Vestas Wind Systems Balance Sheet Health
Financial Health criteria checks 2/6
Vestas Wind Systems has a total shareholder equity of €3.0B and total debt of €3.4B, which brings its debt-to-equity ratio to 114.7%. Its total assets and total liabilities are €20.9B and €17.9B respectively.
Key information
114.7%
Debt to equity ratio
€3.42b
Debt
Interest coverage ratio | n/a |
Cash | €1.70b |
Equity | €2.98b |
Total liabilities | €17.88b |
Total assets | €20.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VWSB's short term assets (€14.0B) exceed its short term liabilities (€13.5B).
Long Term Liabilities: VWSB's short term assets (€14.0B) exceed its long term liabilities (€4.4B).
Debt to Equity History and Analysis
Debt Level: VWSB's net debt to equity ratio (57.6%) is considered high.
Reducing Debt: VWSB's debt to equity ratio has increased from 17.2% to 114.7% over the past 5 years.
Debt Coverage: VWSB's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: Insufficient data to determine if VWSB's interest payments on its debt are well covered by EBIT.