Vestas Wind Systems A/S Working Capital to Net Assets Ratio
Vestas Wind Systems A/S 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. Check VWS tangible net worth ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Vestas Wind Systems A/S (2002–2025)
Working capital to net assets ratio of Vestas Wind Systems A/S from 2002 to 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 operational self-sufficiency of Vestas Wind Systems A/S to measure how many days the company can operate on defensive assets alone.
Vestas Wind Systems A/S Working Capital to Net Assets Ratio by Year (2002–2025)
Vestas Wind Systems A/S working capital to net assets ratio by year from 2002 to 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 the complete balance sheet picture, see Vestas Wind Systems A/S assets under control.
| 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 | — |