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
DateValue
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