Vestas Wind Systems Balance Sheet Health
Financial Health criteria checks 4/6
Vestas Wind Systems has a total shareholder equity of €3.0B and total debt of €2.8B, which brings its debt-to-equity ratio to 93.1%. Its total assets and total liabilities are €22.5B and €19.5B respectively. Vestas Wind Systems's EBIT is €36.0M making its interest coverage ratio 1.2. It has cash and short-term investments of €3.3B.
Key information
93.1%
Debt to equity ratio
€2.83b
Debt
Interest coverage ratio | 1.2x |
Cash | €3.32b |
Equity | €3.04b |
Total liabilities | €19.47b |
Total assets | €22.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0NMK's short term assets (€14.9B) exceed its short term liabilities (€14.0B).
Long Term Liabilities: 0NMK's short term assets (€14.9B) exceed its long term liabilities (€5.5B).
Debt to Equity History and Analysis
Debt Level: 0NMK has more cash than its total debt.
Reducing Debt: 0NMK's debt to equity ratio has increased from 16% to 93.1% over the past 5 years.
Debt Coverage: 0NMK's debt is well covered by operating cash flow (36.3%).
Interest Coverage: 0NMK's interest payments on its debt are not well covered by EBIT (1.2x coverage).