Novo Historical Balance Sheet

NVO Stock

USD 102.99 2.28 2.17%

Trend analysis of Novo Nordisk AS balance sheet accounts such as Total Current Liabilities of 178.1 B provides information on Novo Nordisk's total assets, liabilities, and equity, which is the actual value of Novo Nordisk AS to its prevalent stockholders. By breaking down trends over time using Novo Nordisk balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Black Monday

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Novo Nordisk AS latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Novo Nordisk AS is a good buy for the upcoming year.

Novo Nordisk Inventory

33.4 Billion

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novo Nordisk AS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

About Novo Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Novo Nordisk AS at a specified time, usually calculated after every quarter, six months, or one year. Novo Nordisk Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Novo Nordisk and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Novo currently owns. An asset can also be divided into two categories, current and non-current.

Novo Nordisk Balance Sheet Chart

At this time, Novo Nordisk's Net Debt is very stable compared to the past year. As of the 21st of November 2024, Retained Earnings is likely to grow to about 110.1 B, while Cash is likely to drop about 8.1 B.

Total Assets Short Long Term Debt Total Total Current Liabilities Total Stockholder Equity Common Stock Shares Outstanding

Add Fundamental

Total Assets

Total assets refers to the total amount of Novo Nordisk assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Novo Nordisk AS books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Novo Nordisk balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Novo Nordisk AS are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most accounts from Novo Nordisk's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Novo Nordisk AS current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novo Nordisk AS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	26.6B	25.8B	27.0B	28.4B
Total Assets	194.5B	241.3B	314.5B	330.2B

Short Long Term Debt Total Total Assets

Novo Nordisk balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.92	0.77	1.0	0.98	0.99	0.78	0.98	0.0	1.0	0.17	0.84	1.0	0.45	0.96	0.98	-0.27	1.0	0.99	0.99	0.62	0.96	0.47	0.96	-0.68	-0.69
Short Long Term Debt Total	0.92		0.6	0.92	0.87	0.88	0.95	0.86	-0.24	0.95	-0.06	0.64	0.92	0.36	0.97	0.85	-0.21	0.94	0.96	0.88	0.76	0.98	0.49	0.85	-0.52	-0.53
Other Current Liab	0.77	0.6		0.77	0.74	0.74	0.51	0.72	-0.09	0.76	0.24	0.75	0.77	0.1	0.77	0.74	-0.12	0.78	0.75	0.78	0.04	0.71	0.25	0.89	-0.33	-0.32
Total Current Liabilities	1.0	0.92	0.77		0.97	0.98	0.78	0.97	-0.02	1.0	0.2	0.82	1.0	0.46	0.96	0.98	-0.29	1.0	0.98	0.99	0.63	0.96	0.44	0.97	-0.66	-0.66
Total Stockholder Equity	0.98	0.87	0.74	0.97		0.98	0.69	1.0	0.12	0.97	0.19	0.87	0.98	0.47	0.92	0.99	-0.28	0.97	0.95	0.99	0.6	0.91	0.5	0.94	-0.78	-0.78
Property Plant And Equipment Net	0.99	0.88	0.74	0.98	0.98		0.72	0.98	0.05	0.98	0.23	0.8	0.98	0.54	0.92	0.99	-0.29	0.98	0.95	0.98	0.61	0.93	0.43	0.94	-0.73	-0.73
Net Debt	0.78	0.95	0.51	0.78	0.69	0.72		0.68	-0.51	0.83	-0.23	0.4	0.78	0.18	0.88	0.66	-0.15	0.81	0.85	0.7	0.73	0.91	0.44	0.72	-0.26	-0.27
Retained Earnings	0.98	0.86	0.72	0.97	1.0	0.98	0.68		0.14	0.96	0.2	0.87	0.98	0.49	0.9	0.99	-0.28	0.96	0.94	0.99	0.61	0.91	0.48	0.93	-0.8	-0.8
Cash	0.0	-0.24	-0.09	-0.02	0.12	0.05	-0.51	0.14		-0.07	0.46	0.35	0.01	0.47	-0.16	0.15	-0.1	-0.05	-0.1	0.1	-0.18	-0.21	0.03	-0.06	-0.63	-0.6
Non Current Assets Total	1.0	0.95	0.76	1.0	0.97	0.98	0.83	0.96	-0.07		0.13	0.79	0.99	0.44	0.97	0.97	-0.26	1.0	0.99	0.98	0.65	0.98	0.47	0.96	-0.64	-0.65
Non Currrent Assets Other	0.17	-0.06	0.24	0.2	0.19	0.23	-0.23	0.2	0.46	0.13		0.31	0.19	0.59	0.03	0.28	-0.2	0.16	0.15	0.23	-0.09	0.03	-0.06	0.23	-0.28	-0.27
Cash And Short Term Investments	0.84	0.64	0.75	0.82	0.87	0.8	0.4	0.87	0.35	0.79	0.31		0.84	0.31	0.76	0.86	-0.13	0.81	0.8	0.89	0.31	0.72	0.34	0.86	-0.71	-0.71
Net Receivables	1.0	0.92	0.77	1.0	0.98	0.98	0.78	0.98	0.01	0.99	0.19	0.84		0.46	0.96	0.98	-0.29	1.0	0.99	0.99	0.62	0.96	0.46	0.97	-0.68	-0.69
Common Stock Shares Outstanding	0.45	0.36	0.1	0.46	0.47	0.54	0.18	0.49	0.47	0.44	0.59	0.31	0.46		0.36	0.55	-0.32	0.44	0.41	0.46	0.37	0.36	0.23	0.31	-0.66	-0.66
Non Current Liabilities Total	0.96	0.97	0.77	0.96	0.92	0.92	0.88	0.9	-0.16	0.97	0.03	0.76	0.96	0.36		0.9	-0.17	0.97	0.98	0.94	0.6	0.99	0.48	0.93	-0.54	-0.55
Inventory	0.98	0.85	0.74	0.98	0.99	0.99	0.66	0.99	0.15	0.97	0.28	0.86	0.98	0.55	0.9		-0.3	0.97	0.94	0.99	0.58	0.9	0.44	0.94	-0.78	-0.78
Other Stockholder Equity	-0.27	-0.21	-0.12	-0.29	-0.28	-0.29	-0.15	-0.28	-0.1	-0.26	-0.2	-0.13	-0.29	-0.32	-0.17	-0.3		-0.26	-0.24	-0.28	-0.21	-0.22	-0.39	-0.23	0.36	0.36
Total Liab	1.0	0.94	0.78	1.0	0.97	0.98	0.81	0.96	-0.05	1.0	0.16	0.81	1.0	0.44	0.97	0.97	-0.26		0.99	0.98	0.62	0.98	0.45	0.97	-0.64	-0.64
Property Plant And Equipment Gross	0.99	0.96	0.75	0.98	0.95	0.95	0.85	0.94	-0.1	0.99	0.15	0.8	0.99	0.41	0.98	0.94	-0.24	0.99		0.97	0.66	0.99	0.49	0.95	-0.61	-0.62
Total Current Assets	0.99	0.88	0.78	0.99	0.99	0.98	0.7	0.99	0.1	0.98	0.23	0.89	0.99	0.46	0.94	0.99	-0.28	0.98	0.97		0.57	0.93	0.46	0.96	-0.73	-0.73
Short Term Debt	0.62	0.76	0.04	0.63	0.6	0.61	0.73	0.61	-0.18	0.65	-0.09	0.31	0.62	0.37	0.6	0.58	-0.21	0.62	0.66	0.57		0.69	0.37	0.47	-0.47	-0.48
Intangible Assets	0.96	0.98	0.71	0.96	0.91	0.93	0.91	0.91	-0.21	0.98	0.03	0.72	0.96	0.36	0.99	0.9	-0.22	0.98	0.99	0.93	0.69		0.49	0.92	-0.54	-0.54
Other Current Assets	0.47	0.49	0.25	0.44	0.5	0.43	0.44	0.48	0.03	0.47	-0.06	0.34	0.46	0.23	0.48	0.44	-0.39	0.45	0.49	0.46	0.37	0.49		0.4	-0.47	-0.47
Accounts Payable	0.96	0.85	0.89	0.97	0.94	0.94	0.72	0.93	-0.06	0.96	0.23	0.86	0.97	0.31	0.93	0.94	-0.23	0.97	0.95	0.96	0.47	0.92	0.4		-0.56	-0.55
Common Stock Total Equity	-0.68	-0.52	-0.33	-0.66	-0.78	-0.73	-0.26	-0.8	-0.63	-0.64	-0.28	-0.71	-0.68	-0.66	-0.54	-0.78	0.36	-0.64	-0.61	-0.73	-0.47	-0.54	-0.47	-0.56		0.99
Common Stock	-0.69	-0.53	-0.32	-0.66	-0.78	-0.73	-0.27	-0.8	-0.6	-0.65	-0.27	-0.71	-0.69	-0.66	-0.55	-0.78	0.36	-0.64	-0.62	-0.73	-0.48	-0.54	-0.47	-0.55	0.99

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Novo Nordisk Account Relationship Matchups

Novo Nordisk balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	125.6B	144.9B	194.5B	241.3B	314.5B	330.2B
Short Long Term Debt Total	4.5B	10.4B	26.6B	25.8B	27.0B	28.4B
Other Current Liab	15.8B	(24.3B)	(37.1B)	96.8B	130.5B	137.0B
Total Current Liabilities	59.0B	70.3B	99.5B	120.9B	169.7B	178.1B
Total Stockholder Equity	57.6B	63.3B	70.7B	83.5B	106.6B	111.9B
Property Plant And Equipment Net	50.6B	50.3B	55.4B	66.7B	91.0B	95.5B
Net Debt	(11.0B)	(2.4B)	15.9B	13.1B	12.6B	13.2B
Retained Earnings	57.8B	63.8B	72.0B	80.6B	104.8B	110.1B
Cash	15.5B	12.8B	10.7B	12.7B	14.4B	8.1B
Non Current Assets Total	63.2B	79.1B	108.9B	133.1B	174.8B	183.6B
Non Currrent Assets Other	841M	674M	267M	206M	21.8B	22.9B
Cash And Short Term Investments	15.5B	12.8B	17.5B	23.6B	30.2B	31.7B
Net Receivables	29.2B	32.2B	46.8B	57.5B	75.3B	79.0B
Common Stock Shares Outstanding	4.8B	4.7B	4.6B	4.5B	4.5B	3.7B
Liabilities And Stockholders Equity	125.6B	144.9B	194.5B	241.3B	314.5B	330.2B
Non Current Liabilities Total	9.0B	11.3B	24.2B	36.8B	38.3B	40.2B
Inventory	17.6B	18.5B	19.6B	24.4B	31.8B	33.4B
Total Liab	68.0B	81.6B	123.8B	157.8B	207.9B	218.3B
Property Plant And Equipment Gross	30.3B	50.3B	95.9B	111.4B	138.6B	145.5B
Total Current Assets	62.5B	65.8B	85.6B	108.2B	139.6B	146.6B
Accumulated Other Comprehensive Income	(694M)	(911M)	(1.7B)	2.4B	1.3B	1.3B
Short Term Debt	1.5B	7.5B	13.7B	1.5B	6.5B	6.8B
Intangible Assets	5.8B	20.7B	38.8B	46.3B	55.9B	58.7B
Other Current Assets	188M	2.3B	1.7B	2.7B	2.3B	1.5B
Accounts Payable	6.4B	5.7B	8.9B	15.6B	25.6B	26.9B
Common Stock Total Equity	500M	490M	480M	470M	423M	493.1M
Common Stock	480M	470M	462M	456M	451M	478.4M
Other Liab	6.0B	8.4B	11.3B	12.5B	14.4B	15.1B
Property Plant Equipment	50.6B	50.3B	55.4B	66.7B	76.7B	80.5B
Current Deferred Revenue	35.3B	38.7B	55.2B	107.6B	123.7B	129.9B
Other Assets	5.0B	6.5B	8.9B	13.4B	15.4B	16.2B
Net Tangible Assets	51.8B	42.7B	27.6B	32.1B	36.9B	37.0B
Long Term Investments	1.8B	1.6B	1.4B	1.3B	1.7B	1.5B
Short Long Term Debt	659M	6.7B	12.9B	480M	5.3B	2.9B
Long Term Debt Total	3.0B	2.9B	13.0B	24.3B	28.0B	29.4B

Pair Trading with Novo Nordisk

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Novo Nordisk position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Novo Nordisk will appreciate offsetting losses from the drop in the long position's value.

Moving together with Novo Stock

0.75	ME	23Andme Holding	Pair Corr
0.87	VALN	Valneva SE ADR Downward Rally	Pair Corr

Moving against Novo Stock

0.87	VRNA	Verona Pharma PLC	Pair Corr
0.76	DRUG	Bright Minds Biosciences	Pair Corr
0.73	VERA	Vera Therapeutics	Pair Corr
0.73	SABSW	SAB Biotherapeutics	Pair Corr
0.66	VRDN	Viridian Therapeutics	Pair Corr

The ability to find closely correlated positions to Novo Nordisk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Novo Nordisk when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Novo Nordisk - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Novo Nordisk AS to buy it.

The correlation of Novo Nordisk is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Novo Nordisk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Novo Nordisk AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Novo Nordisk can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Novo Nordisk AS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Novo Nordisk's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Novo Nordisk As Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Novo Nordisk As Stock:

How To Invest In Novo

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Is Novo Stock a good investment?

Details

What is Novo Nordisk's Net Worth?

Details

Largest Pharmaceuticals Companies

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You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Novo Nordisk. If investors know Novo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Novo Nordisk listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.224

Dividend Share

9.9

Earnings Share

2.99

Revenue Per Share

60.698

Quarterly Revenue Growth

0.214

The market value of Novo Nordisk AS is measured differently than its book value, which is the value of Novo that is recorded on the company's balance sheet. Investors also form their own opinion of Novo Nordisk's value that differs from its market value or its book value, called intrinsic value, which is Novo Nordisk's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Novo Nordisk's market value can be influenced by many factors that don't directly affect Novo Nordisk's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Novo Nordisk's value and its price as these two are different measures arrived at by different means. Investors typically determine if Novo Nordisk is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novo Nordisk's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Novo Historical Balance Sheet

Novo Nordisk Inventory

33.4 Billion

About Novo Balance Sheet Analysis

Novo Nordisk Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Common Stock Shares Outstanding

Novo Nordisk balance sheet Correlations

Novo Nordisk Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Novo Nordisk balance sheet Accounts

Pair Trading with Novo Nordisk

Moving together with Novo Stock

Moving against Novo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Current Liabilities
Net Receivables	+ 1.0	Total Current Liabilities

Common Stock	- 0.8	Retained Earnings
Common Stock Total Equity	- 0.8	Retained Earnings
Common Stock	- 0.78	Inventory
Common Stock Total Equity	- 0.78	Inventory
Common Stock	- 0.78	Total Stockholder Equity
Common Stock Total Equity	- 0.78	Total Stockholder Equity