Novo Nordisk Balance Sheet

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	21,127	26,464	15,655	14,392	12,653	10,720
Short-Term Investments	499	498	10,653	15,838	10,921	6,765
Cash & Short-Term Investments	21,626	26,962	26,308	30,230	23,574	17,485
Cash Growth	-47.95%	2.49%	-12.97%	28.23%	34.82%	37.06%
Accounts Receivable	82,565	70,856	71,949	64,770	50,560	40,643
Other Receivables	17,703	18,330	16,356	10,491	6,945	6,156
Receivables	100,268	89,186	88,305	75,261	57,505	46,799
Inventory	51,352	49,623	40,849	31,811	24,388	19,621
Other Current Assets	4,071	6,682	6,326	2,344	2,727	1,690
Total Current Assets	177,317	172,453	161,788	139,646	108,194	85,595
Property, Plant & Equipment	219,974	208,378	161,680	90,961	66,671	55,362
Long-Term Investments	2,241	2,507	2,677	1,663	1,343	1,441
Goodwill	19,877	19,845	20,017	4,464	4,615	4,346
Other Intangible Assets	110,033	110,208	90,804	55,942	46,324	38,825
Long-Term Deferred Tax Assets	23,787	23,647	24,648	20,380	13,904	8,672
Other Long-Term Assets	5,992	5,864	4,016	1,430	206	267
Total Assets	559,221	542,902	465,630	314,486	241,257	194,508
Accounts Payable	14,803	19,758	17,140	25,606	15,587	8,870
Accrued Expenses	-	917	960	600	875	-
Short-Term Debt	-	928	5,792	456	480	12,862
Current Portion of Long-Term Debt	27,210	9,753	5,983	4,848	-	-
Current Portion of Leases	-	1,336	1,338	1,174	986	822
Current Income Taxes Payable	16,149	8,416	9,716	7,116	7,091	3,658
Other Current Liabilities	166,996	174,553	176,685	129,855	95,921	73,304
Total Current Liabilities	225,158	215,661	217,614	169,655	120,940	99,516
Long-Term Debt	110,335	111,705	84,246	15,976	20,775	9,654
Long-Term Leases	8,837	7,236	5,428	4,552	3,543	3,307
Pension & Post-Retirement Benefits	824	861	903	742	762	1,280
Long-Term Deferred Tax Liabilities	5,008	6,611	5,515	10,162	7,061	5,271
Other Long-Term Liabilities	5,994	6,781	8,438	6,838	4,690	4,734
Total Liabilities	356,156	348,855	322,144	207,925	157,771	123,762
Common Stock	446	446	446	451	456	462
Retained Earnings	206,420	195,298	144,448	104,839	80,587	72,004
Treasury Stock	-2	-2	-2	-5	-6	-6
Comprehensive Income & Other	-3,799	-1,695	-1,406	1,276	2,449	-1,714
Shareholders' Equity	203,065	194,047	143,486	106,561	83,486	70,746
Total Liabilities & Equity	559,221	542,902	465,630	314,486	241,257	194,508
Total Debt	146,382	130,958	102,787	27,006	25,784	26,645
Net Cash (Debt)	-124,756	-103,996	-76,479	3,224	-2,210	-9,160
Net Cash Per Share	-28.05	-23.38	-17.14	0.72	-0.49	-1.99
Filing Date Shares Outstanding	4,443	4,444	4,441	4,458	4,501	4,558
Total Common Shares Outstanding	4,443	4,444	4,441	4,458	4,501	4,558
Working Capital	-47,841	-43,208	-55,826	-30,009	-12,746	-13,921
Book Value Per Share	45.71	43.66	32.31	23.90	18.55	15.52
Tangible Book Value	73,155	63,994	32,665	46,155	32,547	27,575
Tangible Book Value Per Share	16.47	14.40	7.36	10.35	7.23	6.05
Land	-	65,559	61,374	48,990	43,403	41,076
Machinery	-	71,133	67,205	49,930	45,662	43,720
Construction In Progress	-	130,622	85,497	39,663	22,361	11,091

Source: S&P Global Market Intelligence. Standard template. Financial Sources.