Vestas Wind Systems Balance Sheet Health
Financial Health criteria checks 5/6
Vestas Wind Systems has a total shareholder equity of €2.9B and total debt of €3.3B, which brings its debt-to-equity ratio to 113.9%. Its total assets and total liabilities are €22.9B and €20.0B respectively. Vestas Wind Systems's EBIT is €163.0M making its interest coverage ratio 5.4. It has cash and short-term investments of €2.4B.
Key information
113.9%
Debt to equity ratio
€3.33b
Debt
| Interest coverage ratio | 5.4x |
| Cash | €2.36b |
| Equity | €2.92b |
| Total liabilities | €20.00b |
| Total assets | €22.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VWSB's short term assets (€14.8B) exceed its short term liabilities (€14.6B).
Long Term Liabilities: VWSB's short term assets (€14.8B) exceed its long term liabilities (€5.4B).
Debt to Equity History and Analysis
Debt Level: VWSB's net debt to equity ratio (33.2%) is considered satisfactory.
Reducing Debt: VWSB's debt to equity ratio has increased from 19.1% to 113.9% over the past 5 years.
Debt Coverage: VWSB's debt is well covered by operating cash flow (64.6%).
Interest Coverage: VWSB's interest payments on its debt are well covered by EBIT (5.4x coverage).