Novo Nordisk Balance Sheet

Financials in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	26,464	15,655	14,392	12,653	10,720
Short-Term Investments	7,180	16,979	18,182	13,648	8,455
Cash & Short-Term Investments	33,644	32,634	32,574	26,301	19,175
Cash Growth	3.09%	0.18%	23.85%	37.16%	27.08%
Accounts Receivable	70,856	71,949	64,770	50,560	40,643
Other Receivables	18,330	19,481	11,921	7,151	6,423
Total Trade Receivables	89,186	91,430	76,691	57,711	47,066
Inventory	49,623	40,849	31,811	24,388	19,621
Total Current Assets	172,453	160,897	139,646	108,194	85,595
Net Property, Plant & Equipment	208,378	162,488	90,961	66,671	55,362
Other Intangible Assets	110,208	111,090	60,406	50,939	43,171
Goodwill	19,845	-	-	-	-
Long-Term Investments	2,507	2,677	1,663	1,343	1,441
Other Long-Term Assets	29,511	24,627	20,380	13,904	8,672
Total Assets	542,902	465,795	314,486	241,257	194,508
Accounts Payable	19,758	28,846	25,606	15,587	8,870
Accrued Expenses	39,721	38,016	28,894	23,706	19,960
Short-Term Debt	14,043	7,531	1,272	2,903	2,184
Other Current Liabilities	142,139	9,716	7,116	7,091	3,658
Total Current Liabilities	215,661	217,528	169,655	120,940	99,516
Long-Term Debt	118,941	102,787	27,006	25,784	26,645
Other Long-Term Liabilities	14,253	135,413	118,031	82,700	62,445
Total Long-Term Liabilities	133,194	104,781	38,270	36,831	24,246
Total Liabilities	348,855	322,309	207,925	157,771	123,762
Common Stock	446	446	451	456	462
Treasury Stock	-2	-2	-5	-6	-6
Accumulated Other Comprehensive Income	-1,695	-1,406	1,276	2,449	-1,714
Retained Earnings	195,298	144,448	104,839	80,587	72,004
Shareholders' Equity	194,047	143,486	106,561	83,486	70,746
Total Liabilities & Equity	542,902	465,795	314,486	241,257	194,508
Total Debt	132,984	110,318	28,278	28,687	28,829
Net Cash (Debt)	-99,340	-77,684	4,296	-2,386	-9,654
Net Cash Per Share	-22.34	-17.41	0.96	-0.53	-2.10
Book Value	194,047	143,486	106,561	83,486	70,746
Book Value Per Share	43.63	32.15	23.71	18.37	15.36
Tangible Book Value	63,994	32,396	46,155	32,547	27,575
Tangible Book Value Per Share	14.39	7.26	10.27	7.16	5.99

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.