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Novo Nordisk (DE:NOVA)
FRANKFURT:NOVA
Germany Market
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Novo Nordisk (NOVA) Ratios

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Novo Nordisk Ratios

DE:NOVA's free cash flow for Q2 2025 was kr0.83. For the 2025 fiscal year, DE:NOVA's free cash flow was decreased by kr and operating cash flow was kr0.50. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.78 0.82 0.89 0.86 0.94
Quick Ratio
0.56 0.64 0.69 0.66 0.67
Cash Ratio
0.09 0.08 0.10 0.11 0.18
Solvency Ratio
0.37 0.45 0.39 0.43 0.58
Operating Cash Flow Ratio
0.59 0.64 0.65 0.55 0.74
Short-Term Operating Cash Flow Coverage
10.16 20.53 164.35 4.28 7.77
Net Current Asset Value
kr -151.38Bkr -68.28Bkr -49.58Bkr -38.17Bkr -15.79B
Leverage Ratios
Debt-to-Assets Ratio
0.21 0.09 0.11 0.14 0.07
Debt-to-Equity Ratio
0.59 0.25 0.31 0.38 0.16
Debt-to-Capital Ratio
0.37 0.20 0.24 0.27 0.14
Long-Term Debt-to-Capital Ratio
0.34 0.13 0.20 0.12 0.00
Financial Leverage Ratio
2.87 2.95 2.89 2.75 2.29
Debt Service Coverage Ratio
6.11 15.28 73.28 3.49 6.73
Interest Coverage Ratio
16.93 138.80 197.91 23.93 138.78
Debt to Market Cap
0.07 <0.01 <0.01 0.01 <0.01
Interest Debt Per Share
24.22 6.19 5.77 6.33 2.30
Net Debt to EBITDA
0.52 0.11 0.17 0.25 -0.04
Profitability Margins
Gross Profit Margin
83.95%84.60%83.92%83.20%83.51%
EBIT Margin
47.74%45.30%39.45%42.27%42.64%
EBITDA Margin
49.49%48.79%43.18%46.04%46.13%
Operating Profit Margin
45.78%44.16%42.28%41.65%42.64%
Pretax Profit Margin
45.13%45.07%39.03%41.96%41.85%
Net Profit Margin
35.61%36.03%31.38%33.92%33.19%
Continuous Operations Profit Margin
35.61%36.03%31.49%33.94%33.08%
Net Income Per EBT
78.90%79.95%80.40%80.83%79.31%
EBT Per EBIT
98.59%102.05%92.32%100.74%98.16%
Return on Assets (ROA)
23.04%26.61%23.01%24.55%29.08%
Return on Equity (ROE)
77.86%78.53%66.51%67.50%66.54%
Return on Capital Employed (ROCE)
52.00%70.82%62.18%61.74%72.51%
Return on Invested Capital (ROIC)
39.31%54.20%49.39%43.62%52.28%
Return on Tangible Assets
29.67%32.94%29.25%31.56%33.91%
Earnings Yield
7.66%2.67%2.61%2.84%4.24%
Efficiency Ratios
Receivables Turnover
3.63 3.09 3.08 3.01 3.94
Payables Turnover
1.78 1.40 1.83 2.67 3.66
Inventory Turnover
1.10 1.12 1.17 1.21 1.13
Fixed Asset Turnover
1.73 2.55 2.65 2.54 2.53
Asset Turnover
0.65 0.74 0.73 0.72 0.88
Working Capital Turnover Ratio
-5.86 -10.86 -13.27 -15.32 -256.20
Cash Conversion Cycle
227.63 181.60 231.54 287.19 316.07
Days of Sales Outstanding
100.45 118.27 118.61 121.32 92.54
Days of Inventory Outstanding
332.81 324.65 312.91 302.72 323.22
Days of Payables Outstanding
205.62 261.32 199.99 136.85 99.69
Operating Cycle
433.25 442.92 431.52 424.03 415.76
Cash Flow Ratios
Operating Cash Flow Per Share
27.33 24.29 17.41 11.97 11.13
Free Cash Flow Per Share
13.94 15.62 14.16 10.37 6.40
CapEx Per Share
13.39 8.68 3.26 1.61 4.73
Free Cash Flow to Operating Cash Flow
0.51 0.64 0.81 0.87 0.57
Dividend Paid and CapEx Coverage Ratio
1.10 1.54 1.97 1.90 1.23
Capital Expenditure Coverage Ratio
2.04 2.80 5.35 7.45 2.35
Operating Cash Flow Coverage Ratio
1.22 4.03 3.06 2.06 5.02
Operating Cash Flow to Sales Ratio
0.39 0.47 0.45 0.39 0.41
Free Cash Flow Yield
4.26%2.24%3.01%2.83%3.01%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
13.05 37.42 38.35 35.21 23.56
Price-to-Sales (P/S) Ratio
4.67 13.48 12.03 11.94 7.82
Price-to-Book (P/B) Ratio
8.62 29.38 25.50 23.77 15.68
Price-to-Free Cash Flow (P/FCF) Ratio
23.49 44.72 33.20 35.31 33.24
Price-to-Operating Cash Flow Ratio
11.93 28.75 26.99 30.57 19.11
Price-to-Earnings Growth (PEG) Ratio
2.10 -1.57 2.14 2.32 0.20
Price-to-Fair Value
8.62 29.38 25.50 23.77 15.68
Enterprise Value Multiple
9.96 27.74 28.04 26.18 16.91
Enterprise Value
1.54T 3.14T 2.14T 1.70T 990.40B
EV to EBITDA
9.96 27.74 28.04 26.18 16.91
EV to Sales
4.93 13.54 12.11 12.06 7.80
EV to Free Cash Flow
24.80 44.90 33.41 35.65 33.16
EV to Operating Cash Flow
12.65 28.87 27.16 30.86 19.06
Tangible Book Value Per Share
13.54 10.30 7.08 6.00 9.14
Shareholders’ Equity Per Share
37.79 23.77 18.43 15.40 13.57
Tax and Other Ratios
Effective Tax Rate
0.21 0.20 0.20 0.19 0.21
Revenue Per Share
70.15 51.81 39.06 30.65 27.20
Net Income Per Share
24.98 18.67 12.26 10.40 9.03
Tax Burden
0.79 0.80 0.80 0.81 0.79
Interest Burden
0.95 0.99 0.99 0.99 0.98
Research & Development to Revenue
0.15 0.14 0.14 0.13 0.12
SG&A to Revenue
0.02 0.02 0.03 0.03 0.03
Stock-Based Compensation to Revenue
0.00 <0.01 <0.01 <0.01 <0.01
Income Quality
1.09 1.30 1.42 1.15 1.23
Currency in DKK
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