FuelCell Energy Inc (FCEL) — Net Asset Quality Index
FuelCell Energy Inc (FCEL) has a Net Asset Quality Index of 78.1% as of January 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $978.48 Million minus total liabilities of $214.48 Million yields net assets of $764.00 Million. A higher index indicates a stronger, lower-leverage balance sheet. Check financial resilience of FuelCell Energy Inc to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
FuelCell Energy Inc Net Asset Quality Index Over Time (1992–2025)
This chart shows how FuelCell Energy Inc's Net Asset Quality Index has evolved across 34 annual periods from 1992 to 2025. As of January 2026, the index stands at 78.1%, representing net assets of $764.00 Million against total assets of $978.48 Million USD. See FCEL net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for FuelCell Energy Inc (1992–2025)
The table below presents the year-by-year Net Asset Quality Index for FuelCell Energy Inc from 1992 to 2025, covering 34 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see FCEL stock market capitalisation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 78.4% | $731.14 Million | $932.15 Million | $201.00 Million | ▲ +1.4 pp |
| 2024 | 77.1% | $727.47 Million | $944.12 Million | $216.66 Million | ▼ -2.5 pp |
| 2023 | 79.6% | $760.30 Million | $955.52 Million | $195.22 Million | ▼ -0.7 pp |
| 2022 | 80.3% | $754.38 Million | $939.72 Million | $185.33 Million | ▼ -0.3 pp |
| 2021 | 80.6% | $705.33 Million | $875.25 Million | $169.92 Million | ▲ +32.0 pp |
| 2020 | 48.6% | $254.41 Million | $523.54 Million | $269.13 Million | ▲ +7.9 pp |
| 2019 | 40.7% | $135.59 Million | $333.45 Million | $197.85 Million | ▼ -11.3 pp |
| 2018 | 52.0% | $176.92 Million | $340.42 Million | $163.50 Million | ▲ +2.8 pp |
| 2017 | 49.2% | $188.81 Million | $383.79 Million | $194.97 Million | ▼ -1.7 pp |
| 2016 | 50.9% | $174.25 Million | $342.14 Million | $167.88 Million | ▼ -4.8 pp |
| 2015 | 55.8% | $154.61 Million | $277.23 Million | $122.62 Million | ▼ -0.6 pp |
| 2014 | 56.4% | $158.31 Million | $280.64 Million | $122.33 Million | ▲ +36.8 pp |
| 2013 | 19.6% | $46.66 Million | $237.64 Million | $190.97 Million | ▼ -19.0 pp |
| 2012 | 38.6% | $73.98 Million | $191.49 Million | $117.50 Million | ▲ +46.5 pp |
| 2011 | -7.8% | $-14.38 Million | $183.63 Million | $198.00 Million | ▼ -12.9 pp |
| 2010 | 5.1% | $7.69 Million | $150.53 Million | $142.84 Million | ▼ -23.4 pp |
| 2009 | 28.5% | $46.32 Million | $162.69 Million | $116.37 Million | ▼ -4.1 pp |
| 2008 | 32.5% | $60.37 Million | $185.48 Million | $125.11 Million | ▼ -25.1 pp |
| 2007 | 57.6% | $145.91 Million | $253.19 Million | $107.28 Million | ▲ +3.7 pp |
| 2006 | 53.9% | $111.46 Million | $206.65 Million | $95.19 Million | ▲ +0.3 pp |
| 2005 | 53.7% | $142.48 Million | $265.52 Million | $123.04 Million | ▼ -36.4 pp |
| 2004 | 90.0% | $212.96 Million | $236.51 Million | $23.55 Million | ▼ -1.8 pp |
| 2003 | 91.8% | $205.09 Million | $223.36 Million | $18.28 Million | ▼ -1.9 pp |
| 2002 | 93.8% | $271.70 Million | $289.80 Million | $18.10 Million | ▼ -2.0 pp |
| 2001 | 95.7% | $319.72 Million | $334.02 Million | $14.30 Million | ▲ +4.1 pp |
| 2000 | 91.7% | $83.44 Million | $91.03 Million | $7.59 Million | ▲ +15.9 pp |
| 1999 | 75.8% | $15.00 Million | $19.80 Million | $4.80 Million | ▲ +4.5 pp |
| 1998 | 71.3% | $19.10 Million | $26.80 Million | $7.70 Million | ▲ +2.1 pp |
| 1997 | 69.2% | $14.80 Million | $21.40 Million | $6.60 Million | ▲ +9.2 pp |
| 1996 | 60.0% | $14.10 Million | $23.50 Million | $9.40 Million | ▲ +8.7 pp |
| 1995 | 51.3% | $12.20 Million | $23.80 Million | $11.60 Million | ▼ -0.7 pp |
| 1994 | 52.0% | $11.70 Million | $22.50 Million | $10.80 Million | ▼ -3.1 pp |
| 1993 | 55.1% | $11.40 Million | $20.70 Million | $9.30 Million | ▲ +3.4 pp |
| 1992 | 51.6% | $11.10 Million | $21.50 Million | $10.40 Million | — |