Vestas Wind Systems A/S (VWSA) — 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. See VWSA net assets for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Vestas Wind Systems A/S Tangible Net Worth Ratio (2016–2025)
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. Also explore VWSA net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Vestas Wind Systems A/S (2016–2025)
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 the full company profile including market capitalisation, see VWSA market cap.
| 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 | — |