Debt to Equity Ratio Analysis of Novo Nordisk A/S - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Debt to Equity
Period Ending - Dec-23
Excellent Debt to Equity
0.211
Period Ending - Dec-22
Excellent Debt to Equity
0.266
Growth
-20.90 %
Most recent Quarter Debt to Equity
Period Ending - Mar-24
Excellent Debt to Equity
0.272
Debt to Equity Analysis of Novo Nordisk A/S
| Debt to Equity Ratio 0.211 of Novo Nordisk A/S indicates to run a business company uses lower amount of long-term debt. |
| Debt to Equity Ratio of NVO drastically fell by -20.90 % this year. |
| Debt to Equity Ratio with value of 0.330 was highest in Year Dec-21 in last Five Years. |
| Debt to Equity Ratio with value of 0.0256 was lowest in Year Dec-19 in last Five Years. |
| Latest Debt to Equity Ratio with value of 0.211 is Greater than Average Debt to Equity of 0.190 in last five years. |
Other Debt to Equity Related Info of NVO that may interest you.
Novo Nordisk A/S Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| NVO | 135.28 | 132.8 | 1.87 % | Biotechnology |
Defination of Debt to Equity Ratio
Debt to Equity Ratio shows the relationship between the company's total debt and total shareholders fund. And it indicates the ability of a company's shareholders' equity to pay its debt obligations in a tough time. more ..
Debt to Equity Related Ratios
| ShortTermDebtToEquityRatio | DividendCoverageRatio | CurrentRatio |
Tsr Stability Index
| Good Stability | |
FY - Historical Debt to Equity Ratio of Novo Nordisk A/S
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| Debt to Equity | 0.211 | 0.266 | 0.330 | 0.118 | 0.0256 | 0.0099 | 0.0340 |
| Change | -20.90 % | -19.24 % | 180.06 % | 360.23 % | 157.62 % | -70.79 % | 572.23 % |
FY Chart of Debt to Equity Ratio of Novo Nordisk A/S
Note : All Data Generated at the End of Trading Hours (EOD Data)