Plug Power Inc (PLUG) — Financial Flexibility Index
Plug Power Inc (PLUG) has a Financial Flexibility Index of -0.05x as of June 2026. Free cash flow of $-87.76 Million (operating CF $-94.06 Million minus capex $6.30 Million) represents 0% of total liabilities ($1.61 Billion). Check Plug Power Inc (PLUG) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Plug Power Inc Financial Flexibility Index (1998–2025)
Historical Financial Flexibility Index trend for Plug Power Inc across 28 annual periods. For the full cash flow conversion analysis, see how efficiently does Plug Power Inc generate cash.
Annual Financial Flexibility Index for Plug Power Inc (1998–2025)
Year-by-year free cash flow to debt coverage for Plug Power Inc. Explore cash flow to debt ratio of Plug Power Inc to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.26x | $-410.19 Million | $-535.84 Million | $1.59 Billion | ▼ -17.3% |
| 2024 | -0.22x | $-394.39 Million | $-728.64 Million | $1.80 Billion | ▼ -7.3% |
| 2023 | -0.20x | $-410.44 Million | $-1.11 Billion | $2.00 Billion | ▼ -122.3% |
| 2022 | -0.09x | $-156.96 Million | $-620.83 Million | $1.70 Billion | ▲ +24.9% |
| 2021 | -0.12x | $-164.91 Million | $-358.18 Million | $1.34 Billion | ▲ +10.3% |
| 2020 | -0.14x | $-105.25 Million | $-155.48 Million | $769.83 Million | ▼ -120.9% |
| 2019 | -0.06x | $-41.11 Million | $-53.32 Million | $664.16 Million | ▲ +38.1% |
| 2018 | -0.10x | $-38.78 Million | $-58.35 Million | $387.61 Million | ▼ -24.7% |
| 2017 | -0.08x | $-15.82 Million | $-60.18 Million | $197.16 Million | ▼ -143.9% |
| 2016 | 0.18x | $28.44 Million | $-29.64 Million | $155.74 Million | ▲ +135.4% |
| 2015 | -0.52x | $-43.75 Million | $-47.27 Million | $84.72 Million | ▲ +37.6% |
| 2014 | -0.83x | $-39.37 Million | $-40.78 Million | $47.60 Million | ▼ -64.5% |
| 2013 | -0.50x | $-26.77 Million | $-26.88 Million | $53.23 Million | ▲ +38.8% |
| 2012 | -0.82x | $-20.09 Million | $-20.16 Million | $24.43 Million | ▲ +31.6% |
| 2011 | -1.20x | $-31.98 Million | $-33.31 Million | $26.62 Million | ▲ +50.7% |
| 2010 | -2.44x | $-39.67 Million | $-40.77 Million | $16.26 Million | ▼ -391.2% |
| 2009 | -0.50x | $-37.70 Million | $-38.23 Million | $75.92 Million | ▲ +25.1% |
| 2008 | -0.66x | $-55.18 Million | $-56.60 Million | $83.25 Million | ▲ +72.1% |
| 2007 | -2.38x | $-46.37 Million | $-49.31 Million | $19.49 Million | ▲ +28.9% |
| 2006 | -3.35x | $-44.83 Million | $-46.11 Million | $13.39 Million | ▼ -27.7% |
| 2005 | -2.62x | $-38.87 Million | $-39.87 Million | $14.83 Million | ▼ -29.0% |
| 2004 | -2.03x | $-32.28 Million | $-33.90 Million | $15.88 Million | ▲ +11.4% |
| 2003 | -2.29x | $-37.39 Million | $-38.02 Million | $16.30 Million | ▼ -2.9% |
| 2002 | -2.23x | $-35.63 Million | $-36.89 Million | $15.99 Million | ▲ +30.6% |
| 2001 | -3.21x | $-52.61 Million | $-55.29 Million | $16.37 Million | ▼ -0.3% |
| 2000 | -3.20x | $-53.50 Million | $-65.49 Million | $16.70 Million | ▼ -264.1% |
| 1999 | -0.88x | $-12.95 Million | $-23.74 Million | $14.72 Million | ▲ +55.1% |
| 1998 | -1.96x | $-5.10 Million | $-7.50 Million | $2.60 Million | — |