Total Debt for Plug Power (PLUG)
According to Plug Power's latest reported financial statements, the company's latest reported total debt is $997.17M USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
PLUG
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Latest period
$997.17M
YoY change
-7.6%
5Y CAGR
+12.2%
Peak year (2023)
$1.13B
Latest annual
$997.17M
Total Debt history chart for Plug Power (PLUG) from 1998 to 2025
Total Debt history table for Plug Power (PLUG) from 1998 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $997.17M | -7.6% | ||
| 2024 | $1.08B | -4.2% | ||
| 2023 | $1.13B | +25.3% | ||
| 2022 | $898.73M | +10.9% | ||
| 2021 | $810.15M | +44.6% | ||
| 2020 | $560.10M | +6.3% | ||
| 2019 | $526.79M | +93.3% | ||
| 2018 | $272.52M | +162.8% | ||
| 2017 | $103.71M | +51.7% | ||
| 2016 | $68.35M | +361.5% | ||
| 2015 | $14.81M | +391.5% | ||
| 2014 | $3.01M | -20.7% | ||
| 2013 | $3.80M | -28.8% | ||
| 2012 | $5.34M | -1.3% | ||
| 2011 | $5.41M | +54190.0% | ||
| 2010 | $9,956 | -100.0% | ||
| 2009 | $60.94M | -3.1% | ||
| 2008 | $62.88M | — | ||
| 2007 | $0 | — | ||
| 2006 | $0 | -100.0% | ||
| 2005 | $4.13M | -6.7% | ||
| 2004 | $4.43M | -6.1% | ||
| 2003 | $4.71M | -5.3% | ||
| 2002 | $4.97M | -6.8% | ||
| 2001 | $5.34M | -6.7% | ||
| 2000 | $5.72M | -5.8% | ||
| 1999 | $6.07M | — | ||
| 1998 | $0 | — |
Total Debt values are taken from Plug Power's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Plug Power (PLUG) reported total debt of $997.17M – declined 7.6% year-over-year.
Through 2020–2025 (5 years), Plug Power total debt delivered a +12.2% annualised rate; with the latest reading among the more recent periods of the dataset.
Across the available history, total debt reached its high of $1.13B in 2023 and its low of $0 in 1998.
Within Industrials, Plug Power (PLUG) ranks 9th among 8 peers we track. The peer median for total debt is $37.04B.
Plug Power Total Debt by Year
Plug Power Total Debt 2025: $997.17M
Plug Power total debt in 2025 was $997.17M, declined 7.6% below 2024.
Plug Power Total Debt 2024: $1.08B
Plug Power total debt in 2024 was $1.08B, edged down 4.2% below 2023.
Plug Power Total Debt 2023: $1.13B
Plug Power total debt in 2023 was $1.13B, grew 25.3% from 2022. This figure represents the highest annual value in the available history.
Plug Power Total Debt 2022: $898.73M
Plug Power total debt in 2022 was $898.73M, grew 10.9% from 2021.
Plug Power Total Debt 2021: $810.15M
Plug Power total debt in 2021 was $810.15M.
See more financial history for Plug Power (PLUG).
Sector peers — Total Debt
Companies in the same sector as Plug Power, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Deere & Company (DE) | $63.94B | Industrials |
| The Boeing Company (BA) | $54.43B | Industrials |
| Caterpillar Inc. (CAT) | $43.33B | Industrials |
| RTX Corporation (RTX) | $39.51B | Industrials |
| Honeywell International Inc. (HON) | $34.58B | Industrials |
| Union Pacific Corporation (UNP) | $31.81B | Industrials |
| GE Aerospace (GE) | $20.49B | Industrials |
| Eaton Corporation plc (ETN) | $11.17B | Industrials |
Frequently asked questions
What is Plug Power's total debt?
- Latest reported total debt for Plug Power (PLUG) is $997.17M (period ending December 31, 2025).
How has Plug Power total debt changed year-over-year?
- Plug Power (PLUG) total debt changed -7.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Plug Power total debt?
- Plug Power (PLUG) total debt compound annual growth rate is +12.2% over the most recent 5 years available.
When did Plug Power total debt hit its highest annual value?
- Plug Power total debt reached its highest annual value of $1.13B in 2023.
What was Plug Power total debt in 2024?
- Plug Power (PLUG) total debt in 2024 was $1.08B.
What was Plug Power total debt in 2025?
- Plug Power (PLUG) total debt in 2025 was $997.17M.
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