Plug Power Inc (PLUG) — Cash Flow-to-Debt Ratio
Plug Power Inc (PLUG) has a Cash Flow-to-Debt Ratio of -0.09x as of March 2026, meaning its operating cash flow of $-150.04 Million could theoretically repay 0% of its total liabilities ($1.59 Billion) in one year. See Plug Power Inc (PLUG) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Plug Power Inc Cash Flow-to-Debt Ratio (1998–2025)
Historical debt coverage capacity for Plug Power Inc across 28 annual periods. Also explore Plug Power Inc annual equity growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Plug Power Inc (1998–2025)
Year-by-year debt coverage analysis for Plug Power Inc. For market capitalisation and broader financial context, see Plug Power Inc market capitalisation.
| 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 | — |