NOVO NORDISK FONDEN

CVR number: 10582989
Tuborg Havnevej 19, 2900 Hellerup
info@novonordiskfonden.dk
tel: 35276601

Credit rating

Company information

Official name
NOVO NORDISK FONDEN
Personnel
263 persons
Established
1999
Industry
  • Expand more icon64Financial 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 269066 mDKK in 2023, demonstrating a growth of 29.2 % compared to the previous year. The operating profit percentage was at 42.3 % (EBIT: 113784 mDKK), while net earnings were 93345 mDKK. The profitability of the company measured by Return on Assets (ROA) was 22.3 %, which can be considered excellent and Return on Equity (ROE) was 53.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 49.5 %, 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 financials

Net sales (bDKK)

EBIT (bDKK)

Profitability

Solidity

Key figures (bDKK)

See financials
20192020202120222023
Volume
Net sales142.18146.33163.06208.24269.07
Gross profit111.23114.68126.89162.16211.78
EBIT67.2371.4587.0061.00113.78
Net earnings52.9463.4876.7844.6493.34
Shareholders equity total155.66187.12226.86243.99283.23
Balance sheet total (assets)254.02300.36396.47481.68572.74
Net debt-3.482.5119.6249.0251.61
Profitability
EBIT-%47.3 %48.8 %53.4 %29.3 %42.3 %
ROA28.6 %28.3 %26.4 %14.9 %22.3 %
ROE55.2 %53.3 %51.3 %27.1 %53.7 %
ROI36.8 %35.4 %32.5 %18.1 %27.1 %
Economic value added (EVA)50.7753.0167.0135.6879.65
Solvency
Equity ratio61.3 %62.3 %57.2 %50.7 %49.5 %
Gearing8.8 %10.4 %18.2 %26.6 %25.0 %
Relative net indebtedness %57.1 %65.9 %90.8 %106.5 %100.5 %
Liquidity
Quick ratio0.60.60.60.70.6
Current ratio0.90.80.80.90.8
Cash and cash equivalents17.1116.8821.6215.9319.08
Capital use efficiency
Trade debtors turnover (days)74.477.8101.4100.197.6
Net working capital %-6.3 %-12.5 %-23.2 %-7.7 %-11.5 %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:22.3%
Rating: 77/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:49.5%
Rating: 40/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member
Board member
Board member
Board member
Chief executive officer
Board member
Chief executive officer

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