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NOVO NORDISK FONDEN
Credit rating
Company information
64Financial service activities, except insurance and pension funding
About the company
NOVO NORDISK FONDEN (CVR number: 10582989K) is a company from GENTOFTE. The company reported a net sales of 208240 mDKK in 2022, demonstrating a growth of 27.7 % compared to the previous year. The operating profit percentage was at 29.3 % (EBIT: 60995 mDKK), while net earnings were 44644 mDKK. The profitability of the company measured by Return on Assets (ROA) was 14.9 %, which can be considered good but Return on Equity (ROE) was 27.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 50.7 %, 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 financials| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 131.40 | 142.18 | 146.33 | 163.06 | 208.24 |
| Gross profit | 103.31 | 111.23 | 114.68 | 126.89 | 162.16 |
| EBIT | 50.58 | 67.23 | 71.45 | 87.00 | 61.00 |
| Net earnings | 39.11 | 52.94 | 63.48 | 76.78 | 44.64 |
| Shareholders equity total | 132.72 | 155.66 | 187.12 | 226.86 | 243.99 |
| Balance sheet total (assets) | 219.09 | 254.02 | 300.36 | 396.47 | 481.68 |
| Net debt | -10.02 | -3.48 | 2.51 | 19.62 | 35.24 |
| Profitability | |||||
| EBIT-% | 38.5 % | 47.3 % | 48.8 % | 53.4 % | 29.3 % |
| ROA | 24.1 % | 28.6 % | 28.3 % | 26.4 % | 14.9 % |
| ROE | 46.7 % | 55.2 % | 53.3 % | 51.3 % | 27.1 % |
| ROI | 31.5 % | 36.8 % | 35.4 % | 32.5 % | 18.5 % |
| Economic value added (EVA) | 36.10 | 50.77 | 53.01 | 67.01 | 35.68 |
| Solvency | |||||
| Equity ratio | 60.6 % | 61.3 % | 62.3 % | 57.2 % | 50.7 % |
| Gearing | 5.9 % | 8.8 % | 10.4 % | 18.2 % | 26.6 % |
| Relative net indebtedness % | 52.1 % | 57.1 % | 65.9 % | 90.8 % | 99.9 % |
| Liquidity | |||||
| Quick ratio | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 |
| Current ratio | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 |
| Cash and cash equivalents | 17.88 | 17.11 | 16.88 | 21.62 | 29.71 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 72.6 | 74.4 | 77.8 | 101.4 | 100.1 |
| Net working capital % | -4.0 % | -6.3 % | -12.5 % | -23.2 % | -21.1 % |
| Credit risk | |||||
| Credit rating | A | A | A | A | A |
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