Fuelcell Energy annual debt-to-assets ratio
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2025
Fuelcell Energy Debt-to-Assets Ratio Growth & History (FCEL)
Fuelcell Energy's debt-to-assets ratio was 0.14 for fiscal 2025.
View full Fuelcell Energy company overviewFuelcell Energy annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-10-31 | 0.14 | −0.01 | −5.04% |
| 2024 | 2024-10-31 | 0.15 | 0.01 | +10.86% |
| 2023 | 2023-10-31 | 0.14 | 0.04 | +40.09% |
| 2022 | 2022-10-31 | 0.10 | −0.01 | −12.86% |
| 2021 | 2021-10-31 | 0.11 | −0.23 | −67.11% |
| 2020 | 2020-10-31 | 0.34 | −0.01 | −3.82% |
| 2019 | 2019-10-31 | 0.35 | 0.09 | +35.48% |
| 2018 | 2018-10-31 | 0.26 | 0.03 | +12.85% |
| 2017 | 2017-10-31 | 0.23 | −0.02 | −7.03% |
| 2016 | 2016-10-31 | 0.25 | 0.18 | +300.58% |
| 2015 | 2015-10-31 | 0.06 | 0.02 | +50.26% |
| 2014 | 2014-10-31 | 0.04 | −0.19 | −82.17% |
| 2013 | 2013-10-31 | 0.23 | 0.18 | +399.97% |
| 2012 | 2012-10-31 | 0.05 | −0.00 | −5.64% |
| 2011 | 2011-10-31 | 0.05 | 0.02 | +45.38% |
| 2010 | 2010-10-31 | 0.03 | — | — |
Fuelcell Energy quarterly debt-to-assets ratio
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Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
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Q2.13
Q3.13
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Q1.14
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Q2.17
Q3.17
Q4.17
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Q2.18
Q3.18
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Q2.19
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Q4.20
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Q4.21
Q1.22
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Q4.22
Q1.23
Q2.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-07-31 | 0.13 | −0.04 | −22.34% |
| Q2 2026 | 2026-04-30 | 0.15 | −0.01 | −4.56% |
| Q1 2026 | 2026-01-31 | 0.15 | 0.00 | +1.02% |
| Q4 2025 | 2025-10-31 | 0.14 | −0.01 | −5.04% |
| Q3 2025 | 2025-07-31 | 0.16 | 0.02 | +15.22% |
| Q2 2025 | 2025-04-30 | 0.15 | 0.00 | +2.31% |
| Q1 2025 | 2025-01-31 | 0.15 | 0.02 | +11.05% |
| Q4 2024 | 2024-10-31 | 0.15 | 0.01 | +10.86% |
| Q3 2024 | 2024-07-31 | 0.14 | 0.02 | +16.50% |
| Q2 2024 | 2024-04-30 | 0.15 | 0.05 | +43.19% |
| Q1 2024 | 2024-01-31 | 0.14 | 0.04 | +34.64% |
| Q4 2023 | 2023-10-31 | 0.14 | 0.04 | +40.09% |
| Q3 2023 | 2023-07-31 | 0.12 | 0.02 | +24.74% |
| Q2 2023 | 2023-04-30 | 0.10 | 0.01 | +5.90% |
| Q1 2023 | 2023-01-31 | 0.10 | −0.01 | −8.14% |
| Q4 2022 | 2022-10-31 | 0.10 | −0.01 | −12.86% |
| Q3 2022 | 2022-07-31 | 0.10 | −0.01 | −5.26% |
| Q2 2022 | 2022-04-30 | 0.10 | −0.07 | −42.39% |
| Q1 2022 | 2022-01-31 | 0.11 | −0.07 | −38.87% |
| Q4 2021 | 2021-10-31 | 0.11 | −0.23 | −67.11% |
| Q3 2021 | 2021-07-31 | 0.10 | −0.30 | −74.63% |
| Q2 2021 | 2021-04-30 | 0.17 | −0.29 | −63.12% |
| Q1 2021 | 2021-01-31 | 0.18 | −0.25 | −57.56% |
| Q4 2020 | 2020-10-31 | 0.34 | −0.01 | −3.82% |
| Q3 2020 | 2020-07-31 | 0.41 | 0.07 | +20.90% |
| Q2 2020 | 2020-04-30 | 0.47 | 0.13 | +40.59% |
| Q1 2020 | 2020-01-31 | 0.43 | 0.13 | +42.13% |
| Q4 2019 | 2019-10-31 | 0.35 | 0.09 | +35.48% |
| Q3 2019 | 2019-07-31 | 0.34 | 0.08 | +32.83% |
| Q2 2019 | 2019-04-30 | 0.33 | 0.08 | +32.89% |
| Q1 2019 | 2019-01-31 | 0.30 | 0.08 | +37.05% |
| Q4 2018 | 2018-10-31 | 0.26 | 0.03 | +12.85% |
| Q3 2018 | 2018-07-31 | 0.25 | −0.03 | −9.55% |
| Q2 2018 | 2018-04-30 | 0.25 | −0.03 | −10.05% |
| Q1 2018 | 2018-01-31 | 0.22 | −0.05 | −18.65% |
| Q4 2017 | 2017-10-31 | 0.23 | −0.02 | −7.03% |
| Q3 2017 | 2017-07-31 | 0.28 | 0.12 | +72.56% |
| Q2 2017 | 2017-04-30 | 0.28 | 0.11 | +61.90% |
| Q1 2017 | 2017-01-31 | 0.27 | 0.26 | +2896.23% |
| Q4 2016 | 2016-10-31 | 0.25 | 0.18 | +300.58% |
| Q3 2016 | 2016-07-31 | 0.16 | 0.14 | +506.50% |
| Q2 2016 | 2016-04-30 | 0.17 | 0.16 | +1006.01% |
| Q1 2016 | 2016-01-31 | 0.01 | 0.00 | +75.68% |
| Q4 2015 | 2015-10-31 | 0.06 | 0.02 | +50.26% |
| Q3 2015 | 2015-07-31 | 0.03 | −0.01 | −35.12% |
| Q2 2015 | 2015-04-30 | 0.02 | −0.04 | −71.09% |
| Q1 2015 | 2015-01-31 | 0.01 | −0.15 | −96.73% |
| Q4 2014 | 2014-10-31 | 0.04 | −0.19 | −82.17% |
| Q3 2014 | 2014-07-31 | 0.04 | −0.16 | −79.34% |
| Q2 2014 | 2014-04-30 | 0.05 | −0.00 | −4.50% |
| Q1 2014 | 2014-01-31 | 0.16 | 0.13 | +531.93% |
| Q4 2013 | 2013-10-31 | 0.23 | 0.18 | +399.97% |
| Q3 2013 | 2013-07-31 | 0.20 | 0.15 | +328.28% |
| Q2 2013 | 2013-04-30 | 0.06 | 0.01 | +32.32% |
| Q1 2013 | 2013-01-31 | 0.02 | −0.03 | −53.80% |
| Q4 2012 | 2012-10-31 | 0.05 | −0.00 | −5.64% |
| Q3 2012 | 2012-07-31 | 0.05 | −0.00 | −6.29% |
| Q2 2012 | 2012-04-30 | 0.04 | — | — |
| Q1 2012 | 2012-01-31 | 0.05 | — | — |
| Q4 2011 | 2011-10-31 | 0.05 | 0.02 | +45.38% |
| Q3 2011 | 2011-07-31 | 0.05 | — | — |
| Q4 2010 | 2010-10-31 | 0.03 | — | — |
Fuelcell Energy debt-to-assets ratio trends
Over the last five fiscal years, Fuelcell Energy's debt-to-assets ratio decreased from 0.34 to 0.14, a change of −0.19. The latest reported quarter, Q3 2026, shows 0.13.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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