What is FuelCell Energy's debt-to-assets?

FuelCell Energy (FCEL) reported debt-to-assets of 0× in Q1 2026.

How has FuelCell Energy's debt-to-assets changed year-over-year?

FuelCell Energy's debt-to-assets increased by 1.3% year-over-year, from 0× to 0×.

What is the long-term trend for FuelCell Energy's debt-to-assets?

Over 5 years (2020 to 2025), FuelCell Energy's debt-to-assets has grown at a -12.9% compound annual growth rate (CAGR), from 0.1× to 0×.

What does debt-to-assets mean?

Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.

FuelCell Energy FCEL Debt-to-assets

Debt-to-assets at other companies

Plug PowerPLUG

0.1×0.0×

Bloom EnergyBE

0.6×+0.1×

ArganAGX

0×0.0×

Chart IndustriesGTLS

0.4×0.0×

Generac HoldingsGNRC

0.2×0.0×

OkloOKLO

0×0.0×

Other financials

Income statement

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Revenue$35.6M-4.9%

Gross profit-$12.9M-37.0%

Operating income-$77.9M-118%

Net income-$77.9M-105%

EPS (diluted)-$1.45+19.0%

Balance sheet

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Cash & equivalents$373.2M+222%

Total debt$30.2M+14.7%

Total equity$719.4M+18.1%

Total assets$1.0B+13.5%

Cash flow

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Operating cash flow-$27.3M+8.7%

CapEx$1.7M-67.7%

Free cash flow-$29.0M+17.5%

Valuation

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Market cap$1.46B+973%

Enterprise value$1.11B+2,320%

P/S8.7×+7.6×

Profitability

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Gross margin-18.2%-3.7pp

Operating margin-135.7%+39.6pp

Net margin-132.4%+37.4pp

FCF margin-71.3%-22.3pp

Returns & leverage

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Return on equity-33.5%+31.9pp

Debt / equity0×0.0×

Current ratio8.6×+3.0×

Where this comes from

Calculated from FuelCell Energy’s reported figures.

total debt/total assets=0×

Based on the most recent quarter.

The official record: FuelCell Energy’s 10-Q, filed June 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FuelCell Energy's debt-to-assets?: FuelCell Energy (FCEL) reported debt-to-assets of 0× in Q1 2026.
How has FuelCell Energy's debt-to-assets changed year-over-year?: FuelCell Energy's debt-to-assets increased by 1.3% year-over-year, from 0× to 0×.
What is the long-term trend for FuelCell Energy's debt-to-assets?: Over 5 years (2020 to 2025), FuelCell Energy's debt-to-assets has grown at a -12.9% compound annual growth rate (CAGR), from 0.1× to 0×.
What does debt-to-assets mean?: Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.