FuelCell Energy (FCEL) Debt/Assets Ratio: History & Chart

FuelCell Energy, Inc.(FCEL)

Electrical Equipment & Parts · Danbury, CT

$19.07-0.22 (-1.14%)

Delayed quote: Aug 26, 2026, 4:00 PM EDT

About FuelCell Energy, Inc.

FuelCell Energy, Inc., alongside its subsidiaries, is involved in the complete lifecycle of stationary fuel cell power plants, covering their design, manufacturing, sales, installation, continuous operation, and servicing. These systems are developed for decentralized, consistent baseload electricity generation. The company offers a range of SureSource platforms: the 1.4-megawatt (MW) SureSource 1500, the 2.8 MW SureSource 3000, the 3.7 MW SureSource 4000, the 250-kilowatt (kW) SureSource 250, and the 400 kW SureSource 400. A prominent product is the 2.3 MW SureSource Hydrogen platform, engineered to produce up to 1,200 kilograms of hydrogen daily, serving applications in multi-megawatt utilities, microgrids, distributed hydrogen, and on-site heating and cooling. Furthermore, FuelCell Energy provides the SureSource Capture system, designed to separate and concentrate carbon dioxide from the flue gases emitted by natural gas, biomass, or coal-fired power plants, as well as industrial facilities. Their technological capabilities also include solid oxide fuel cell and solid oxide electrolysis cell stack technologies. The SureSource power plants fundamentally generate clean electricity, useful thermal energy, water, and hydrogen. The company's service portfolio is extensive, featuring engineering, procurement, and construction (EPC) services, along with project financing. Post-installation support includes real-time monitoring, remote operational management, an online support system, preventative maintenance, parts and supplies, on-site and classroom training, and power plant refurbishment or recycling services. Technical support is also available for optimizing plant operation, performance, and fuel processing. FuelCell Energy serves a diverse clientele across various markets, including public utilities and independent power producers, industrial and process applications, educational and healthcare facilities, data centers and communication networks, wastewater treatment plants, government entities, microgrid developers, the food and beverage industry, and the commercial and hospitality sectors. The company's primary operational regions encompass the United States, South Korea, England, Germany, and Switzerland. Founded in 1969, FuelCell Energy, Inc. is headquartered in Danbury, Connecticut.

Danbury, CT

629 employees

www.fuelcellenergy.com

Industrials / Electrical Equipment & Parts

Sector: Industrials
Industry: Electrical Equipment & Parts
CEO: Jason Few

View full financials

FCEL Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

15.90%

DEBT TO ASSETS RATIO AVG TTM

16.57%

DEBT TO ASSETS RATIO AVG 3Y

16.17%

DEBT TO ASSETS RATIO AVG 5Y

13.97%

DEBT TO ASSETS RATIO AVG 10Y

20.99%

DEBT TO ASSETS RATIO AVG 15Y

17.30%

DEBT TO ASSETS RATIO AVG 20Y

12.24%

CURRENT VS TTM AVG

-4.05%

CURRENT VS 3Y AVG

-1.64%

CURRENT VS 5Y AVG

+13.78%

CURRENT VS 10Y AVG

-24.25%

CURRENT VS 15Y AVG

-8.11%

CURRENT VS 20Y AVG

+29.91%

SECTOR MEDIAN · INDUSTRIALS

0.28%

median of 132 covered companies

CURRENT VS SECTOR MEDIAN

+5578.81%

vs the sector median at left

NAME	MARKET CAP	DEBT TO ASSETS RATIO	TTM	3Y	5Y
FuelCell Energy, Inc. (FCEL)	$1.52B	15.90%	16.57%	16.17%	13.97%
Allient Inc. (ALNT)vs ›	$1.58B	0.33%	N/A	N/A	N/A
Red Cat Holdings, Inc. (RCAT)vs ›	$1.36B	0.05%	N/A	N/A	N/A
T1 Energy Inc (TE)vs ›	$1.26B	0.47%	N/A	N/A	N/A
Ameresco, Inc. (AMRC)vs ›	$1.18B	0.42%	N/A	N/A	N/A
Enerpac Tool Group Corp. (EPAC)vs ›	$1.94B	0.23%	N/A	N/A	N/A
Upwork Inc. (UPWK)vs ›	$1.07B	0.29%	N/A	N/A	N/A
Preformed Line Products Company (PLPC)vs ›	$2.00B	0.07%	N/A	N/A	N/A
Kforce Inc. (KFRC)vs ›	$1.02B	0.30%	N/A	N/A	N/A
Power Solutions International, Inc. (PSIX)vs ›	$844.57M	0.30%	N/A	N/A	N/A

NAME

MARKET CAP

DEBT TO ASSETS RATIO

TTM

FuelCell Energy, Inc. (FCEL)

$1.52B

15.90%

16.57%

16.17%

13.97%

Allient Inc. (ALNT)vs ›

$1.58B

0.33%

N/A

Red Cat Holdings, Inc. (RCAT)vs ›

$1.36B

0.05%

N/A

T1 Energy Inc (TE)vs ›

$1.26B

0.47%

N/A

Ameresco, Inc. (AMRC)vs ›

$1.18B

0.42%

N/A

Enerpac Tool Group Corp. (EPAC)vs ›

$1.94B

0.23%

N/A

Upwork Inc. (UPWK)vs ›

$1.07B

0.29%

N/A

Preformed Line Products Company (PLPC)vs ›

$2.00B

0.07%

N/A

Kforce Inc. (KFRC)vs ›

$1.02B

0.30%

N/A

Power Solutions International, Inc. (PSIX)vs ›

$844.57M

0.30%

N/A

Debt to Assets Ratio FAQ

What is the debt to assets ratio for FuelCell Energy, Inc. (FCEL)?

The debt to assets ratio for FCEL stock is 15.90%.

Is FuelCell Energy, Inc.'s debt to assets ratio high or low?

The debt to assets ratio of 15.90% is 14% above its 5-year average of 13.97%, near the high end of its 5-year range (10.22%–17.88%).

What is the TTM average debt to assets ratio for FuelCell Energy, Inc. (FCEL)?

The TTM average debt to assets ratio for FCEL stock is 16.57%.

What is the 3Y average debt to assets ratio for FuelCell Energy, Inc. (FCEL)?

The 3Y average debt to assets ratio for FCEL stock is 16.17%.

What is the 5Y average debt to assets ratio for FuelCell Energy, Inc. (FCEL)?

The 5Y average debt to assets ratio for FCEL stock is 13.97%.

What is the 10Y average debt to assets ratio for FuelCell Energy, Inc. (FCEL)?

The 10Y average debt to assets ratio for FCEL stock is 20.99%.

What is the 15Y average debt to assets ratio for FuelCell Energy, Inc. (FCEL)?

The 15Y average debt to assets ratio for FCEL stock is 17.30%.

What is the 20Y average debt to assets ratio for FuelCell Energy, Inc. (FCEL)?

The 20Y average debt to assets ratio for FCEL stock is 12.24%.

DATE	DEBT TO ASSETS RATIO
2026-04-30	15.90%
2026-01-31	16.61%
2025-10-31	15.44%
2025-07-31	17.88%
2025-04-30	17.02%
2025-01-31	16.77%
2024-10-31	16.57%
2024-07-31	15.64%
2024-04-30	16.51%
2024-01-31	14.89%
2023-10-31	14.57%
2023-07-31	12.16%
2023-04-30	10.48%
2023-01-31	10.22%
2022-10-31	11.10%
2022-07-31	10.64%
2022-04-30	10.37%
2022-01-31	11.68%
2021-10-31	11.18%
2021-07-31	10.42%
2021-04-30	17.41%
2021-01-31	18.45%
2020-10-31	34.91%
2020-07-31	44.86%
2020-04-30	50.97%
2020-01-31	46.26%
2019-10-31	33.61%
2019-07-31	34.06%
2019-04-30	33.52%
2019-01-31	30.57%
2018-10-31	26.21%
2018-07-31	25.62%
2018-04-30	25.27%
2018-01-31	22.36%
2017-10-31	23.98%
2017-07-31	29.02%
2017-04-30	28.78%
2017-01-31	28.09%
2016-10-31	25.20%
2016-07-31	17.17%
2016-04-30	18.21%
2016-01-31	10.72%
2015-10-31	7.34%
2015-07-31	6.92%
2015-04-30	6.08%
2015-01-31	5.11%
2014-10-31	5.28%
2014-07-31	5.31%
2014-04-30	6.92%
2014-01-31	18.31%
2013-10-31	25.08%
2013-07-31	22.90%
2013-04-30	7.42%
2013-01-31	6.01%
2012-10-31	4.77%
2012-07-31	4.65%
2012-04-30	4.23%
2012-01-31	5.39%
2011-10-31	4.99%
2011-07-31	2.32%
2011-04-30	5.14%
2011-01-31	3.58%
2010-10-31	3.34%
2010-07-31	3.25%
2010-04-30	3.79%
2010-01-31	3.34%
2009-10-31	3.32%
2009-07-31	3.60%
2009-04-30	3.93%
2009-01-31	3.20%
2008-10-31	2.63%
2008-07-31	1.85%
2008-04-30	0.84%
2008-01-31	0.59%
2007-10-31	0.61%
2007-07-31	0.61%
2007-04-30	0.57%
2007-01-31	0.75%
2006-10-31	0.64%
2006-07-31	0.42%
2006-04-30	0.45%
2006-01-31	0.49%
2005-10-31	0.53%
2005-07-31	0.55%
2005-04-30	0.56%
2005-01-31	0.57%
2004-10-31	0.85%
2004-07-31	0.84%
2004-04-30	0.73%
2004-01-31	0.85%
2003-10-31	0.81%
2003-07-31	0.80%
2003-04-30	0.74%
2003-01-31	0.70%
2002-10-31	0.68%
2002-07-31	0.67%

DATE

DEBT TO ASSETS RATIO

2026-04-30

15.90%

2026-01-31

16.61%

2025-10-31

15.44%

2025-07-31

17.88%

2025-04-30

17.02%

2025-01-31

16.77%

2024-10-31

16.57%

2024-07-31

15.64%

2024-04-30

16.51%

2024-01-31

14.89%

2023-10-31

14.57%

2023-07-31

12.16%

2023-04-30

10.48%

2023-01-31

10.22%

2022-10-31

11.10%

2022-07-31

10.64%

2022-04-30

10.37%

2022-01-31

11.68%

2021-10-31

11.18%

2021-07-31

10.42%

2021-04-30

17.41%

2021-01-31

18.45%

2020-10-31

34.91%

2020-07-31

44.86%

2020-04-30

50.97%

2020-01-31

46.26%

2019-10-31

33.61%

2019-07-31

34.06%

2019-04-30

33.52%

2019-01-31

30.57%

2018-10-31

26.21%

2018-07-31

25.62%

2018-04-30

25.27%

2018-01-31

22.36%

2017-10-31

23.98%

2017-07-31

29.02%

2017-04-30

28.78%

2017-01-31

28.09%

2016-10-31

25.20%

2016-07-31

17.17%

2016-04-30

18.21%

2016-01-31

10.72%

2015-10-31

7.34%

2015-07-31

6.92%

2015-04-30

6.08%

2015-01-31

5.11%

2014-10-31

5.28%

2014-07-31

5.31%

2014-04-30

6.92%

2014-01-31

18.31%

2013-10-31

25.08%

2013-07-31

22.90%

2013-04-30

7.42%

2013-01-31

6.01%

2012-10-31

4.77%

2012-07-31

4.65%

2012-04-30

4.23%

2012-01-31

5.39%

2011-10-31

4.99%

2011-07-31

2.32%

2011-04-30

5.14%

2011-01-31

3.58%

2010-10-31

3.34%

2010-07-31

3.25%

2010-04-30

3.79%

2010-01-31

3.34%

2009-10-31

3.32%

2009-07-31

3.60%

2009-04-30

3.93%

2009-01-31

3.20%

2008-10-31

2.63%

2008-07-31

1.85%

2008-04-30

0.84%

2008-01-31

0.59%

2007-10-31

0.61%

2007-07-31

0.61%

2007-04-30

0.57%

2007-01-31

0.75%

2006-10-31

0.64%

2006-07-31

0.42%

2006-04-30

0.45%

2006-01-31

0.49%

2005-10-31

0.53%

2005-07-31

0.55%

2005-04-30

0.56%

2005-01-31

0.57%

2004-10-31

0.85%

2004-07-31

0.84%

2004-04-30

0.73%

2004-01-31

0.85%

2003-10-31

0.81%

2003-07-31

0.80%

2003-04-30

0.74%

2003-01-31

0.70%

2002-10-31

0.68%

2002-07-31

0.67%

Debt to Assets Ratio: 15.90%

FCEL Debt to Assets Ratio

FCEL Average Debt to Assets Ratio Chart

FCEL Current vs Average Debt to Assets Ratio Chart

FCEL Debt to Assets Ratio Metrics

FCEL Competitors' Debt to Assets Ratio

Leverage Ratios Comparison

Debt to Assets Ratio Formula & Definition

Debt to Assets Ratio FAQ

FCEL Debt to Assets Ratio History

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