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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.

  • Quarterly Debt to Equity rose 331.85% to $0.23 in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $0.23 through Dec 2025, up 331.85% year-over-year, with the annual reading at $0.23 for FY2025, 331.85% up from the prior year.
  • Debt to Equity for Q4 2025 was $0.23 at Plug Power, up from $0.09 in the prior quarter.
  • The five-year high for Debt to Equity was $0.23 in Q4 2025, with the low at $0.0 in Q2 2023.
  • Average Debt to Equity over 5 years is $0.03, with a median of $0.0 recorded in 2023.
  • The sharpest move saw Debt to Equity tumbled 98.37% in 2021, then soared 7953.64% in 2025.
  • Over 5 years, Debt to Equity stood at $0.0 in 2021, then crashed by 61.76% to $0.0 in 2022, then skyrocketed by 7512.92% to $0.1 in 2023, then plummeted by 43.85% to $0.05 in 2024, then surged by 331.85% to $0.23 in 2025.
  • According to Business Quant data, Debt to Equity over the past three periods came in at $0.23, $0.09, and $0.04 for Q4 2025, Q3 2025, and Q2 2025 respectively.