Plug Power Inc
Plug Power Inc. develops hydrogen fuel cells product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen fueled proton exchange membrane fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirem… Read more
Plug Power Inc (PLUG) - Total Assets
Latest total assets as of September 2025: $3.10 Billion USD
Based on the latest financial reports, Plug Power Inc (PLUG) holds total assets worth $3.10 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Plug Power Inc - Total Assets Trend (1998–2024)
This chart illustrates how Plug Power Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Plug Power Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Plug Power Inc's total assets of $3.10 Billion consist of 41.0% current assets and 59.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 5.7% |
| Accounts Receivable | $251.30 Million | 7.0% |
| Inventory | $682.64 Million | 19.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $84.66 Million | 2.4% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1998–2024)
This chart illustrates how Plug Power Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Plug Power Inc's current assets represent 41.0% of total assets in 2024, a decrease from 65.4% in 1998.
- Cash Position: Cash and equivalents constituted 5.7% of total assets in 2024, down from 49.4% in 1998.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 1998.
- Asset Diversification: The largest asset category is inventory at 19.0% of total assets.
Plug Power Inc Competitors by Total Assets
Key competitors of Plug Power Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
YM Tech Co. Ltd.
KQ:273640
|
Korea | ₩61.47 Billion |
|
T-Conn Precision Corporation
TWO:6833
|
Taiwan | NT$1.20 Billion |
|
Supercomnet Technologies Bhd
KLSE:0001
|
Malaysia | RM454.76 Million |
|
XJ Electric Co Ltd
SHE:000400
|
China | CN¥26.30 Billion |
|
Guangdong Macro Co Ltd
SHE:000533
|
China | CN¥2.88 Billion |
|
Shandong Sacred Sun Power Sources Co Ltd
SHE:002580
|
China | CN¥4.04 Billion |
|
Shandong Xinneng Taishan Power Generation Co Ltd
SHE:000720
|
China | CN¥5.21 Billion |
|
Huagong Tech Co Ltd
SHE:000988
|
China | CN¥21.08 Billion |
Plug Power Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Plug Power Inc generates 0.17x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Plug Power Inc is currently not profitable relative to its asset base.
Plug Power Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.32 | 2.08 | 7.21 |
| Quick Ratio | 0.70 | 0.95 | 6.58 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $288.37 Million | $ 847.08 Million | $ 1.38 Billion |
Plug Power Inc - Advanced Valuation Insights
This section examines the relationship between Plug Power Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.79 |
| Latest Market Cap to Assets Ratio | 0.73 |
| Asset Growth Rate (YoY) | -26.5% |
| Total Assets | $3.60 Billion |
| Market Capitalization | $2.63 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Plug Power Inc's assets below their book value (0.73 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Plug Power Inc's assets decreased by 26.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Plug Power Inc (1998–2024)
The table below shows the annual total assets of Plug Power Inc from 1998 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $3.60 Billion | -26.51% |
| 2023-12-31 | $4.90 Billion | -14.95% |
| 2022-12-31 | $5.76 Billion | -3.12% |
| 2021-12-31 | $5.95 Billion | +338.77% |
| 2020-12-31 | $1.36 Billion | +50.89% |
| 2019-12-31 | $898.72 Million | +130.25% |
| 2018-12-31 | $390.33 Million | +44.13% |
| 2017-12-31 | $270.81 Million | +12.45% |
| 2016-12-31 | $240.83 Million | +14.98% |
| 2015-12-31 | $209.46 Million | +1.74% |
| 2014-12-31 | $205.88 Million | +482.31% |
| 2013-12-31 | $35.36 Million | -10.40% |
| 2012-12-31 | $39.46 Million | -29.10% |
| 2011-12-31 | $55.66 Million | -5.95% |
| 2010-12-31 | $59.18 Million | -63.96% |
| 2009-12-31 | $164.18 Million | -21.48% |
| 2008-12-31 | $209.11 Million | -22.09% |
| 2007-12-31 | $268.39 Million | -12.84% |
| 2006-12-31 | $307.92 Million | +120.28% |
| 2005-12-31 | $139.78 Million | +18.46% |
| 2004-12-31 | $118.00 Million | -26.52% |
| 2003-12-31 | $160.59 Million | +47.76% |
| 2002-12-31 | $108.68 Million | -28.20% |
| 2001-12-31 | $151.37 Million | +0.36% |
| 2000-12-31 | $150.83 Million | -30.21% |
| 1999-12-31 | $216.13 Million | +2568.22% |
| 1998-12-31 | $8.10 Million | -- |