Novo Nordisk A/S (NVO)

Novo Nordisk Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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	5,238	4,848	2,853	2,423	940	1,119
Total Trade Receivables	87,803	75,704	74,802	67,193	51,500	41,762
Inventory	51,352	49,623	40,849	31,811	24,388	19,621
Other Current Assets	16,536	20,164	19,829	10,412	8,732	6,727
Total Current Assets	177,317	172,453	161,788	139,646	108,194	85,595
Net Property, Plant & Equipment	219,974	208,378	161,680	90,961	66,671	55,362
Other Intangible Assets	110,033	110,208	90,804	60,406	50,939	43,171
Goodwill	19,877	19,845	20,017	-	-	-
Long-Term Investments	207	366	400	410	327	525
Other Long-Term Assets	31,813	31,652	30,941	23,063	15,126	9,855
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
Current Portion of Long-Term Debt	27,210	12,017	13,113	6,478	1,466	13,684
Other Current Liabilities	183,145	183,886	187,361	137,571	103,887	76,962
Total Current Liabilities	225,158	215,661	217,614	169,655	120,940	99,516
Long-Term Debt	119,172	118,941	89,674	20,528	24,318	12,961
Other Long-Term Liabilities	11,826	14,253	14,856	17,742	12,513	11,285
Total Long-Term Liabilities	130,998	133,194	104,530	38,270	36,831	24,246
Total Liabilities	356,156	348,855	322,144	207,925	157,771	123,762
Common Stock	446	446	446	451	456	462
Treasury Stock	-2	-2	-2	-5	-6	-6
Accumulated Other Comprehensive Income	-3,799	-1,695	-1,406	1,276	2,449	-1,714
Retained Earnings	206,420	195,298	144,448	104,839	80,587	72,004
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
Book Value	203,065	194,047	143,486	106,561	83,486	70,746
Book Value Per Share	45.65	43.63	32.15	23.71	18.37	15.36
Tangible Book Value	73,155	63,994	32,665	46,155	32,547	27,575
Tangible Book Value Per Share	16.45	14.39	7.32	10.27	7.16	5.99

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q