Plug Power Inc (PLUG) — Net Asset Quality Index
Plug Power Inc (PLUG) has a Net Asset Quality Index of 32.7% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $2.37 Billion minus total liabilities of $1.59 Billion yields net assets of $773.89 Million. A higher index indicates a stronger, lower-leverage balance sheet. See PLUG cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Plug Power Inc Net Asset Quality Index Over Time (1998–2025)
This chart shows how Plug Power Inc's Net Asset Quality Index has evolved across 28 annual periods from 1998 to 2025. As of March 2026, the index stands at 32.7%, representing net assets of $773.89 Million against total assets of $2.37 Billion USD. Explore cash flow conversion of Plug Power Inc to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Plug Power Inc (1998–2025)
The table below presents the year-by-year Net Asset Quality Index for Plug Power Inc from 1998 to 2025, covering 28 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 Plug Power Inc market capitalisation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 38.7% | $1.00 Billion | $2.59 Billion | $1.59 Billion | ▼ -11.5 pp |
| 2024 | 50.2% | $1.81 Billion | $3.60 Billion | $1.80 Billion | ▼ -8.9 pp |
| 2023 | 59.1% | $2.90 Billion | $4.90 Billion | $2.00 Billion | ▼ -11.3 pp |
| 2022 | 70.4% | $4.06 Billion | $5.76 Billion | $1.70 Billion | ▼ -7.0 pp |
| 2021 | 77.4% | $4.61 Billion | $5.95 Billion | $1.34 Billion | ▲ +34.2 pp |
| 2020 | 43.2% | $586.26 Million | $1.36 Billion | $769.83 Million | ▲ +17.1 pp |
| 2019 | 26.1% | $234.56 Million | $898.72 Million | $664.16 Million | ▲ +25.4 pp |
| 2018 | 0.7% | $2.71 Million | $390.33 Million | $387.61 Million | ▼ -26.5 pp |
| 2017 | 27.2% | $73.65 Million | $270.81 Million | $197.16 Million | ▼ -8.1 pp |
| 2016 | 35.3% | $85.09 Million | $240.83 Million | $155.74 Million | ▼ -24.2 pp |
| 2015 | 59.6% | $124.74 Million | $209.46 Million | $84.72 Million | ▼ -17.3 pp |
| 2014 | 76.9% | $158.28 Million | $205.88 Million | $47.60 Million | ▲ +127.4 pp |
| 2013 | -50.5% | $-17.87 Million | $35.36 Million | $53.23 Million | ▼ -88.6 pp |
| 2012 | 38.1% | $15.03 Million | $39.46 Million | $24.43 Million | ▼ -14.1 pp |
| 2011 | 52.2% | $29.04 Million | $55.66 Million | $26.62 Million | ▼ -20.3 pp |
| 2010 | 72.5% | $42.91 Million | $59.18 Million | $16.26 Million | ▲ +18.8 pp |
| 2009 | 53.8% | $88.27 Million | $164.18 Million | $75.92 Million | ▼ -6.4 pp |
| 2008 | 60.2% | $125.86 Million | $209.11 Million | $83.25 Million | ▼ -32.5 pp |
| 2007 | 92.7% | $248.90 Million | $268.39 Million | $19.49 Million | ▼ -2.9 pp |
| 2006 | 95.7% | $294.53 Million | $307.92 Million | $13.39 Million | ▲ +6.3 pp |
| 2005 | 89.4% | $124.95 Million | $139.78 Million | $14.83 Million | ▲ +2.9 pp |
| 2004 | 86.5% | $102.11 Million | $118.00 Million | $15.88 Million | ▼ -3.3 pp |
| 2003 | 89.8% | $144.29 Million | $160.59 Million | $16.30 Million | ▲ +4.6 pp |
| 2002 | 85.3% | $92.70 Million | $108.68 Million | $15.99 Million | ▼ -3.9 pp |
| 2001 | 89.2% | $135.00 Million | $151.37 Million | $16.37 Million | ▲ +0.3 pp |
| 2000 | 88.9% | $134.13 Million | $150.83 Million | $16.70 Million | ▼ -4.3 pp |
| 1999 | 93.2% | $201.41 Million | $216.13 Million | $14.72 Million | ▲ +25.3 pp |
| 1998 | 67.9% | $5.50 Million | $8.10 Million | $2.60 Million | — |