Vestas Wind Systems A/S (VWSA) - Total Assets
Based on the latest financial reports, Vestas Wind Systems A/S (VWSA) holds total assets worth €26.71 Billion EUR (≈ $31.22 Billion USD) as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check VWSA cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Vestas Wind Systems A/S - Total Assets Trend (2016–2025)
This chart illustrates how Vestas Wind Systems A/S's total assets have evolved over time, based on quarterly financial data. Check VWSA cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Vestas Wind Systems A/S - Asset Composition Analysis
Current Asset Composition (December 2025)
Vestas Wind Systems A/S's total assets of €26.71 Billion consist of 65.4% current assets and 34.6% non-current assets.
| Asset Category | Amount (EUR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | €0.00 | 17.0% |
| Accounts Receivable | €1.48 Billion | 5.7% |
| Inventory | €5.72 Billion | 22.2% |
| Property, Plant & Equipment | €0.00 | 0.0% |
| Intangible Assets | €1.94 Billion | 7.5% |
| Goodwill | €1.50 Billion | 5.8% |
Asset Composition Trend (2016–2025)
This chart illustrates how Vestas Wind Systems A/S's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see VWSA market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Vestas Wind Systems A/S's current assets represent 65.4% of total assets in 2025, a decrease from 70.9% in 2016.
- Cash Position: Cash and equivalents constituted 17.0% of total assets in 2025, down from 32.4% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 12.0% of total assets, an increase from 8.0% in 2016.
- Asset Diversification: The largest asset category is inventory at 22.2% of total assets.
Vestas Wind Systems A/S Competitors by Total Assets
Key competitors of Vestas Wind Systems A/S based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Vestas Wind Systems A/S
CO:VWS
|
Denmark | Dkr26.71 Billion |
|
Nordex SE
F:NDX1
|
Germany | €6.75 Billion |
|
Shenzhen SC New Energy Technology Corp Class A
SHE:300724
|
China | CN¥26.79 Billion |
|
Guangdong High Dream Intellectualized Machinery Co Ltd Class A
SHE:300720
|
China | CN¥649.07 Million |
|
Wuxi Boton Technology Co Ltd
SHE:300031
|
China | CN¥6.50 Billion |
|
Suzhou TZTEK Technology Co Ltd
SHG:688003
|
China | CN¥3.85 Billion |
|
Zhejiang Dayuan Pumps Ind Co
SHG:603757
|
China | CN¥2.81 Billion |
|
Shanghai Cooltech Power Co Ltd
SHE:300153
|
China | CN¥3.18 Billion |
Vestas Wind Systems A/S - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.03 | 1.02 | 1.00 |
| Quick Ratio | 0.67 | 0.60 | 0.46 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | €479.00 Million | €245.00 Million | €-46.00 Million |
Vestas Wind Systems A/S - Advanced Valuation Insights
This section examines the relationship between Vestas Wind Systems A/S's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 6.68 |
| Latest Market Cap to Assets Ratio | 0.97 |
| Asset Growth Rate (YoY) | 4.4% |
| Total Assets | €25.73 Billion |
| Market Capitalization | $24.97 Billion USD |
Valuation Analysis
Near Book Valuation: The market values Vestas Wind Systems A/S's assets close to their book value (0.97x), suggesting investors view the company's assets at approximately fair value.
Positive Asset Growth: Vestas Wind Systems A/S's assets grew by 4.4% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Vestas Wind Systems A/S (2016–2025)
The table below shows the annual total assets of Vestas Wind Systems A/S from 2016 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | €25.73 Billion ≈ $30.08 Billion |
+4.41% |
| 2024-12-31 | €24.64 Billion ≈ $28.81 Billion |
+9.46% |
| 2023-12-31 | €22.51 Billion ≈ $26.32 Billion |
+12.07% |
| 2022-12-31 | €20.09 Billion ≈ $23.49 Billion |
+1.92% |
| 2021-12-31 | €19.71 Billion ≈ $23.05 Billion |
+8.55% |
| 2020-12-31 | €18.16 Billion ≈ $21.23 Billion |
+26.72% |
| 2019-12-31 | €14.33 Billion ≈ $16.75 Billion |
+20.44% |
| 2018-12-31 | €11.90 Billion ≈ $13.91 Billion |
+9.46% |
| 2017-12-31 | €10.87 Billion ≈ $12.71 Billion |
+9.47% |
| 2016-12-31 | €9.93 Billion ≈ $11.61 Billion |
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About Vestas Wind Systems A/S
Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates through two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc. The Service segment engages in the sale of service contracts, spare p… Read more