Plug Power Inc (PLUG) - Total Assets
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. See Plug Power Inc net assets for net asset value and shareholders' equity analysis.
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.
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. For live market cap, price, and company overview, see Plug Power Inc (PLUG) total market value.
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 |
|---|---|---|
|
BizLink Holding Inc
TW:3665
|
Taiwan | NT$75.46 Billion |
|
Ecopro BM. Co. Ltd
KQ:247540
|
Korea | ₩4.62 Trillion |
|
Delta Electronics (Thailand) Public Company Limited
F:NVAW
|
Germany | €154.13 Billion |
|
China XD Electric Co Ltd
SHG:601179
|
China | CN¥47.66 Billion |
|
Wolong Electric Group Co Ltd
SHG:600580
|
China | CN¥25.17 Billion |
|
Nantong Jianghai Capacitor Co Ltd
SHE:002484
|
China | CN¥8.78 Billion |
|
Hunan Changyuan Lico Co Ltd
SHG:688779
|
China | CN¥14.12 Billion |
|
Jiangxi Special Electric Motor Co Ltd
SHE:002176
|
China | CN¥6.01 Billion |
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 (0.73x), 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 | -- |
About 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