Novo Nordisk Balance Sheet Health
Financial Health criteria checks 4/6
Novo Nordisk has a total shareholder equity of DKK120.5B and total debt of DKK57.0B, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are DKK397.4B and DKK276.9B respectively. Novo Nordisk's EBIT is DKK125.5B making its interest coverage ratio -275.2. It has cash and short-term investments of DKK74.9B.
Key information
47.3%
Debt to equity ratio
DKK 56.97b
Debt
| Interest coverage ratio | -275.2x |
| Cash | DKK 74.88b |
| Equity | DKK 120.52b |
| Total liabilities | DKK 276.92b |
| Total assets | DKK 397.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOVA's short term assets (DKK195.2B) do not cover its short term liabilities (DKK208.4B).
Long Term Liabilities: NOVA's short term assets (DKK195.2B) exceed its long term liabilities (DKK68.6B).
Debt to Equity History and Analysis
Debt Level: NOVA has more cash than its total debt.
Reducing Debt: NOVA's debt to equity ratio has increased from 8.2% to 47.3% over the past 5 years.
Debt Coverage: NOVA's debt is well covered by operating cash flow (207.5%).
Interest Coverage: NOVA earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 07:17 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Novo Nordisk A/S is covered by 71 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Kamla Singh | AlphaValue |
| Gerhard Schwarz | Baader Helvea Equity Research |