Plug Power Inc Working Capital to Net Assets Ratio
Plug Power Inc 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. Check PLUG intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Plug Power Inc (1998–2025)
Working capital to net assets ratio of Plug Power Inc from 1998 to 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. See PLUG defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Plug Power Inc Working Capital to Net Assets Ratio by Year (1998–2025)
Plug Power Inc working capital to net assets ratio by year from 1998 to 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 the complete balance sheet picture, see Plug Power Inc balance sheet assets.
| 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 | — |