Vestas Wind Systems A/S (XSWX:VWS) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Vestas Wind Systems A/S LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Vestas Wind Systems A/S's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Vestas Wind Systems A/S's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.14). It may suggest that Vestas Wind Systems A/S is progressively becoming more dependent on debt to grow their business.

Vestas Wind Systems A/S LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vestas Wind Systems A/S's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Vestas Wind Systems A/S LT-Debt-to-Total-Asset Chart

Vestas Wind Systems A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.11

0.14

Vestas Wind Systems A/S Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.13	0.13	0.14	0.14

Vestas Wind Systems A/S LT-Debt-to-Total-Asset Calculation

Vestas Wind Systems A/S's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	3040.475	/	21232.396
	=	0.14

Vestas Wind Systems A/S's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3135.213	/	21827.686
	=	0.14

Vestas Wind Systems A/S (XSWX:VWS) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Vestas Wind Systems A/S LT-Debt-to-Total-Asset Related Terms

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Vestas Wind Systems A/S (XSWX:VWS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vestas Wind Systems A/S (XSWX:VWS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

VWSYF:USA VWDRY:USA VWSc:UK 0NMK:UK VWS:Denmark VWSB:Germany VWSB:Austria

Address

Hedeager 42, Aarhus, DNK, 8200

Website

https://www.vestas.com

Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.

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