VinFast Auto (VFS) Debt to Equity (2021 - 2026)
VinFast Auto (VFS) posted quarterly Debt to Equity of -$0.85 for Q1 2026, down 36.58% YoY from -$1.34 in Q1 2025, and up 4.71% sequentially from -$0.89 in Q4 2025.
VinFast Auto (VFS) Debt to Equity (2021 - 2026) Analysis & Trends
VinFast Auto has disclosed Debt to Equity across 5 years of filings, most recently posting -$0.85 for Q1 2026.
- In Q1 2026, Debt to Equity fell 36.58% year-over-year to -$0.85; the TTM figure through Mar 2026 stood at -$0.85 (down 36.58% YoY), while the FY2025 annual figure was -$0.89, down 36.15% from the prior year.
- Debt to Equity grew to -$0.85 in Q1 2026, from -$0.89 in the prior quarter.
- Over the last five years, Debt to Equity for VFS reached as high as -$0.0 in Q4 2023 and fell as low as -$1.04 in Q3 2023.
- The 5-year median for Debt to Equity is -$0.81 (2025), against an average of -$0.69.
- Annual changes were most pronounced in 2024 — Debt to Equity tumbled 2193043.79% — and 2025, when it jumped 31.37%.
- A 5-year view of Debt to Equity shows it stood at -$0.0 in 2022, then advanced by 27.53% to -$0.0 in 2023, then plunged by 2193043.79% to -$0.65 in 2024, then tumbled by 36.15% to -$0.89 in 2025, then advanced by 4.71% to -$0.85 in 2026.
- According to Business Quant data, Debt to Equity over the past three periods registered -$0.85, -$0.89, and -$0.81 for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 0.02 |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 1.70 |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 1.52 |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | - |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | 1.00 |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | - |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | - |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -0.44 |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -7.84 |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn | 0.21 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.44 |
| Dec 31, 2025 | -0.47 |
| Sep 30, 2025 | -0.53 |
| Jun 30, 2025 | -0.41 |
| Mar 31, 2025 | -0.34 |
| Dec 31, 2024 | -0.38 |
| Sep 30, 2024 | -0.41 |
| Jun 30, 2024 | -0.44 |
| Mar 31, 2024 | -0.46 |
| Dec 31, 2023 | 0.00 |
| Sep 30, 2023 | -0.47 |
| Jun 30, 2023 | -0.40 |
| Dec 31, 2022 | 0.00 |
| Dec 31, 2021 | -0.61 |