Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 37.54% is 68% above its 5-year average of 22.29%, near the high end of its 5-year range (12.19%–42.66%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.20% above its 12-month average of 36.03%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
37.54%
DEBT TO ASSETS RATIO AVG TTM
36.03%
DEBT TO ASSETS RATIO AVG 3Y
27.22%
DEBT TO ASSETS RATIO AVG 5Y
22.29%
DEBT TO ASSETS RATIO AVG 10Y
34.17%
DEBT TO ASSETS RATIO AVG 15Y
24.63%
DEBT TO ASSETS RATIO AVG 20Y
22.17%
CURRENT VS TTM AVG
+4.20%
CURRENT VS 3Y AVG
+37.92%
CURRENT VS 5Y AVG
+68.46%
CURRENT VS 10Y AVG
+9.86%
CURRENT VS 15Y AVG
+52.44%
CURRENT VS 20Y AVG
+69.30%
SECTOR MEDIAN · INDUSTRIALS
0.28%
median of 132 covered companies
CURRENT VS SECTOR MEDIAN
+13307.32%
vs the sector median at left
Plug Power Inc.
Market Cap
$3.03B
Debt to Assets Ratio
37.54%
TTM Avg
36.03%
3Y Avg
27.22%
5Y Avg
22.29%
Market Cap
$2.77B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.35B
Debt to Assets Ratio
0.63%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.33B
Debt to Assets Ratio
0.30%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.00B
Debt to Assets Ratio
0.07%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.94B
Debt to Assets Ratio
0.23%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.24B
Debt to Assets Ratio
0.24%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Plug Power Inc. (PLUG) | $3.03B | 37.54% | 36.03% | 27.22% | 22.29% |
| Teekay Tankers Ltd. (TNK)vs › | $2.88B | 0.01% | N/A | N/A | N/A |
| NuScale Power Corporation (SMR)vs › | $2.77B | 0.00% | N/A | N/A | N/A |
| Trinity Industries, Inc. (TRN)vs › | $2.35B | 0.63% | N/A | N/A | N/A |
| Werner Enterprises, Inc. (WERN)vs › | $2.33B | 0.30% | N/A | N/A | N/A |
| Preformed Line Products Company (PLPC)vs › | $2.00B | 0.07% | N/A | N/A | N/A |
| Enerpac Tool Group Corp. (EPAC)vs › | $1.94B | 0.23% | N/A | N/A | N/A |
| Primoris Services Corporation (PRIM)vs › | $4.24B | 0.24% | N/A | N/A | N/A |
| Allient Inc. (ALNT)vs › | $1.58B | 0.33% | N/A | N/A | N/A |
| FuelCell Energy, Inc. (FCEL)vs › | $1.52B | 0.16% | N/A | N/A | N/A |
Debt/Assets
37.5%
Debt/Equity
1.41
Current Ratio
2.32
Interest Coverage
-10.4x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 37.54% |
| 2026-03-31 | 42.66% |
| 2025-12-31 | 38.43% |
| 2025-09-30 | 31.93% |
| 2025-06-30 | 29.58% |
| 2025-03-31 | 27.16% |
| 2024-12-31 | 29.94% |
| 2024-09-30 | 19.65% |
| 2024-06-30 | 19.16% |
| 2024-03-31 | 19.60% |
| 2023-12-31 | 22.97% |
| 2023-09-30 | 17.85% |
| 2023-06-30 | 17.38% |
| 2023-03-31 | 16.31% |
| 2022-12-31 | 15.59% |
| 2022-09-30 | 15.29% |
| 2022-06-30 | 14.34% |
| 2022-03-31 | 14.10% |
| 2021-12-31 | 13.62% |
| 2021-09-30 | 12.72% |
| 2021-06-30 | 12.19% |
| 2021-03-31 | 11.55% |
| 2020-12-31 | 41.30% |
| 2020-09-30 | 38.59% |
| 2020-06-30 | 52.82% |
| 2020-03-31 | 72.68% |
| 2019-12-31 | 58.62% |
| 2019-09-30 | 81.54% |
| 2019-06-30 | 77.63% |
| 2019-03-31 | 72.05% |
| 2018-12-31 | 69.82% |
| 2018-09-30 | 68.17% |
| 2018-06-30 | 58.22% |
| 2018-03-31 | 53.29% |
| 2017-12-31 | 38.30% |
| 2017-09-30 | 36.05% |
| 2017-06-30 | 29.43% |
| 2017-03-31 | 33.54% |
| 2016-12-31 | 28.38% |
| 2016-09-30 | 30.93% |
| 2016-06-30 | 27.56% |
| 2016-03-31 | 18.40% |
| 2015-12-31 | 7.07% |
| 2015-09-30 | 4.72% |
| 2015-06-30 | 1.42% |
| 2015-03-31 | 1.48% |
| 2014-12-31 | 1.46% |
| 2014-09-30 | 1.52% |
| 2014-06-30 | 1.54% |
| 2014-03-31 | 3.79% |
| 2013-12-31 | 10.74% |
| 2013-09-30 | 9.95% |
| 2013-06-30 | 11.44% |
| 2013-03-31 | 11.69% |
| 2012-12-31 | 13.52% |
| 2012-09-30 | 2.19% |
| 2012-06-30 | 0.00% |
| 2012-03-31 | 0.00% |
| 2011-12-31 | 9.71% |
| 2011-09-30 | 0.00% |
| 2011-06-30 | 0.00% |
| 2011-03-31 | 0.00% |
| 2010-12-31 | 0.02% |
| 2010-09-30 | 1.92% |
| 2010-06-30 | 25.49% |
| 2010-03-31 | 36.64% |
| 2009-12-31 | 37.12% |
| 2009-09-30 | 35.38% |
| 2009-06-30 | 34.84% |
| 2009-03-31 | 33.07% |
| 2008-12-31 | 30.07% |
| 2008-09-30 | 0.00% |
| 2008-06-30 | 0.00% |
| 2008-03-31 | 0.00% |
| 2007-12-31 | 0.00% |
| 2007-09-30 | 0.00% |
| 2007-06-30 | 0.00% |
| 2007-03-31 | 0.00% |
| 2006-12-31 | 0.00% |
| 2006-09-30 | 1.25% |
| 2006-06-30 | 1.22% |
| 2006-03-31 | 3.19% |
| 2005-12-31 | 2.95% |
| 2005-09-30 | 2.82% |
| 2005-06-30 | 4.58% |
| 2005-03-31 | 4.16% |
| 2004-12-31 | 3.75% |
| 2004-09-30 | 3.69% |
| 2004-06-30 | 3.43% |
| 2004-03-31 | 3.19% |
| 2003-12-31 | 2.93% |
| 2003-09-30 | 4.27% |
| 2003-06-30 | 3.95% |
| 2003-03-31 | 3.57% |
| 2002-12-31 | 4.58% |
| 2002-09-30 | 4.44% |
