Novo Nordisk Financial Health
How is Novo Nordisk's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NVO's short term assets (DKK103.0B) do not cover its short term liabilities (DKK109.7B).
Long Term Liabilities: NVO's short term assets (DKK103.0B) exceed its long term liabilities (DKK34.8B).
Debt to Equity History and Analysis
Debt Level: NVO has more cash than its total debt.
Reducing Debt: NVO's debt to equity ratio has increased from 3.4% to 34.2% over the past 5 years.
Debt Coverage: NVO's debt is well covered by operating cash flow (259.6%).
Interest Coverage: NVO earns more interest than it pays, so coverage of interest payments is not a concern.