Plug Power Inc (PLUG) - Total Assets
Based on the latest financial reports, Plug Power Inc (PLUG) holds total assets worth $2.37 Billion USD as of March 2026. 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. Explore PLUG working capital efficiency to assess how much short-term liquidity the company maintains relative to its equity base.
Plug Power Inc - Total Assets Trend (1998–2025)
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 2025)
Plug Power Inc's total assets of $2.37 Billion consist of 54.4% current assets and 45.7% non-current assets. Also see Plug Power Inc stock valuation for the company's overall valuation and market capitalisation.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 21.4% |
| Accounts Receivable | $240.03 Million | 9.3% |
| Inventory | $520.97 Million | 20.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $29.23 Million | 1.1% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1998–2025)
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. See PLUG stock price for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Plug Power Inc's current assets represent 54.4% of total assets in 2025, a decrease from 65.4% in 1998.
- Cash Position: Cash and equivalents constituted 21.4% of total assets in 2025, down from 49.4% in 1998.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, an increase from 0.0% in 1998.
- Asset Diversification: The largest asset category is inventory at 20.1% 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 |
|---|---|---|
|
Gongniu Group Co Ltd
SHG:603195
|
China | CN¥21.27 Billion |
|
Beijing Sifang Automation Co Ltd
SHG:601126
|
China | CN¥10.88 Billion |
|
XTC New Energy Materials Xiamen Co Ltd
SHG:688778
|
China | CN¥22.70 Billion |
|
Hangzhou Zhongheng Electric Co Ltd
SHE:002364
|
China | CN¥3.90 Billion |
|
Ningbo Ronbay New Energy Tech Ltd
SHG:688005
|
China | CN¥23.96 Billion |
|
Hangzhou Cable
SHG:603618
|
China | CN¥10.85 Billion |
|
Changshu Tianyin Electromechan
SHE:300342
|
China | CN¥2.09 Billion |
|
Amprius Technologies Inc.
NYSE:AMPX
|
USA | $130.78 Million |
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 | 2.36 | 1.95 | 19.78 |
| Quick Ratio | 1.40 | 1.07 | 18.94 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $734.08 Million | $745.53 Million | $4.72 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 | 4.45 |
| Latest Market Cap to Assets Ratio | 1.13 |
| Asset Growth Rate (YoY) | -28.0% |
| Total Assets | $2.59 Billion |
| Market Capitalization | $2.94 Billion USD |
Valuation Analysis
Above Book Valuation: The market values Plug Power Inc's assets above their book value (1.13x), reflecting positive investor sentiment about the company's future prospects.
Significant Asset Reduction: Plug Power Inc's assets decreased by 28.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Plug Power Inc (1998–2025)
The table below shows the annual total assets of Plug Power Inc from 1998 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $2.59 Billion | -27.99% |
| 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. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. The company offers GenDrive, a hydrogen fueled PEM fuel cell system, which powers material handling EVs, including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment; GenFuel, a liquid hydrogen fueling, delivery, genera… Read more