Plug Power Inc Cash Flow-to-Debt Ratio
Plug Power Inc cash flow-to-debt ratio. Plug Power Inc (PLUG) has a Cash Flow-to-Debt Ratio of -0.06x as of June 2026, meaning its operating cash flow of $-94.06 Million could theoretically repay 0% of its total liabilities ($1.61 Billion) in one year. Check PLUG operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Plug Power Inc (1998–2025)
Cash flow-to-debt ratio of Plug Power Inc from 1998 to 2025. Historical debt coverage capacity for Plug Power Inc across 28 annual periods. Check PLUG capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Plug Power Inc Cash Flow-to-Debt Ratio by Year (1998–2025)
Plug Power Inc cash flow-to-debt ratio by year from 1998 to 2025. Year-by-year debt coverage analysis for Plug Power Inc. For the full cash flow conversion analysis, see PLUG cash flow conversion.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | -0.34x | $-535.84 Million | $1.59 Billion | ▲ +17.0% |
| 2024 | -0.41x | $-728.64 Million | $1.80 Billion | ▲ +26.5% |
| 2023 | -0.55x | $-1.11 Billion | $2.00 Billion | ▼ -51.5% |
| 2022 | -0.36x | $-620.83 Million | $1.70 Billion | ▼ -36.7% |
| 2021 | -0.27x | $-358.18 Million | $1.34 Billion | ▼ -31.9% |
| 2020 | -0.20x | $-155.48 Million | $769.83 Million | ▼ -151.5% |
| 2019 | -0.08x | $-53.32 Million | $664.16 Million | ▲ +46.7% |
| 2018 | -0.15x | $-58.35 Million | $387.61 Million | ▲ +50.7% |
| 2017 | -0.31x | $-60.18 Million | $197.16 Million | ▼ -60.4% |
| 2016 | -0.19x | $-29.64 Million | $155.74 Million | ▲ +65.9% |
| 2015 | -0.56x | $-47.27 Million | $84.72 Million | ▲ +34.9% |
| 2014 | -0.86x | $-40.78 Million | $47.60 Million | ▼ -69.7% |
| 2013 | -0.51x | $-26.88 Million | $53.23 Million | ▲ +38.8% |
| 2012 | -0.83x | $-20.16 Million | $24.43 Million | ▲ +34.0% |
| 2011 | -1.25x | $-33.31 Million | $26.62 Million | ▲ +50.1% |
| 2010 | -2.51x | $-40.77 Million | $16.26 Million | ▼ -397.8% |
| 2009 | -0.50x | $-38.23 Million | $75.92 Million | ▲ +25.9% |
| 2008 | -0.68x | $-56.60 Million | $83.25 Million | ▲ +73.1% |
| 2007 | -2.53x | $-49.31 Million | $19.49 Million | ▲ +26.5% |
| 2006 | -3.44x | $-46.11 Million | $13.39 Million | ▼ -28.1% |
| 2005 | -2.69x | $-39.87 Million | $14.83 Million | ▼ -26.0% |
| 2004 | -2.13x | $-33.90 Million | $15.88 Million | ▲ +8.5% |
| 2003 | -2.33x | $-38.02 Million | $16.30 Million | ▼ -1.0% |
| 2002 | -2.31x | $-36.89 Million | $15.99 Million | ▲ +31.7% |
| 2001 | -3.38x | $-55.29 Million | $16.37 Million | ▲ +13.9% |
| 2000 | -3.92x | $-65.49 Million | $16.70 Million | ▼ -143.2% |
| 1999 | -1.61x | $-23.74 Million | $14.72 Million | ▲ +44.1% |
| 1998 | -2.88x | $-7.50 Million | $2.60 Million | — |