Plug Power Balance Sheet Health
Financial Health criteria checks 6/6
Plug Power has a total shareholder equity of $3.0B and total debt of $574.5M, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are $4.7B and $1.7B respectively.
Key information
19.0%
Debt to equity ratio
US$574.51m
Debt
| Interest coverage ratio | n/a |
| Cash | US$93.94m |
| Equity | US$3.03b |
| Total liabilities | US$1.70b |
| Total assets | US$4.72b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLUN's short term assets ($1.6B) exceed its short term liabilities ($786.9M).
Long Term Liabilities: PLUN's short term assets ($1.6B) exceed its long term liabilities ($908.6M).
Debt to Equity History and Analysis
Debt Level: PLUN's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: PLUN's debt to equity ratio has reduced from 2382% 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 2 months based on free cash flow estimates, but has since raised additional capital.