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	498	10,653	15,838	10,921	6,765
Cash & Short-Term Investments	26,962	26,308	30,230	23,574	17,485
Cash Growth	2.49%	-12.97%	28.23%	34.82%	37.06%
Accounts Receivable	70,856	71,949	64,770	50,560	40,643
Other Receivables	4,848	2,853	2,423	940	1,119
Total Trade Receivables	75,704	74,802	67,193	51,500	41,762
Inventory	49,623	40,849	31,811	24,388	19,621
Other Current Assets	20,164	19,829	10,412	8,732	6,727
Total Current Assets	172,453	161,788	139,646	108,194	85,595
Net Property, Plant & Equipment	208,378	161,680	90,961	66,671	55,362
Other Intangible Assets	110,208	90,804	60,406	50,939	43,171
Goodwill	19,845	20,017	-	-	-
Long-Term Investments	366	400	410	327	525
Other Long-Term Assets	31,652	30,941	23,063	15,126	9,855
Total Assets	542,902	465,630	314,486	241,257	194,508
Accounts Payable	19,758	17,140	25,606	15,587	8,870
Current Portion of Long-Term Debt	12,017	13,113	6,478	1,466	13,684
Other Current Liabilities	183,886	187,361	137,760	103,987	77,322
Total Current Liabilities	215,661	217,614	169,655	120,940	99,516
Long-Term Debt	118,941	89,674	20,528	24,318	12,961
Other Long-Term Liabilities	14,253	14,856	17,553	12,413	10,925
Total Long-Term Liabilities	133,194	104,530	38,270	36,831	24,246
Total Liabilities	348,855	322,144	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	465,630	314,486	241,257	194,508
Total Debt	130,958	102,787	27,006	25,784	26,645
Net Cash (Debt)	-103,996	-76,479	3,224	-2,210	-9,160
Net Cash Per Share	-23.38	-17.14	0.72	-0.49	-1.99
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	32,665	46,155	32,547	27,575
Tangible Book Value Per Share	14.39	7.32	10.27	7.16	5.99

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

SEC Filings: 10-K · 10-Q