Quick Ratio Analysis of Novo Nordisk A/S - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Quick Ratio
Period Ending - Dec-23
Not Good Quick Ratio
0.636
Period Ending - Dec-22
Not Good Quick Ratio
0.693
Growth
-8.27 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Not Good Quick Ratio
0.500
Quick Ratio Analysis of Novo Nordisk A/S
| Quick Ratio of Novo Nordisk A/S with value of 0.500 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24. |
| Quick Ratio of NVO has fallen by -8.27 % Compared to previous Financial Year. |
| Quick Ratio with value of 0.760 was highest in Year Dec-19 in last Five Years. |
| Quick Ratio with value of 0.636 was lowest in Year Dec-23 in last Five Years. |
| Latest Quick Ratio with value of 0.636 is lower than Average Quick Ratio of 0.685 in last five years. |
Other Quick Ratio Related Info of NVO that may interest you.
Novo Nordisk A/S Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| NVO | 140.37 | 142.5 | 1.49 % | Biotechnology |
Defination of Quick Ratio
Quick assets are those assets that can be converted quickly into cash. It indicates whether the company can pay its current short-term obligations or not using its quick assets. This metric is an improved version of the current ratio. more ..
Quick Ratio Related Ratios
| CurrentRatio | ShortTermDebtToEquityRatio |
Tsr Stability Index
| Good Stability | |
FY - Historical Quick Ratio of Novo Nordisk A/S
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| Quick Ratio | 0.636 | 0.693 | 0.663 | 0.673 | 0.760 | 0.789 | 0.950 |
| Change | -8.27 % | 4.53 % | -1.45 % | -11.46 % | -3.69 % | -16.96 % | -0.786 % |
FY Chart of Quick Ratio of Novo Nordisk A/S
Note : All Data Generated at the End of Trading Hours (EOD Data)