Vestas Wind Systems Balance Sheet Health
Financial Health criteria checks 5/6
Vestas Wind Systems has a total shareholder equity of €3.1B and total debt of €3.4B, which brings its debt-to-equity ratio to 112%. Its total assets and total liabilities are €22.6B and €19.5B respectively. Vestas Wind Systems's EBIT is €84.0M making its interest coverage ratio -21. It has cash and short-term investments of €2.4B.
Key information
112.0%
Debt to equity ratio
€3.43b
Debt
Interest coverage ratio | -21x |
Cash | €2.35b |
Equity | €3.06b |
Total liabilities | €19.54b |
Total assets | €22.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VWDR.Y's short term assets (€14.9B) exceed its short term liabilities (€14.1B).
Long Term Liabilities: VWDR.Y's short term assets (€14.9B) exceed its long term liabilities (€5.5B).
Debt to Equity History and Analysis
Debt Level: VWDR.Y's net debt to equity ratio (35.2%) is considered satisfactory.
Reducing Debt: VWDR.Y's debt to equity ratio has increased from 17.3% to 112% over the past 5 years.
Debt Coverage: VWDR.Y's debt is well covered by operating cash flow (36.3%).
Interest Coverage: VWDR.Y earns more interest than it pays, so coverage of interest payments is not a concern.