Plug Power Balance Sheet Health
Financial Health criteria checks 6/6
Plug Power has a total shareholder equity of $2.9B and total debt of $550.0M, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are $4.9B and $2.0B respectively.
Key information
19.0%
Debt to equity ratio
US$549.99m
Debt
Interest coverage ratio | n/a |
Cash | US$135.03m |
Equity | US$2.90b |
Total liabilities | US$2.00b |
Total assets | US$4.90b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLUN's short term assets ($1.8B) exceed its short term liabilities ($964.8M).
Long Term Liabilities: PLUN's short term assets ($1.8B) exceed its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: PLUN's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: PLUN's debt to equity ratio has reduced from 341.1% to 19% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PLUN has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PLUN is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.