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 DKK119.8B making its interest coverage ratio -262.7. 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 | -262.7x |
| Cash | DKK 74.88b |
| Equity | DKK 120.52b |
| Total liabilities | DKK 276.92b |
| Total assets | DKK 397.44b |
Recent financial health updates
Is Novo Nordisk (CPH:NOVO B) Using Too Much Debt?
Jul 27
Does Novo Nordisk (CPH:NOVO B) Have A Healthy Balance Sheet?
Apr 14Novo Nordisk (CPH:NOVO B) Seems To Use Debt Rather Sparingly
Dec 12Recent updates
Solid Earnings May Not Tell The Whole Story For Novo Nordisk (CPH:NOVO B)
Nov 13Novo Nordisk A/S (CPH:NOVO B) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
Nov 09Is Novo Nordisk A/S (CPH:NOVO B) Trading At A 31% Discount?
Nov 01Novo Nordisk A/S' (CPH:NOVO B) P/E Still Appears To Be Reasonable
Oct 09Is Novo Nordisk (CPH:NOVO B) Using Too Much Debt?
Jul 27Should You Be Adding Novo Nordisk (CPH:NOVO B) To Your Watchlist Today?
Jul 05A Look At The Fair Value Of Novo Nordisk A/S (CPH:NOVO B)
Jun 09Novo Nordisk's (CPH:NOVO B) Promising Earnings May Rest On Soft Foundations
May 09Results: Novo Nordisk A/S Beat Earnings Expectations And Analysts Now Have New Forecasts
May 04The Price Is Right For Novo Nordisk A/S (CPH:NOVO B)
Apr 28Does Novo Nordisk (CPH:NOVO B) Have A Healthy Balance Sheet?
Apr 14Do Novo Nordisk's (CPH:NOVO B) Earnings Warrant Your Attention?
Mar 18Novo Nordisk A/S' (CPH:NOVO B) Price In Tune With Earnings
Dec 30Novo Nordisk (CPH:NOVO B) Seems To Use Debt Rather Sparingly
Dec 12Estimating The Intrinsic Value Of Novo Nordisk A/S (CPH:NOVO B)
Nov 24Financial Position Analysis
Short Term Liabilities: NOVO B's short term assets (DKK195.2B) do not cover its short term liabilities (DKK208.4B).
Long Term Liabilities: NOVO B's short term assets (DKK195.2B) exceed its long term liabilities (DKK68.6B).
Debt to Equity History and Analysis
Debt Level: NOVO B has more cash than its total debt.
Reducing Debt: NOVO B's debt to equity ratio has increased from 8.2% to 47.3% over the past 5 years.
Debt Coverage: NOVO B's debt is well covered by operating cash flow (207.5%).
Interest Coverage: NOVO B earns more interest than it pays, so coverage of interest payments is not a concern.