Novo Nordisk Balance Sheet Health
Financial Health criteria checks 4/6
Novo Nordisk has a total shareholder equity of DKK106.6B and total debt of DKK21.3B, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are DKK314.5B and DKK207.9B respectively. Novo Nordisk's EBIT is DKK104.0B making its interest coverage ratio -197.3. It has cash and short-term investments of DKK30.2B.
Key information
20.0%
Debt to equity ratio
kr.21.28b
Debt
| Interest coverage ratio | -197.3x |
| Cash | kr.30.23b |
| Equity | kr.106.56b |
| Total liabilities | kr.207.93b |
| Total assets | kr.314.49b |
Recent financial health updates
Does Novo Nordisk (CPH:NOVO B) Have A Healthy Balance Sheet?
Apr 14
Novo Nordisk (CPH:NOVO B) Seems To Use Debt Rather Sparingly
Dec 12These 4 Measures Indicate That Novo Nordisk (CPH:NOVO B) Is Using Debt Safely
Aug 02These 4 Measures Indicate That Novo Nordisk (CPH:NOVO B) Is Using Debt Safely
May 04Novo Nordisk (CPH:NOVO B) Has A Rock Solid Balance Sheet
Feb 02Recent updates
Does 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 24Calculating The Intrinsic Value Of Novo Nordisk A/S (CPH:NOVO B)
Aug 20These 4 Measures Indicate That Novo Nordisk (CPH:NOVO B) Is Using Debt Safely
Aug 02Estimating The Fair Value Of Novo Nordisk A/S (CPH:NOVO B)
May 22These 4 Measures Indicate That Novo Nordisk (CPH:NOVO B) Is Using Debt Safely
May 04Novo Nordisk (CPH:NOVO B) Will Pay A Larger Dividend Than Last Year At DKK8.15
Feb 04Novo Nordisk (CPH:NOVO B) Has A Rock Solid Balance Sheet
Feb 02Financial Position Analysis
Short Term Liabilities: NOVO B's short term assets (DKK139.6B) do not cover its short term liabilities (DKK169.7B).
Long Term Liabilities: NOVO B's short term assets (DKK139.6B) exceed its long term liabilities (DKK38.3B).
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 1% to 20% over the past 5 years.
Debt Coverage: NOVO B's debt is well covered by operating cash flow (511.8%).
Interest Coverage: NOVO B earns more interest than it pays, so coverage of interest payments is not a concern.