VinFast Auto Ltd. (VFS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q4'21 |
|---|
| Total Current Assets | 83.61T | 83.99T | 87.81T | 86.05T | 67.91T | 64.78T | 55.33T | 52.53T | 47.07T | 50.58T | 46.76T | 39.2T | 44.16T | 44.84T | 36.86T | 26.69T |
| Cash & Short-Term Investments | 9.14T | 10.95T | 11.59T | 16.28T | 4.5T | 4.13T | 1.9T | 2.39T | 2.96T | 4.1T | 3.16T | 1.6T | 3.75T | 4.28T | 1.85T | 3.03T |
| Cash Only | 6.79T | 10.92T | 8.8T | 13.77T | 2.4T | 3.31T | 1.89T | 2.38T | 2.96T | 4.1T | 3.15T | 1.6T | 3.74T | 4.27T | 1.85T | 3.02T |
| Short-Term Investments | 2.35T | 32.23B | 2.79T | 2.51T | 2.1T | 818.98B | 4.08B | 4.16B | 4.11B | 4.11B | 4.05B | 3.99B | 3.88B | 3.9B | 0 | 169M |
| Accounts Receivable | 9.64T | 13.16T | 25.56T | 22T | 19.77T | 19.41T | 15.52T | 15.42T | 12.36T | 566.72B | 1.18T | 376.8B | 444.56B | 671.07B | 331.08B | 599.99B |
| Days Sales Outstanding | 44.14 | 45.19 | 120.86 | 114.43 | 108.12 | 97.39 | 115.47 | 145.78 | 90.1 | 8.3 | 8.7 | 4.71 | 25.55 | 10.32 | 37.97 | 45.15 |
| Inventory | 49.04T | 45.79T | 37.67T | 34.98T | 32.87T | 27.91T | 31.52T | 29.64T | 26.71T | 30.14T | 24.41T | 24.02T | 24.78T | 21.61T | 12.51T | 6.68T |
| Days Inventory Outstanding | 105.79 | 69.61 | 118.21 | 131.74 | 124.08 | 92.51 | 184.09 | 181.77 | 249.82 | 173.95 | 207.78 | 203.95 | 390.64 | 192.48 | 689.21 | 320.27 |
| Other Current Assets | 15.79T | 14.09T | 769.19B | 1.64T | 780.98B | 3.8T | 709.5B | 1.29T | 697.52B | 10.68T | 11.13T | 13.2T | 15.18T | 8.98T | 11.79T | 16.38T |
| Total Non-Current Assets | 101.4T | 97.72T | 95.37T | 95.42T | 90.33T | 91.18T | 96.48T | 96.73T | 98.5T | 96.27T | 78.08T | 77.63T | 75.94T | 68.77T | 68.52T | 58.63T |
| Property, Plant & Equipment | 89.2T | 86.01T | 88.74T | 88.98T | 82.76T | 83.83T | 85.94T | 86.12T | 87.88T | 74.65T | 70.61T | 70.23T | 68.73T | 61.75T | 65.64T | 54.12T |
| Fixed Asset Turnover | 0.27x | 0.45x | 0.20x | 0.19x | 0.20x | 0.19x | 0.14x | 0.10x | 0.08x | 0.13x | 0.12x | 0.11x | 0.03x | 0.07x | 0.05x | 0.09x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 272.2B | 272.2B | 272.2B | 272.2B | 272.2B | 272.2B |
| Intangible Assets | 1.17T | 1.21T | 1.06T | 1.03T | 1.08T | 1.16T | 1.17T | 1.22T | 1.31T | 1.3T | 1.54T | 1.52T | 1.54T | 1.46T | 1.29T | 3.16T |
| Long-Term Investments | 8.99T | 10.32T | 1.95T | 1.96T | 2.12T | 2.08T | 2.11T | 2.1T | 2.15T | 2.2T | 0 | 309.61B | 289.32B | 696.33B | 833.19B | 182.3B |
| Other Non-Current Assets | 2.04T | 187.03B | 3.63T | 3.45T | 4.38T | 4.11T | 7.26T | 7.29T | 6.15T | 18.19T | 5.67T | 4.99T | 4.86T | 3.81T | 1.32T | 840.54B |
| Total Assets | 185T | 181.71T | 183.18T | 181.46T | 158.24T | 155.97T | 151.81T | 149.26T | 145.57T | 146.86T | 124.84T | 116.83T | 120.09T | 113.61T | 105.38T | 85.32T |
| Asset Turnover | 0.13x | 0.22x | 0.10x | 0.10x | 0.10x | 0.11x | 0.08x | 0.06x | 0.04x | 0.07x | 0.07x | 0.07x | 0.02x | 0.04x | 0.03x | 0.06x |
| Asset Growth % | 16.91% | 16.51% | 20.67% | 21.57% | 8.71% | 6.2% | 21.6% | 27.76% | 21.21% | 29.27% | 18.47% | - | - | - | - | - |
| Total Current Liabilities | 175.19T | 164.15T | 174.28T | 184.44T | 178.18T | 171.51T | 169.17T | 163.23T | 159.6T | 152.04T | 98.81T | 91.69T | 83.55T | 66.23T | 126.99T | 87.31T |
| Accounts Payable | 37.19T | 32.38T | 28.3T | 22.04T | 19.93T | 20.79T | 14.32T | 10.81T | 7.69T | 12.15T | 10.55T | 15.95T | 17.9T | 16.64T | 70.31T | 3.19T |
| Days Payables Outstanding | 77.61 | 50.62 | 81.92 | 81.49 | 83.13 | 54.66 | 75.64 | 59.67 | 87.16 | 72.38 | 113.71 | 141.5 | 290.88 | 490.47 | 3.87K | 152.8 |
| Short-Term Debt | 62.6T | 60.74T | 33.34T | 31.25T | 34.29T | 94.01T | 48.99T | 48.42T | 48.77T | 87.24T | 21.15T | 15.17T | 39.69T | 15.3T | 42.73T | 16.12T |
| Deferred Revenue (Current) | 0 | 98.62B | 2.15T | 2.02T | 1.89T | 3.69T | 2.35T | 0 | 810.34B | 1.34T | 760.07B | 614.97B | 1.34T | 1.68T | 1.45T | 1.33T |
| Other Current Liabilities | 75.39T | 70.93T | 35.6T | 33.75T | 31.4T | 28.06T | 25.82T | 93.07T | 33.4T | 21.2T | 54.89T | 4.13T | 11.6T | 8.26T | 4.44T | 61.29T |
| Current Ratio | 0.48x | 0.51x | 0.50x | 0.47x | 0.38x | 0.38x | 0.33x | 0.32x | 0.29x | 0.33x | 0.47x | 0.43x | 0.53x | 0.68x | 0.29x | 0.31x |
| Quick Ratio | 0.20x | 0.23x | 0.29x | 0.28x | 0.20x | 0.22x | 0.14x | 0.14x | 0.13x | 0.13x | 0.23x | 0.17x | 0.23x | 0.35x | 0.19x | 0.23x |
| Cash Conversion Cycle | 72.32 | 64.19 | 157.14 | 164.67 | 149.08 | 135.25 | 223.92 | 267.87 | 252.76 | 109.87 | 102.77 | 67.16 | 125.31 | -287.67 | -3.15K | 212.62 |
| Total Non-Current Liabilities | 109.7T | 107.6T | 108.18T | 97.25T | 77.94T | 79.36T | 77.64T | 67.98T | 65.97T | 60.23T | 90.57T | 88.47T | 87.35T | 84.05T | 83.21T | 74.96T |
| Long-Term Debt | 0 | 47.07T | 46.84T | 43.44T | 26.42T | 46.82T | 21.25T | 22.88T | 24.77T | 32.56T | 45.68T | 40.73T | 44.66T | 49.17T | 48.21T | 57.95T |
| Capital Lease Obligations | 5.7T | 2.06T | 6.07T | 6.41T | 3.75T | 4.08T | 4.49T | 4.83T | 5.17T | 5.33T | 5.04T | 5.09T | 5.31T | 3.26T | 2.86T | 1.3T |
| Deferred Tax Liabilities | 1.26T | 1.31T | 1.34T | 1.17T | 933.9B | 938.64B | 983.27B | 0 | 987.82B | 911.27B | 0 | 920.96B | 0 | 947.98B | 0 | 51.46B |
| Other Non-Current Liabilities | 102.74T | 53.38T | 50.95T | 43.36T | 43.92T | 24.81T | 48.67T | 40.27T | 33.28T | 19.75T | 39.85T | 41T | 37.38T | 30.17T | 32.15T | 15.63T |
| Total Liabilities | 284.89T | 271.76T | 282.47T | 281.7T | 256.12T | 250.87T | 246.81T | 231.21T | 225.57T | 212.27T | 189.37T | 180.15T | 170.9T | 150.28T | 210.2T | 162.26T |
| Total Debt | 68.3T | 109.86T | 87.72T | 82.62T | 65.95T | 146.4T | 76.12T | 77.72T | 80.24T | 126.65T | 73.21T | 62.29T | 91.12T | 68.5T | 94.43T | 75.75T |
| Net Debt | 61.52T | 98.94T | 78.92T | 68.84T | 63.55T | 143.09T | 74.23T | 75.34T | 77.29T | 122.55T | 70.06T | 60.69T | 87.38T | 64.23T | 92.58T | 72.73T |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -4.31x | -5.20x | -2.98x | -2.60x | -2.50x | -11.31x | -1.63x | -3.15x | -2.41x | -3.47x | -2.53x | -2.98x | -4.93x | - | -4.85x | - |
| Total Equity | -99.89T | -90.04T | -99.28T | -100.23T | -97.87T | -94.9T | -95T | -81.95T | -80.01T | -65.41T | -64.53T | -63.32T | -50.81T | -36.67T | -104.82T | -76.94T |
| Equity Growth % | -2.06% | 5.12% | -4.5% | -22.31% | -22.33% | -45.09% | -47.22% | -29.42% | -57.46% | -78.38% | 38.44% | - | - | - | - | - |
| Book Value per Share | -42695.86 | -38493.34 | -42438.49 | -42855.90 | -41847.51 | -40580.20 | -40622.50 | -35047.79 | -34221.92 | -28016.45 | -27950.05 | -27268.76 | -21880.04 | -15791.17 | -45138.87 | -33132.70 |
| Total Shareholders' Equity | -191.3T | -171.56T | -150.92T | -179.99T | -177.66T | -164.71T | -172.3T | -159.28T | -157.35T | -142.78T | -141.91T | -140.7T | -128.21T | -114.11T | -104.77T | -76.93T |
| Common Stock | 0 | 9.87T | 9.87T | 9.87T | 9.87T | 9.87T | 9.87T | 9.86T | 9.86T | 9.85T | 7.62T | 871.02B | 871.02B | 871.02B | 553.89B | 553.89B |
| Retained Earnings | -394.87T | -364.76T | -329.73T | -305.78T | -285.46T | -267.79T | -237.19T | -223.97T | -205.24T | -184.29T | -168.79T | -153.79T | -141.27T | -127.19T | -111.91T | -77.42T |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -572.45B | -976.75B | -727.56B | -711.76B | -460.64B | -253.08B | -464.22B | -348.29B | -487.42B | -101.4B | -101.46B | -122.89B | -104.06B | -55.61B | -63.49B |
| Minority Interest | 91.41T | 81.52T | 51.63T | 79.76T | 79.78T | 69.81T | 77.3T | 77.32T | 77.35T | 77.37T | 77.38T | 77.38T | 77.4T | 77.44T | -52.04B | -14.68B |