Plug Power (PLUG) Debt Ratio (2010 - 2026)
Plug Power's Debt Ratio was 0.00 in Q2 2026, down 99.8% from 0.06 a year earlier and down 88.4% from the prior quarter.
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Analysis
Plug Power (PLUG) Debt Ratio (2010 - 2026) Analysis & Trends
From Q4 2010 onward, Plug Power has reported Debt Ratio for 47 quarters.
- In earlier years, Debt Ratio was 0.02 in FY2024, 0.00 in FY2023 (-37.9%), 0.00 in FY2022 (-65.2%) and 0.00 in FY2021 (-77.3%).
- The Q2 2026 figure marks the lowest quarterly Debt Ratio since Q2 2023.
- Compared with a year earlier, Debt Ratio has declined for three straight quarters, with growth averaging 68.5% over the last four quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q2 2024 (growth of 589.9%); the worst was Q2 2026 (a decline of 99.8%).
- Per Business Quant data, PLUG's Debt Ratio in the three quarters before Q2 2026 was 0.00 (Q1 2026), 0.00 (Q4 2025) and 0.09 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.71 Bn | 1.80 Bn | -1.68 Mn | 0.00 |
| 2 | Rex American Resources | 1.44 Bn | 86.32 Mn | 53.30 Mn | - |
| 3 | Green Plains | 1.06 Bn | 456.27 Mn | 113.03 Mn | 0.29 |
| 4 | Montauk Renewables | 391.06 Mn | 318.84 Mn | - | 0.32 |
| 5 | Clean Energy Fuels | 343.76 Mn | -312.04 Mn | 30.14 Mn | 0.22 |
| 6 | Gevo | 326.35 Mn | 43.33 Mn | 19.80 Mn | 0.34 |
| 7 | OPAL Fuels | 305.82 Mn | 38.43 Mn | 24.47 Mn | 0.41 |
| 8 | Aemetis | 128.25 Mn | 112.00 Mn | 13.52 Mn | 1.61 |
| 9 | Verde Clean Fuels | 47.67 Mn | -150.80 Mn | - | - |
| 10 | Blue Biofuels | 32.35 Mn | 32.16 Mn | - | 0.33 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.00 |
| Mar 31, 2026 | 0.00 |
| Dec 31, 2025 | 0.00 |
| Sep 30, 2025 | 0.09 |
| Jun 30, 2025 | 0.06 |
| Mar 31, 2025 | 0.02 |
| Dec 31, 2024 | 0.02 |
| 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 |
API Access
Plug Power Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();