0.0 in 2022, then plunged by 45.0% to 0.0 in 2023, then surged by 1866.02% to 0.03 in 2024, then gained by 25.49% to 0.03 in 2025, then declined by 8.31% to 0.03 in 2026.
Business Quant data shows PLUG's Debt Ratio at 0.03 in Q1 2026, 0.03 in Q4 2025, and 0.02 in Q3 2025.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Vertiv Holdings	101.35 Bn	98.24 Bn	1.23 Bn	0.18
2	Bloom Energy	58.17 Bn	55.50 Bn	355.57 Mn	0.00
3	nVent Electric	24.99 Bn	24.74 Bn	558.00 Mn	0.21
4	Hubbell	24.90 Bn	24.51 Bn	613.00 Mn	0.45
5	Advanced Energy Industries	11.37 Bn	9.96 Bn	236.10 Mn	0.37
6	Acuity Inc. (De)	10.36 Bn	9.95 Bn	606.40 Mn	0.15
7	Powell Industries	7.22 Bn	6.58 Bn	95.30 Mn	-
8	EnerSys	6.93 Bn	6.40 Bn	313.36 Mn	0.26
9	Hayward Holdings	3.18 Bn	2.70 Bn	155.05 Mn	0.31
10	Plug Power	3.05 Bn	2.74 Bn	-1.68 Mn	0.03

Download Data