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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Plug Power (PLUG) Debt to Equity (2016 - 2025)

Plug Power (PLUG) has disclosed Debt to Equity for 16 consecutive years, with $0.23 as the latest value for Q4 2025.

  • On a quarterly basis, Debt to Equity rose 43453.48% to $0.23 in Q4 2025 year-over-year; TTM through Dec 2025 was $0.23, a 43453.48% increase, with the full-year FY2025 number at $0.23, up 43453.48% from a year prior.
  • Debt to Equity was $0.23 for Q4 2025 at Plug Power, up from $0.08 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.23 in Q4 2025 to a low of $0.0 in Q2 2023.
  • A 5-year average of $0.02 and a median of $0.0 in 2022 define the central range for Debt to Equity.
  • Peak YoY movement for Debt to Equity: crashed 99.46% in 2024, then skyrocketed 43453.48% in 2025.
  • Plug Power's Debt to Equity stood at $0.0 in 2021, then tumbled by 61.76% to $0.0 in 2022, then soared by 7512.92% to $0.1 in 2023, then plummeted by 99.46% to $0.0 in 2024, then surged by 43453.48% to $0.23 in 2025.
  • Per Business Quant, the three most recent readings for PLUG's Debt to Equity are $0.23 (Q4 2025), $0.08 (Q3 2025), and $0.04 (Q2 2025).