Plug Power (PLUG) Interest Coverage Ratio (2011 - 2026)
Plug Power's (PLUG) quarterly Interest Coverage Ratio came in at 6.31 in Q1 2026, up 59.39% year-on-year from 3.96 in Q1 2025, and up 82.44% on a QoQ basis from 35.93 in Q4 2025.
Plug Power (PLUG) Interest Coverage Ratio (2011 - 2026) Analysis & Trends
Plug Power (PLUG) has 16 years of Interest Coverage Ratio data on file, last reported at 6.31 in Q1 2026.
- On a quarterly basis, Interest Coverage Ratio rose 59.39% year-over-year to 6.31 in Q1 2026; TTM through Mar 2026 was 19.7, a 20.98% decrease from a year earlier, with the FY2025 full-year figure at 1.01, up 44.88% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 6.31, up from 35.93 in the prior quarter.
- Over the last five years, Interest Coverage Ratio for PLUG reached as high as 1.58 in Q3 2022 and fell as low as 39.13 in Q4 2023.
- Historically, Interest Coverage Ratio has averaged 14.15 across 5 years, with a median of 13.35 in 2024.
- Across the five-year window, Interest Coverage Ratio jumped 81.17% in 2022 and tumbled 813.09% in 2023, its largest moves.
- Year by year, Interest Coverage Ratio stood at 6.02 in 2022, then slumped by 550.0% to 39.13 in 2023, then surged by 52.53% to 18.58 in 2024, then slumped by 93.38% to 35.93 in 2025, then jumped by 82.44% to 6.31 in 2026.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 6.31 in Q1 2026, 35.93 in Q4 2025, and 21.19 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 9.62 |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 10.28 |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 0.11 |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 2.70 |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 1.82 |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 1.71 |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 24.78 |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 8.68 |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | -16.03 |
| 10 | Plug Power | 3.06 Bn | 2.67 Bn | -21.61 Mn | -6.31 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -18.58 |
| Sep 30, 2024 | -13.35 |
| Jun 30, 2024 | -15.25 |
| Mar 31, 2024 | -16.14 |
| Dec 31, 2023 | -39.13 |
| Sep 30, 2023 | -14.41 |
| Jun 30, 2023 | -7.04 |
| Mar 31, 2023 | -9.69 |
| Dec 31, 2022 | -6.02 |
| Sep 30, 2022 | -1.58 |
| Jun 30, 2022 | -1.95 |
| Mar 31, 2022 | -7.40 |
| Dec 31, 2021 | 33.23 |
| Sep 30, 2021 | -0.67 |
| Jun 30, 2021 | -10.36 |