Vestas Wind Systems A/S Tangible Net Worth Ratio
Vestas Wind Systems A/S tangible net worth ratio. Vestas Wind Systems A/S (VWSA) has a Tangible Net Worth Ratio of 51.0% as of March 2026. This metric is calculated by deducting intangible assets (€1.92 Billion) from net assets (€3.92 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Check VWSA strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Vestas Wind Systems A/S (2016–2025)
Tangible net worth ratio of Vestas Wind Systems A/S from 2016 to 2025. This chart shows how Vestas Wind Systems A/S's Tangible Net Worth Ratio has changed across 10 annual periods from 2016 to 2025. As of March 2026, the ratio stands at 51.0%, reflecting net assets of €3.92 Billion with intangible assets of €1.92 Billion EUR. See VWSA current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Vestas Wind Systems A/S Tangible Net Worth Ratio by Year (2016–2025)
Vestas Wind Systems A/S tangible net worth ratio by year from 2016 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for Vestas Wind Systems A/S from 2016 to 2025, covering 10 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see market cap of Vestas Wind Systems A/S.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 50.0% | €3.88 Billion | €1.94 Billion | €25.73 Billion | ▲ +2.9 pp |
| 2024 | 47.1% | €3.54 Billion | €1.87 Billion | €24.64 Billion | ▲ +2.9 pp |
| 2023 | 44.2% | €3.04 Billion | €1.70 Billion | €22.51 Billion | ▼ -5.1 pp |
| 2022 | 49.3% | €3.06 Billion | €1.55 Billion | €20.09 Billion | ▼ -16.6 pp |
| 2021 | 65.9% | €4.76 Billion | €1.62 Billion | €19.71 Billion | ▲ +0.3 pp |
| 2020 | 65.7% | €4.70 Billion | €1.61 Billion | €18.16 Billion | ▼ -9.7 pp |
| 2019 | 75.4% | €3.35 Billion | €822.00 Million | €14.33 Billion | ▼ -1.5 pp |
| 2018 | 76.9% | €3.10 Billion | €717.00 Million | €11.90 Billion | ▼ -3.9 pp |
| 2017 | 80.8% | €3.11 Billion | €597.00 Million | €10.87 Billion | ▼ -2.9 pp |
| 2016 | 83.7% | €3.19 Billion | €519.00 Million | €9.93 Billion | — |