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Novo Nordisk (DE:NOV)
XETRA:NOV
Germany Market
NOV
Novo Nordisk
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Novo Nordisk (NOV) Ratios

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Novo Nordisk Ratios

DE:NOV's free cash flow for Q2 2026 was kr0.78. For the 2026 fiscal year, DE:NOV's free cash flow was decreased by kr and operating cash flow was kr0.36. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
 0.87 0.80 0.74 0.82 0.89
Quick Ratio
 0.66 0.57 0.55 0.64 0.69
Cash Ratio
 0.19 0.12 0.07 0.08 0.10
Solvency Ratio
 0.37 0.34 0.34 0.45 0.40
Operating Cash Flow Ratio
 0.56 0.55 0.56 0.64 0.65
Short-Term Operating Cash Flow Coverage
 7.26 9.91 10.27 20.53 164.35
Net Current Asset Value
kr -164.97Bkr -176.40Bkr -161.41Bkr -68.28Bkr -49.58B
Leverage Ratios
Debt-to-Assets Ratio
 0.24 0.24 0.22 0.09 0.11
Debt-to-Equity Ratio
 0.63 0.67 0.72 0.25 0.31
Debt-to-Capital Ratio
 0.39 0.40 0.42 0.20 0.24
Long-Term Debt-to-Capital Ratio
 0.36 0.37 0.37 0.13 0.20
Financial Leverage Ratio
 2.69 2.80 3.25 2.95 2.89
Debt Service Coverage Ratio
 7.05 6.46 8.11 15.50 60.89
Interest Coverage Ratio
 86.86 18.83 66.53 138.80 133.83
Debt to Market Cap
 0.12 0.09 0.03 <0.01 0.01
Interest Debt Per Share
 32.01 31.00 23.51 6.19 5.81
Net Debt to EBITDA
 0.55 0.70 0.63 0.11 0.17
Profitability Margins
Gross Profit Margin
80.65%80.98%84.67%84.60%83.92%
EBIT Margin
45.65%43.60%44.36%45.30%39.24%
EBITDA Margin
52.52%48.35%47.31%49.35%43.40%
Operating Profit Margin
43.13%41.30%44.19%44.16%42.28%
Pretax Profit Margin
45.15%42.24%43.80%45.07%39.03%
Net Profit Margin
35.35%33.14%34.78%36.03%31.38%
Continuous Operations Profit Margin
35.35%33.14%34.78%36.03%31.38%
Net Income Per EBT
78.28%78.47%79.40%79.95%80.40%
EBT Per EBIT
104.68%102.26%99.11%102.05%92.32%
Return on Assets (ROA)
19.57%18.87%21.68%26.61%23.01%
Return on Equity (ROE)
59.09%52.79%70.38%78.53%66.51%
Return on Capital Employed (ROCE)
39.93%39.01%51.69%70.82%62.18%
Return on Invested Capital (ROIC)
29.73%29.53%38.99%54.20%49.39%
Return on Tangible Assets
24.62%24.81%28.47%32.94%29.25%
Earnings Yield
10.39%7.09%3.63%2.67%2.61%
Efficiency Ratios
Receivables Turnover
 3.04 4.08 3.32 3.09 3.08
Payables Turnover
 0.41 2.98 1.54 1.40 1.83
Inventory Turnover
 1.24 1.18 1.09 1.12 1.17
Fixed Asset Turnover
 1.42 1.48 1.79 2.55 2.65
Asset Turnover
 0.55 0.57 0.62 0.74 0.73
Working Capital Turnover Ratio
 -8.42 -6.19 -6.70 -10.86 -13.27
Cash Conversion Cycle
 -472.02 274.83 208.27 181.60 231.54
Days of Sales Outstanding
 120.23 89.41 109.87 118.27 118.61
Days of Inventory Outstanding
 294.02 308.10 334.89 324.65 312.91
Days of Payables Outstanding
 886.26 122.67 236.49 261.32 199.99
Operating Cycle
 414.24 397.50 444.76 442.92 431.52
Cash Flow Ratios
Operating Cash Flow Per Share
 30.04 26.81 27.16 24.29 17.41
Free Cash Flow Per Share
 11.05 6.52 15.64 15.62 14.16
CapEx Per Share
 18.99 20.28 11.52 8.68 3.26
Free Cash Flow to Operating Cash Flow
 0.37 0.24 0.58 0.64 0.81
Dividend Paid and CapEx Coverage Ratio
 0.98 0.84 1.27 1.54 1.97
Capital Expenditure Coverage Ratio
 1.58 1.32 2.36 2.80 5.35
Operating Cash Flow Coverage Ratio
 0.95 0.91 1.18 4.03 3.06
Operating Cash Flow to Sales Ratio
 0.40 0.39 0.42 0.47 0.45
Free Cash Flow Yield
4.35%2.01%2.51%2.24%3.02%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
 9.65 14.10 27.53 37.40 38.27
Price-to-Sales (P/S) Ratio
 3.41 4.68 9.57 13.47 12.01
Price-to-Book (P/B) Ratio
 5.06 7.45 19.38 29.37 25.45
Price-to-Free Cash Flow (P/FCF) Ratio
 22.98 49.85 39.91 44.70 33.13
Price-to-Operating Cash Flow Ratio
 8.42 12.13 22.98 28.73 26.94
Price-to-Earnings Growth (PEG) Ratio
 1.93 8.20 1.29 0.72 2.14
Price-to-Fair Value
 5.06 7.45 19.38 29.37 25.45
Enterprise Value Multiple
 7.05 10.37 20.87 27.41 27.84
Enterprise Value
 1.22T 1.55T 2.87T 3.14T 2.14T
EV to EBITDA
 7.05 10.37 20.87 27.41 27.84
EV to Sales
 3.70 5.01 9.87 13.53 12.08
EV to Free Cash Flow
 24.93 53.45 41.16 44.88 33.34
EV to Operating Cash Flow
 9.17 13.01 23.70 28.85 27.10
Tangible Book Value Per Share
 22.41 14.40 7.27 10.30 7.08
Shareholders’ Equity Per Share
 49.97 43.67 32.22 23.77 18.43
Tax and Other Ratios
Effective Tax Rate
 0.22 0.22 0.21 0.20 0.20
Revenue Per Share
 74.40 69.56 65.20 51.81 39.06
Net Income Per Share
 26.30 23.06 22.67 18.67 12.26
Tax Burden
 0.78 0.78 0.79 0.80 0.80
Interest Burden
 0.99 0.97 0.99 0.99 0.99
Research & Development to Revenue
 0.18 0.17 0.17 0.14 0.14
SG&A to Revenue
 0.20 0.23 0.23 0.02 0.03
Stock-Based Compensation to Revenue
 0.00 0.00 0.00 <0.01 <0.01
Income Quality
 1.14 1.16 1.20 1.30 1.42
Currency in DKK