Plug Power PLUG
NASDAQ PLUG
$2.12 -0.06 (-2.53%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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