Plug Power Inc (PLUG) — Working Capital to Net Assets Ratio
Plug Power Inc (PLUG) has a Working Capital to Net Assets ratio of 111.1% as of June 2026. Working capital of $652.45 Million (current assets of $1.15 Billion minus current liabilities of $493.88 Million) is measured against net assets of $587.29 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Plug Power Inc (PLUG) defensive interval to measure how many days the company can operate on defensive assets alone.
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 June 2026, the ratio stands at 111.1%, reflecting working capital of $652.45 Million against net assets of $587.29 Million USD. For the complete balance sheet picture, see Plug Power Inc asset portfolio.
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. Check how resilient are Plug Power Inc's assets to evaluate the company's liquid asset resilience ratio.
| 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 | — |