Plug Power (PLUG) Debt Ratio (2010 - 2026)
Plug Power's (PLUG) quarterly Debt Ratio came in at 0.03 in Q1 2026, down 8.31% on a QoQ basis from 0.03 in Q4 2025.
Plug Power (PLUG) Debt Ratio (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 15 years of Debt Ratio data on file, last reported at 0.03 in Q1 2026.
- On a quarterly basis, Debt Ratio changed N/A year-over-year to 0.03 in Q1 2026; TTM through Mar 2026 was 0.03, a N/A change from a year earlier, with the FY2025 full-year figure at 0.03, up 25.49% from the prior year.
- Debt Ratio for Q1 2026 stood at 0.03, down from 0.03 in the prior quarter.
- Over the last five years, Debt Ratio for PLUG reached as high as 0.03 in Q4 2025 and fell as low as 0.0 in Q3 2022.
- Historically, Debt Ratio has averaged 0.01 across 5 years, with a median of 0.0 in 2024.
- Across the five-year window, Debt Ratio plunged 96.75% in 2022 and surged 2213.95% in 2025, its largest moves.
- Year by year, Debt Ratio stood at 0.0 in 2022, then plunged by 45.0% to 0.0 in 2023, then jumped by 1866.02% to 0.03 in 2024, then climbed by 25.49% to 0.03 in 2025, then retreated by 8.31% to 0.03 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.03 in Q1 2026, 0.03 in Q4 2025, and 0.02 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 0.30 |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 0.22 |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | - |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 0.31 |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 0.22 |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 0.44 |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 0.15 |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | - |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 0.28 |
| 10 | Plug Power | 3.06 Bn | 2.67 Bn | -21.61 Mn | 0.03 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.03 |
| Dec 31, 2025 | 0.03 |
| Sep 30, 2025 | 0.02 |
| Jun 30, 2025 | 0.03 |
| Dec 31, 2024 | 0.03 |
| Sep 30, 2024 | 0.00 |
| Jun 30, 2024 | 0.00 |
| Mar 31, 2024 | 0.00 |
| Dec 31, 2023 | 0.00 |
| Sep 30, 2023 | 0.00 |
| Jun 30, 2023 | 0.00 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.00 |
| Sep 30, 2022 | 0.00 |
| Jun 30, 2022 | 0.00 |
| Mar 31, 2022 | 0.00 |
| Dec 31, 2021 | 0.00 |
| Sep 30, 2021 | 0.00 |
| Jun 30, 2021 | 0.01 |
| Mar 31, 2021 | 0.00 |