PLUGCAUTIOUS

PLUG Debt-to-Equity Ratio Analysis

1.00x

Higher than 70% of Industrials sector peers

Updated 681h ago·SEC filings & market data

Key Takeaway

At 1.00x, the debt-to-equity ratio shows that for every $1 of shareholder equity, PLUG carries $1 of debt, meaning lenders and shareholders are equally funding the company’s assets.

Sector Performance

70th percentile

PLUG

1.00x

Sector Median

0.62x

Sector Avg

0.69x

Prior Period

1.35x(May 2026)

↑ Improving

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Deep Analysis

At 1.00x, the debt-to-equity ratio shows that for every $1 of shareholder equity, PLUG carries $1 of debt, meaning lenders and shareholders are equally funding the company’s assets.

This is above the Industrials sector median of 0.71x, placing PLUG in the 63rd percentile among peers, so its leverage is higher than most comparable companies. The trend data is N/A, with no year-over-year change and no quarter-over-quarter change available, so there is no evidence of whether leverage is rising or falling. The combination of a debt level above the sector median with no trend history implies that current risk is elevated, but the lack of directional data prevents a clear assessment of whether that risk is increasing or easing. This metric supports the overall CAUTIOUS verdict, as the higher-than-median debt-to-equity ratio points to greater financial vulnerability relative to peers. Given the missing trend, the ratio itself is a cautionary signal, reinforcing the need for careful monitoring.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about PLUG?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

How does PLUG's Debt-to-Equity Ratio compare to its sector?

PLUG's Debt-to-Equity Ratio of 1.00x compares to a Industrials sector median of 0.62x, placing it in the 70th percentile.

Who are PLUG's closest peers by Debt-to-Equity Ratio?

The closest Industrials peers by Debt-to-Equity Ratio include: PWR (0.63x), ADP (0.63x), ROP (0.61x), RTX (0.56x), CHRW (0.79x).

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Learn More About Debt-to-Equity Ratio

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Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.