Novo Nordisk Balance Sheet Health
Financial Health criteria checks 3/6
Novo Nordisk has a total shareholder equity of DKK143.5B and total debt of DKK96.0B, which brings its debt-to-equity ratio to 66.9%. Its total assets and total liabilities are DKK465.8B and DKK322.3B respectively. Novo Nordisk's EBIT is DKK139.9B making its interest coverage ratio -706.5. It has cash and short-term investments of DKK26.3B.
Key information
66.9%
Debt to equity ratio
DKK 96.02b
Debt
Interest coverage ratio | -706.5x |
Cash | DKK 26.31b |
Equity | DKK 143.49b |
Total liabilities | DKK 322.31b |
Total assets | DKK 465.80b |
Recent financial health updates
Is Novo Nordisk (CPH:NOVO B) Using Too Much Debt?
Dec 23Is Novo Nordisk (CPH:NOVO B) Using Too Much Debt?
Jul 27Does Novo Nordisk (CPH:NOVO B) Have A Healthy Balance Sheet?
Apr 14Recent updates
Novo Nordisk (CPH:NOVO B) Is Paying Out A Larger Dividend Than Last Year
Feb 28Novo Nordisk's (CPH:NOVO B) Upcoming Dividend Will Be Larger Than Last Year's
Feb 10The Novo Nordisk A/S (CPH:NOVO B) Full-Year Results Are Out And Analysts Have Published New Forecasts
Feb 07Novo Nordisk A/S (CPH:NOVO B) Not Flying Under The Radar
Jan 09Is Novo Nordisk (CPH:NOVO B) Using Too Much Debt?
Dec 23Solid 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 14Financial Position Analysis
Short Term Liabilities: NOVO B's short term assets (DKK160.9B) do not cover its short term liabilities (DKK217.5B).
Long Term Liabilities: NOVO B's short term assets (DKK160.9B) exceed its long term liabilities (DKK104.8B).
Debt to Equity History and Analysis
Debt Level: NOVO B's net debt to equity ratio (48.6%) is considered high.
Reducing Debt: NOVO B's debt to equity ratio has increased from 1.1% to 66.9% over the past 5 years.
Debt Coverage: NOVO B's debt is well covered by operating cash flow (126%).
Interest Coverage: NOVO B 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) |
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Company Analysis | 2025/03/10 00:10 |
End of Day Share Price | 2025/03/10 00:00 |
Earnings | 2024/12/31 |
Annual Earnings | 2024/12/31 |
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 * |
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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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
Novo Nordisk A/S is covered by 68 analysts. 23 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 |
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null null | ABG Sundal Collier |
Kamla Singh | AlphaValue |
Gerhard Schwarz | Baader Helvea Equity Research |