Vestas Wind Systems A/S
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Vestas Wind Systems A/S's balance sheet done over the years? Its assets were worth $22,514,000,000 last year, which is more than in the previous period. 86% of Vestas Wind Systems A/S’s total assets is currently financed by debt. Its liabilities reached the amount of $19,472,000,000, which means an increase by 14% compared compared to last year.
Debt to Assets
| 2014 | 6997000000 | 4.61B | 66% |
|---|---|---|---|
| 2015 | 8587000000 | 5.68B | 66.24% |
| 2016 | 9931000000 | 6.74B | 67.88% |
| 2017 | 10871000000 | 7.75B | 71.37% |
| 2018 | 11899000000 | 8.79B | 73.91% |
| 2019 | 14331000000 | 10.98B | 76.66% |
| 2020 | 18160000000 | 13.45B | 74.1% |
| 2021 | 19712000000 | 14.95B | 75.85% |
| 2022 | 20090000000 | 17.03B | 84.77% |
| 2023 | 22514000000 | 19.47B | 86.49% |
VWDRY Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 3.31B | 2.35B | 2.39B | 3.03B | 2.86B | 2.88B | 3.19B | 3.21B | 2.56B | 1.81B |
Short term investments | 3M | -215.94M | 116M | 111M | 173M | 422M | 7M | 11M | -147.99M | 0 |
Net receivables | 3.08B | 3.93B | 3.96B | 3.41B | 2.86B | 0 | 1.22B | 0 | 810M | 702M |
Inventory | 6.53B | 6.37B | 5.67B | 5.28B | 4.09B | 2.98B | 2.69B | 1.98B | 1.89B | 1.50B |
Other current assets | 1.98B | 4.90B | 1.89B | 1.47B | 1.29B | 2.26B | 424M | 1.73B | 502M | 467M |
Total current assets | 14.92B | 13.62B | 12.86B | 12.24B | 10.44B | 8.55B | 8.00B | 6.95B | 5.97B | 4.69B |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 1.91B | 1.75B | 2.09B | 2.02B | 1.67B | 1.31B | 1.24B | 1.32B | 1.27B | 1.13B |
Goodwill | 1.50B | 1.51B | 1.50B | 1.27B | 386M | 379M | 304M | 309M | 252M | 215M |
Intangible assets | 1.69B | 1.55B | 1.62B | 1.61B | 822M | 717M | 597M | 519M | 435M | 443M |
Long term investments | 790M | 1.04B | 674M | 115M | 272M | 50M | 369M | 406M | 392.99M | 202M |
Other non-current assets | 1.68B | 103.05M | 579M | 553M | 414M | 599M | 130M | 210M | 103.00M | 139M |
Total non-current assets | 7.59B | 6.46B | 6.84B | 5.91B | 3.88B | 3.34B | 2.86B | 2.98B | 2.61B | 2.30B |
Total assets | 22.51B | 20.09B | 19.71B | 18.16B | 14.33B | 11.89B | 10.87B | 9.93B | 8.58B | 6.99B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 6.91B | 6.90B | 6.27B | 5.36B | 0 | 3.08B | 0 | 0 | 2.35B |
Short term debt | 163M | 248M | 704M | 487M | 159M | 0 | 0 | 0 | 0 | 604M |
Total current liabilities | 14.02B | 13.51B | 12.7B | 11.23B | 9.34B | 7.40B | 6.53B | 5.62B | 4.80B | 4.35B |
| Non-current liabilities: | ||||||||||
Long term debt | 3.22B | 2.17B | 732M | 867M | 661M | 498M | 497M | 496M | 495M | 3M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 2.22B | 1.18B | 145M | 173M | 76M | 69M | 80M | 90M | 30M | 27M |
Total non-current liabilities | 5.45B | 3.51B | 2.25B | 2.22B | 1.63B | 1.39B | 1.22B | 1.11B | 883M | 261M |
Total liabilities | 19.47B | 17.03B | 14.95B | 13.45B | 10.98B | 8.79B | 7.75B | 6.74B | 5.68B | 4.61B |