Plug Power (PLUG) Debt Ratio (2010 - 2026)
Plug Power's (PLUG) quarterly Debt Ratio came in at 0.03 in Q2 2026, down 70.44% year-over-year from 0.09 in Q2 2025, and down 13.46% quarter-over-quarter from 0.03 in Q1 2026.
Analysis
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 Q2 2026.
- On a quarterly basis, Debt Ratio fell 70.44% year-over-year to 0.03 in Q2 2026; TTM through Jun 2026 was 0.03, a 70.44% decrease from a year earlier, with the FY2025 full-year figure at 0.03, down 19.71% from the prior year.
- Debt Ratio was 0.03 for Q2 2026 at Plug Power, down from 0.03 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.1 in Q3 2025 and troughed at 0.0 in Q3 2022.
- A 5-year average of 0.02 and a median of 0.0 in 2023 frame the typical range for Debt Ratio.
- Across the five-year window, Debt Ratio tumbled 96.75% in 2022 and soared 6466.02% in 2025, its largest moves.
- Over 5 years, Debt Ratio stood at 0.0 in 2022, then plunged by 45.0% to 0.0 in 2023, then surged by 3064.59% to 0.04 in 2024, then decreased by 19.71% to 0.03 in 2025, then retreated by 20.3% to 0.03 in 2026.
- The last three Debt Ratio figures came in at 0.03 (Q2 2026), 0.03 (Q1 2026), and 0.03 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.94 Bn | 2.62 Bn | -1.68 Mn | 0.03 |
| 2 | NewHydrogen | 12.64 Mn | 12.64 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.03 |
| Mar 31, 2026 | 0.03 |
| Dec 31, 2025 | 0.03 |
| Sep 30, 2025 | 0.10 |
| Jun 30, 2025 | 0.09 |
| Mar 31, 2025 | 0.02 |
| Dec 31, 2024 | 0.04 |
| Sep 30, 2024 | 0.01 |
| 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 |