Vestas Wind Systems A/S (VWS) — Working Capital to Net Assets Ratio
Vestas Wind Systems A/S (VWS) has a Working Capital to Net Assets ratio of 12.2% as of March 2026. Working capital of Dkr479.00 Million (current assets of Dkr17.63 Billion minus current liabilities of Dkr17.16 Billion) is measured against net assets of Dkr3.92 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See VWS free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vestas Wind Systems A/S Working Capital to Net Assets (2002–2025)
This chart shows how Vestas Wind Systems A/S's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of March 2026, the ratio stands at 12.2%, reflecting working capital of Dkr479.00 Million against net assets of Dkr3.92 Billion DKK. See VWS days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Vestas Wind Systems A/S (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vestas Wind Systems A/S from 2002 to 2025, covering 24 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see VWS company net worth.
| Year | WC/NA Ratio | Working Capital (DKK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -0.3% | Dkr-11.00 Million | Dkr3.88 Billion | Dkr16.84 Billion | Dkr16.85 Billion | ▼ -17.9 pp |
| 2024 | 17.6% | Dkr621.42 Million | Dkr3.52 Billion | Dkr16.09 Billion | Dkr15.47 Billion | ▼ -12.0 pp |
| 2023 | 29.6% | Dkr901.00 Million | Dkr3.04 Billion | Dkr14.92 Billion | Dkr14.02 Billion | ▲ +25.9 pp |
| 2022 | 3.8% | Dkr115.00 Million | Dkr3.06 Billion | Dkr13.63 Billion | Dkr13.51 Billion | ▲ +0.3 pp |
| 2021 | 3.4% | Dkr164.00 Million | Dkr4.76 Billion | Dkr12.86 Billion | Dkr12.70 Billion | ▼ -18.1 pp |
| 2020 | 21.6% | Dkr1.01 Billion | Dkr4.70 Billion | Dkr12.25 Billion | Dkr11.23 Billion | ▼ -11.2 pp |
| 2019 | 32.7% | Dkr1.09 Billion | Dkr3.35 Billion | Dkr10.44 Billion | Dkr9.35 Billion | ▼ -4.3 pp |
| 2018 | 37.0% | Dkr1.15 Billion | Dkr3.10 Billion | Dkr8.55 Billion | Dkr7.41 Billion | ▼ -10.3 pp |
| 2017 | 47.3% | Dkr1.47 Billion | Dkr3.11 Billion | Dkr8.01 Billion | Dkr6.53 Billion | ▲ +5.9 pp |
| 2016 | 41.5% | Dkr1.32 Billion | Dkr3.19 Billion | Dkr6.95 Billion | Dkr5.63 Billion | ▲ +1.1 pp |
| 2015 | 40.4% | Dkr1.17 Billion | Dkr2.90 Billion | Dkr5.98 Billion | Dkr4.80 Billion | ▲ +26.1 pp |
| 2014 | 14.2% | Dkr339.00 Million | Dkr2.38 Billion | Dkr4.70 Billion | Dkr4.36 Billion | ▲ +1.8 pp |
| 2013 | 12.5% | Dkr190.00 Million | Dkr1.52 Billion | Dkr3.24 Billion | Dkr3.05 Billion | ▼ -28.3 pp |
| 2012 | 40.8% | Dkr662.00 Million | Dkr1.62 Billion | Dkr4.36 Billion | Dkr3.70 Billion | ▲ +35.9 pp |
| 2011 | 4.9% | Dkr127.00 Million | Dkr2.58 Billion | Dkr4.17 Billion | Dkr4.04 Billion | ▼ -24.8 pp |
| 2010 | 29.8% | Dkr820.00 Million | Dkr2.75 Billion | Dkr4.08 Billion | Dkr3.25 Billion | ▼ -15.1 pp |
| 2009 | 44.8% | Dkr1.51 Billion | Dkr3.36 Billion | Dkr4.04 Billion | Dkr2.53 Billion | ▲ +29.4 pp |
| 2008 | 15.4% | Dkr302.00 Million | Dkr1.96 Billion | Dkr3.54 Billion | Dkr3.24 Billion | ▼ -13.6 pp |
| 2007 | 29.0% | Dkr440.00 Million | Dkr1.52 Billion | Dkr2.98 Billion | Dkr2.54 Billion | ▼ -0.9 pp |
| 2006 | 30.0% | Dkr378.00 Million | Dkr1.26 Billion | Dkr2.50 Billion | Dkr2.12 Billion | ▼ -11.2 pp |
| 2005 | 41.2% | Dkr396.00 Million | Dkr961.80 Million | Dkr1.99 Billion | Dkr1.59 Billion | ▼ -39.3 pp |
| 2004 | 80.5% | Dkr1.01 Billion | Dkr1.25 Billion | Dkr1.99 Billion | Dkr986.70 Million | ▼ -6.2 pp |
| 2003 | 86.6% | Dkr516.50 Million | Dkr596.10 Million | Dkr946.60 Million | Dkr430.10 Million | ▲ +5.2 pp |
| 2002 | 81.4% | Dkr499.30 Million | Dkr613.30 Million | Dkr1.01 Billion | Dkr505.80 Million | — |