Plug Power Inc (PLUG) — Working Capital to Net Assets Ratio
Plug Power Inc (PLUG) has a Working Capital to Net Assets ratio of 94.9% as of March 2026. Working capital of $734.08 Million (current assets of $1.27 Billion minus current liabilities of $540.71 Million) is measured against net assets of $773.89 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Plug Power Inc balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Plug Power Inc Working Capital to Net Assets (1998–2025)
This chart shows how Plug Power Inc's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of March 2026, the ratio stands at 94.9%, reflecting working capital of $734.08 Million against net assets of $773.89 Million USD. Check Plug Power Inc (PLUG) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Plug Power Inc (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Plug Power Inc from 1998 to 2025, covering 28 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Plug Power Inc (PLUG) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 79.7% | $799.68 Million | $1.00 Billion | $1.41 Billion | $610.59 Million | ▲ +39.4 pp |
| 2024 | 40.3% | $729.00 Million | $1.81 Billion | $1.48 Billion | $748.49 Million | ▲ +12.0 pp |
| 2023 | 28.4% | $822.16 Million | $2.90 Billion | $1.79 Billion | $964.80 Million | ▼ -37.4 pp |
| 2022 | 65.8% | $2.67 Billion | $4.06 Billion | $3.31 Billion | $635.27 Million | ▼ -21.7 pp |
| 2021 | 87.5% | $4.03 Billion | $4.61 Billion | $4.45 Billion | $420.55 Million | ▼ -2.3 pp |
| 2020 | 89.7% | $526.07 Million | $586.26 Million | $778.28 Million | $252.21 Million | ▲ +1.3 pp |
| 2019 | 88.4% | $207.34 Million | $234.56 Million | $394.92 Million | $187.57 Million | ▼ -252.4 pp |
| 2018 | 340.8% | $9.24 Million | $2.71 Million | $155.62 Million | $146.37 Million | ▲ +335.5 pp |
| 2017 | 5.3% | $3.89 Million | $73.65 Million | $119.61 Million | $115.72 Million | ▼ -47.0 pp |
| 2016 | 52.2% | $44.45 Million | $85.09 Million | $110.93 Million | $66.48 Million | ▼ -18.7 pp |
| 2015 | 71.0% | $88.52 Million | $124.74 Million | $131.23 Million | $42.71 Million | ▼ -34.6 pp |
| 2014 | 105.5% | $167.04 Million | $158.28 Million | $192.75 Million | $25.71 Million | ▲ +167.7 pp |
| 2013 | -62.2% | $11.11 Million | $-17.87 Million | $23.71 Million | $12.60 Million | ▼ -108.1 pp |
| 2012 | 45.9% | $6.90 Million | $15.03 Million | $23.94 Million | $17.04 Million | ▼ -20.9 pp |
| 2011 | 66.9% | $19.41 Million | $29.04 Million | $39.49 Million | $20.08 Million | ▲ +11.7 pp |
| 2010 | 55.1% | $23.66 Million | $42.91 Million | $38.68 Million | $15.02 Million | ▼ -12.9 pp |
| 2009 | 68.0% | $60.01 Million | $88.27 Million | $133.50 Million | $73.49 Million | ▼ -0.5 pp |
| 2008 | 68.5% | $86.17 Million | $125.86 Million | $168.11 Million | $81.93 Million | ▲ +2.6 pp |
| 2007 | 65.9% | $163.91 Million | $248.90 Million | $178.82 Million | $14.91 Million | ▼ -24.8 pp |
| 2006 | 90.7% | $267.00 Million | $294.53 Million | $279.28 Million | $12.28 Million | ▲ +14.2 pp |
| 2005 | 76.4% | $95.51 Million | $124.95 Million | $105.68 Million | $10.17 Million | ▲ +13.7 pp |
| 2004 | 62.7% | $64.07 Million | $102.11 Million | $74.96 Million | $10.89 Million | ▼ -6.1 pp |
| 2003 | 68.8% | $99.29 Million | $144.29 Million | $110.28 Million | $11.00 Million | ▲ +7.5 pp |
| 2002 | 61.4% | $56.88 Million | $92.70 Million | $67.14 Million | $10.26 Million | ▼ -5.6 pp |
| 2001 | 66.9% | $90.37 Million | $135.00 Million | $100.56 Million | $10.20 Million | ▲ +4.8 pp |
| 2000 | 62.1% | $83.35 Million | $134.13 Million | $93.34 Million | $9.99 Million | ▼ -21.9 pp |
| 1999 | 84.0% | $169.21 Million | $201.41 Million | $177.41 Million | $8.20 Million | ▲ +34.9 pp |
| 1998 | 49.1% | $2.70 Million | $5.50 Million | $5.30 Million | $2.60 Million | — |