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Credit rating
Company information
About the company
NOVO NORDISK A/S (CVR number: 24256790K) is a company from GLADSAXE. The company reported a net sales of 232261 mDKK in 2023, demonstrating a growth of 31.3 % compared to the previous year. The operating profit percentage was at 44.2 % (EBIT: 102574 mDKK), while net earnings were 83683 mDKK. The profitability of the company measured by Return on Assets (ROA) was 38 %, which can be considered excellent and Return on Equity (ROE) was 88.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 33.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. NOVO NORDISK A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (bDKK)
EBIT (bDKK)
Profitability
Solidity
Key figures (bDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 122.02 | 126.95 | 140.80 | 176.95 | 232.26 |
Gross profit | 101.93 | 106.01 | 117.14 | 148.51 | 196.50 |
EBIT | 52.48 | 54.13 | 58.64 | 74.81 | 102.57 |
Net earnings | 38.95 | 42.14 | 47.76 | 55.52 | 83.68 |
Shareholders equity total | 57.59 | 63.33 | 70.75 | 83.49 | 106.56 |
Balance sheet total (assets) | 241.26 | 314.49 | |||
Net debt | -15.41 | -12.23 | -10.72 | 13.89 | 13.36 |
Profitability | |||||
EBIT-% | 43.0 % | 42.6 % | 41.7 % | 42.3 % | 44.2 % |
ROA | 31.1 % | 38.0 % | |||
ROE | 35.6 % | 34.8 % | 35.6 % | 36.0 % | 88.1 % |
ROI | 48.0 % | 46.1 % | 45.9 % | 29.9 % | 50.8 % |
Economic value added (EVA) | 44.02 | 44.82 | 48.91 | 61.46 | 70.65 |
Solvency | |||||
Equity ratio | 50.0 % | 50.0 % | 50.0 % | 34.6 % | 33.9 % |
Gearing | 31.8 % | 26.0 % | |||
Relative net indebtedness % | -59.8 % | -59.5 % | -57.9 % | 82.0 % | 83.3 % |
Liquidity | |||||
Quick ratio | 0.7 | 0.6 | |||
Current ratio | 0.9 | 0.8 | |||
Cash and cash equivalents | 15.41 | 12.23 | 10.72 | 12.65 | 14.39 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 104.3 | 101.8 | |||
Net working capital % | 47.2 % | 49.9 % | 50.2 % | -7.2 % | -12.9 % |
Credit risk | |||||
Credit rating | C | C | C | A | A |
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