Plug Power PLUG
NASDAQ PLUG
$2.13 -0.05 (-2.07%)
As of: Sep 10, 2026 · 12:57 PM EDT

Plug Power (PLUG) Interest Coverage Ratio (2020 - 2026)

Plug Power's (PLUG) quarterly Interest Coverage Ratio came in at 3.8 in Q2 2026, up 65.81% year-over-year from 2.29 in Q2 2025, and up 39.85% quarter-over-quarter from 6.31 in Q1 2026.

Analysis

Plug Power (PLUG) Interest Coverage Ratio (2020 - 2026) Analysis & Trends

Plug Power (PLUG) has reported Interest Coverage Ratio for 7 consecutive years, with 3.8 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Interest Coverage Ratio rose 65.81% year-over-year to 3.8 in Q2 2026; TTM through Jun 2026 was 17.87, a 49.18% increase from a year earlier, with the FY2025 full-year figure at 22.53, up 47.99% from the prior year.
  • Interest Coverage Ratio was 3.8 for Q2 2026 at Plug Power, up from 6.31 in the prior quarter.
  • Over five years, Interest Coverage Ratio peaked at 3.8 in Q2 2026 and troughed at 78.11 in Q4 2024.
  • A 5-year average of 24.02 and a median of 20.97 in 2023 frame the typical range for Interest Coverage Ratio.
  • Across the five-year window, Interest Coverage Ratio slumped 311.07% in 2022 and jumped 65.81% in 2026, its largest moves.
  • Over 5 years, Interest Coverage Ratio stood at 22.99 in 2022, then slumped by 137.05% to 54.5 in 2023, then plunged by 43.31% to 78.11 in 2024, then surged by 54.0% to 35.93 in 2025, then jumped by 89.44% to 3.8 in 2026.
  • The last three Interest Coverage Ratio figures came in at 3.8 (Q2 2026), 6.31 (Q1 2026), and 35.93 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Plug Power 2.96 Bn 2.64 Bn -1.68 Mn -3.80
2 NewHydrogen 12.64 Mn 12.64 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -3.80
Mar 31, 2026 -6.31
Dec 31, 2025 -35.93
Sep 30, 2025 -21.19
Jun 30, 2025 -11.10
Mar 31, 2025 -15.54
Dec 31, 2024 -78.11
Sep 30, 2024 -23.63
Jun 30, 2024 -25.73
Mar 31, 2024 -22.91
Dec 31, 2023 -54.50
Sep 30, 2023 -23.21
Jun 30, 2023 -20.76
Mar 31, 2023 -19.70
Dec 31, 2022 -22.99
Sep 30, 2022 -17.71
Jun 30, 2022 -13.11
Mar 31, 2022 -16.09
Dec 31, 2021 -20.77
Sep 30, 2021 -10.37