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. Also explore VWSA shareholders equity momentum to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see how much is Vestas Wind Systems A/S worth.
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. Explore reinvestment intensity of Vestas Wind Systems A/S to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |