NOVO NORDISK FONDEN — Credit Rating and Financial Key Figures
Credit rating
Company information
About NOVO NORDISK FONDEN
NOVO NORDISK FONDEN (CVR number: 10582989K) is a company from GENTOFTE. The company reported a net sales of 342798 mDKK in 2024, demonstrating a growth of 27.4 % compared to the previous year. The operating profit percentage was at 42.7 % (EBIT: 146270 mDKK), while net earnings were 126171 mDKK. The profitability of the company measured by Return on Assets (ROA) was 22.6 %, which can be considered excellent and Return on Equity (ROE) was 60.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 46.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. NOVO NORDISK FONDEN'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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 146.33 | 163.06 | 208.24 | 269.07 | 342.80 |
Gross profit | 114.68 | 126.89 | 162.16 | 211.78 | 266.68 |
EBIT | 71.45 | 87.00 | 61.00 | 113.78 | 146.27 |
Net earnings | 63.48 | 76.78 | 44.64 | 93.34 | 126.17 |
Shareholders equity total | 187.12 | 226.86 | 243.99 | 283.23 | 411.23 |
Balance sheet total (assets) | 300.36 | 396.47 | 481.68 | 572.74 | 883.42 |
Net debt | 2.51 | 19.62 | 49.02 | 51.61 | 150.79 |
Profitability | |||||
EBIT-% | 48.8 % | 53.4 % | 29.3 % | 42.3 % | 42.7 % |
ROA | 28.3 % | 26.4 % | 14.9 % | 22.3 % | 22.6 % |
ROE | 53.3 % | 51.3 % | 27.1 % | 53.7 % | 60.6 % |
ROI | 35.4 % | 32.5 % | 18.1 % | 27.1 % | 27.1 % |
Economic value added (EVA) | 50.98 | 64.59 | 32.74 | 77.19 | 100.54 |
Solvency | |||||
Equity ratio | 62.3 % | 57.2 % | 50.7 % | 49.5 % | 46.5 % |
Gearing | 10.4 % | 18.2 % | 26.6 % | 25.0 % | 45.7 % |
Relative net indebtedness % | 65.9 % | 90.8 % | 106.5 % | 100.5 % | 126.9 % |
Liquidity | |||||
Quick ratio | 0.6 | 0.6 | 0.7 | 0.6 | 0.6 |
Current ratio | 0.8 | 0.8 | 0.9 | 0.8 | 0.8 |
Cash and cash equivalents | 16.88 | 21.62 | 15.93 | 19.08 | 37.25 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 77.8 | 101.4 | 100.1 | 97.6 | 91.3 |
Net working capital % | -12.5 % | -23.2 % | -7.7 % | -11.5 % | -11.8 % |
Credit risk | |||||
Credit rating | AA | A | AA | AA | AA |
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