Novo Nordisk Balance Sheet Health
Financial Health criteria checks 4/6
Novo Nordisk has a total shareholder equity of DKK112.5B and total debt of DKK57.1B, which brings its debt-to-equity ratio to 50.7%. Its total assets and total liabilities are DKK369.4B and DKK256.9B respectively. Novo Nordisk's EBIT is DKK118.6B making its interest coverage ratio -225. It has cash and short-term investments of DKK62.7B.
Key information
50.7%
Debt to equity ratio
DKK 57.06b
Debt
Interest coverage ratio | -225x |
Cash | DKK 62.65b |
Equity | DKK 112.52b |
Total liabilities | DKK 256.86b |
Total assets | DKK 369.38b |
Recent financial health updates
Is Novo Nordisk (CPH:NOVO B) Using Too Much Debt?
Jul 27Does 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
Novo 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 24Calculating The Intrinsic Value Of Novo Nordisk A/S (CPH:NOVO B)
Aug 20Financial Position Analysis
Short Term Liabilities: NOVO B's short term assets (DKK177.5B) do not cover its short term liabilities (DKK187.9B).
Long Term Liabilities: NOVO B's short term assets (DKK177.5B) exceed its long term liabilities (DKK69.0B).
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% to 50.7% over the past 5 years.
Debt Coverage: NOVO B's debt is well covered by operating cash flow (202.1%).
Interest Coverage: NOVO B earns more interest than it pays, so coverage of interest payments is not a concern.