60/100B40.945
USD
0.21
(0.50%)
Market Open
Last updated: · Delayed 15 min
Fair valueNot reliable
Q4 FY2026 · Earnings report
EPS estimate 0.68Revenue estimate 11.78B
Q4 FY2026 · Earnings report
EPS estimate 0.68Revenue estimate 11.78B
Novo-Nordisk A debt to equity ratioWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Novo-Nordisk A/S's debt to equity ratio is 0.62: total debt of 134.48B DKK against shareholders' equity of 217.80B DKK.
- Today
- 0.62
- Average, 5 years
- 0.48
- Low, 5 years
- 0.25
- High, 5 years
- 0.86
Debt to equity = total debt ÷ shareholders' equity = 134.48B ÷ 217.80B = 0.62
Debt to equity
Total debt
Shareholders' equity
Total debt over shareholders' equity at each quarter end.
Debt to equity by year and by quarter
| Fiscal year | Period ending | Debt to equity | Total debt | Shareholders' equity |
|---|---|---|---|---|
| Today | 0.62 | 134.48B | 217.80B | |
| FY2025 | 31 Dec 2025 | 0.67 | 130.96B | 194.05B |
| FY2024 | 31 Dec 2024 | 0.72 | 102.79B | 143.49B |
| FY2023 | 31 Dec 2023 | 0.25 | 27.01B | 106.56B |
| FY2022 | 31 Dec 2022 | 0.31 | 25.78B | 83.49B |
| FY2021 | 31 Dec 2021 | 0.38 | 26.65B | 70.75B |
| FY2020 | 31 Dec 2020 | 0.16 | 10.36B | 63.33B |
| FY2019 | 31 Dec 2019 | 0.08 | 4.48B | 57.59B |
| FY2018 | 31 Dec 2018 | 0.01 | 515.00M | 51.84B |
| FY2017 | 31 Dec 2017 | 0.03 | 1.69B | 49.82B |
| FY2016 | 31 Dec 2016 | 0.01 | 229.00M | 45.27B |
| FY2015 | 31 Dec 2015 | 0.02 | 1.07B | 46.97B |
| FY2014 | 31 Dec 2014 | 0.02 | 720.00M | 40.29B |
| FY2013 | 31 Dec 2013 | 0.01 | 215.00M | 42.57B |
| FY2012 | 31 Dec 2012 | 0.01 | 500.00M | 40.63B |
| FY2011 | 31 Dec 2011 | 0.02 | 853.00M | 37.45B |
| FY2010 | 31 Dec 2010 | 0.06 | 2.22B | 36.97B |
| FY2009 | 31 Dec 2009 | 0.04 | 1.39B | 35.73B |
| FY2008 | 31 Dec 2008 | 0.07 | 2.32B | 33.06B |
| FY2007 | 31 Dec 2007 | 0.04 | 1.37B | 32.22B |
| FY2006 | 31 Dec 2006 | 0.05 | 1.51B | 30.13B |
| FY2005 | 31 Dec 2005 | 0.10 | 2.69B | 27.59B |
| FY2004 | 31 Dec 2004 | 0.06 | 1.71B | 26.69B |
| FY2003 | 31 Dec 2003 | 0.07 | 1.73B | 25.29B |
| FY2002 | 31 Dec 2002 | 0.06 | 1.39B | 22.90B |
| FY2001 | 31 Dec 2001 | 0.08 | 1.69B | 20.08B |
| FY2000 | 31 Dec 2000 | 0.11 | 1.76B | 15.75B |
| FY1999 | 31 Dec 1999 | 0.26 | 4.88B | 18.56B |
| FY1998 | 31 Dec 1998 | 0.15 | 2.76B | 17.97B |
| FY1997 | 31 Dec 1997 | 0.17 | 3.10B | 18.12B |
| FY1996 | 31 Dec 1996 | 0.07 | 1.06B | 16.01B |
| FY1995 | 31 Dec 1995 | 0.14 | 2.05B | 14.41B |
| FY1994 | 31 Dec 1994 | 0.35 | 4.56B | 13.13B |
| FY1993 | 31 Dec 1993 | 0.36 | 4.30B | 11.95B |
| FY1992 | 31 Dec 1992 | 0.34 | 3.58B | 10.56B |
| FY1991 | 31 Dec 1991 | 0.32 | 3.07B | 9.50B |
| FY1990 | 31 Dec 1990 | 0.41 | 2.86B | 7.03B |
| FY1989 | 31 Dec 1989 | 0.54 | 3.37B | 6.26B |
| FY1988 | 31 Dec 1988 | 0.38 | 2.10B | 5.53B |
| FY1987 | 31 Dec 1987 | 0.37 | 1.93B | 5.17B |
| FY1986 | 31 Dec 1986 | 0.24 | 982.43M | 4.07B |
| FY1985 | 31 Dec 1985 | 0.16 | 800.49M | 4.92B |
| Quarter | Period ending | Debt to equity | Total debt | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 0.62 | 134.48B | 217.80B |
| Q2 FY2026 | 30 Jun 2026 | 0.63 | 140.13B | 221.28B |
| Q1 FY2026 | 31 Mar 2026 | 0.72 | 146.38B | 203.07B |
| Q4 FY2025 | 31 Dec 2025 | 0.67 | 130.96B | 194.05B |
| Q3 FY2025 | 30 Sept 2025 | 0.60 | 101.21B | 169.90B |
| Q2 FY2025 | 30 Jun 2025 | 0.59 | 99.27B | 168.07B |
| Q1 FY2025 | 31 Mar 2025 | 0.86 | 118.72B | 138.54B |
| Q4 FY2024 | 31 Dec 2024 | 0.72 | 102.79B | 143.49B |
| Q3 FY2024 | 30 Sept 2024 | 0.47 | 56.97B | 120.52B |
| Q2 FY2024 | 30 Jun 2024 | 0.51 | 8.20B | 16.17B |
| Q1 FY2024 | 31 Mar 2024 | 0.27 | 26.93B | 98.91B |
| Q4 FY2023 | 31 Dec 2023 | 0.25 | 27.01B | 106.56B |
| Q3 FY2023 | 30 Sept 2023 | 0.29 | 3.77B | 13.20B |
| Q2 FY2023 | 30 Jun 2023 | 0.28 | 3.77B | 13.26B |
| Q1 FY2023 | 31 Mar 2023 | 0.32 | 3.72B | 11.65B |
| Q4 FY2022 | 31 Dec 2022 | 0.31 | 25.78B | 83.49B |
| Q3 FY2022 | 30 Sept 2022 | 0.34 | 3.42B | 10.10B |
| Q2 FY2022 | 30 Jun 2022 | 0.34 | 3.58B | 10.47B |
| Q1 FY2022 | 31 Mar 2022 | 0.38 | 3.81B | 9.95B |
| Q4 FY2021 | 31 Dec 2021 | 0.38 | 26.65B | 70.75B |
| Q3 FY2021 | 30 Sept 2021 | 0.21 | 2.14B | 10.30B |
| Q2 FY2021 | 30 Jun 2021 | 0.21 | 2.20B | 10.46B |
| Q1 FY2021 | 31 Mar 2021 | 0.17 | 1.53B | 9.24B |
| Q4 FY2020 | 31 Dec 2020 | 0.16 | 1.70B | 10.41B |
| Q3 FY2020 | 30 Sept 2020 | 0.07 | 646.53M | 9.38B |
| Q2 FY2020 | 30 Jun 2020 | 0.07 | 624.33M | 9.05B |
| Q1 FY2020 | 31 Mar 2020 | 0.08 | 604.34M | 8.00B |
| Q4 FY2019 | 31 Dec 2019 | 0.08 | 673.43M | 8.65B |
| Q3 FY2019 | 30 Sept 2019 | 0.08 | 4.34B | 52.95B |
| Q2 FY2019 | 30 Jun 2019 | 0.08 | 4.23B | 53.09B |
| Q1 FY2019 | 31 Mar 2019 | 0.09 | 4.32B | 47.32B |
| Q4 FY2018 | 31 Dec 2018 | 0.01 | 515.00M | 51.84B |
| Q3 FY2018 | 30 Sept 2018 | 0.01 | 337.00M | 47.51B |
| Q2 FY2018 | 30 Jun 2018 | 0.01 | 247.00M | 49.08B |
| Q1 FY2018 | 31 Mar 2018 | 0.01 | 228.00M | 44.24B |
| Q4 FY2017 | 31 Dec 2017 | 0.03 | 1.69B | 49.82B |
| Q3 FY2017 | 30 Sept 2017 | 0.01 | 260.00M | 46.95B |
| Q2 FY2017 | 30 Jun 2017 | 0.03 | 1.68B | 48.44B |
| Q1 FY2017 | 31 Mar 2017 | 0.02 | 613.00M | 40.30B |
| Q4 FY2016 | 31 Dec 2016 | 0.01 | 229.00M | 45.27B |
| Q3 FY2016 | 30 Sept 2016 | 0.01 | 456.00M | 41.33B |
| Q2 FY2016 | 30 Jun 2016 | 0.01 | 406.00M | 42.59B |
| Q1 FY2016 | 31 Mar 2016 | 0.01 | 406.00M | 37.28B |
| Q4 FY2015 | 31 Dec 2015 | 0.02 | 1.07B | 46.97B |
| Q3 FY2015 | 30 Sept 2015 | 0.01 | 630.00M | 43.11B |
| Q2 FY2015 | 30 Jun 2015 | 0.02 | 736.00M | 39.11B |
| Q1 FY2015 | 31 Mar 2015 | 0.02 | 594.00M | 32.11B |
| Q4 FY2014 | 31 Dec 2014 | 0.02 | 720.00M | 40.29B |
| Q3 FY2014 | 30 Sept 2014 | 0.01 | 284.00M | 37.97B |
| Q2 FY2014 | 30 Jun 2014 | 0.01 | 406.00M | 36.66B |
| Q1 FY2014 | 31 Mar 2014 | 0.02 | 804.00M | 33.58B |
| Q4 FY2013 | 31 Dec 2013 | 0.01 | 215.00M | 42.57B |
| Q3 FY2013 | 30 Sept 2013 | 0.02 | 670.00M | 39.13B |
| Q2 FY2013 | 30 Jun 2013 | 0.02 | 716.00M | 35.36B |
| Q1 FY2013 | 31 Mar 2013 | 0.01 | 300.00M | 33.80B |
| Q4 FY2012 | 31 Dec 2012 | 0.01 | 500.00M | 40.63B |
| Q3 FY2012 | 30 Sept 2012 | 0.03 | 1.09B | 35.66B |
| Q2 FY2012 | 30 Jun 2012 | 0.03 | 890.00M | 31.33B |
| Q1 FY2012 | 31 Mar 2012 | 0.03 | 894.00M | 32.36B |
| Q4 FY2011 | 31 Dec 2011 | 0.02 | 853.00M | 37.45B |
| Q3 FY2011 | 30 Sept 2011 | 0.06 | 2.19B | 35.43B |
| Q2 FY2011 | 30 Jun 2011 | 0.04 | 1.39B | 36.97B |
| Q1 FY2011 | 31 Mar 2011 | 0.04 | 1.51B | 34.77B |
| Q4 FY2010 | 31 Dec 2010 | 0.06 | 2.22B | 36.97B |
| Q3 FY2010 | 30 Sept 2010 | 0.06 | 2.00B | 34.26B |
| Q2 FY2010 | 30 Jun 2010 | 0.13 | 4.29B | 33.64B |
| Q1 FY2010 | 31 Mar 2010 | 0.06 | 2.00B | 32.92B |
| Q4 FY2009 | 31 Dec 2009 | 0.04 | 1.39B | 35.73B |
| Q3 FY2009 | 30 Sept 2009 | 0.03 | 1.19B | 34.87B |
| Q2 FY2009 | 30 Jun 2009 | 0.04 | 1.43B | 34.09B |
| Q1 FY2009 | 31 Mar 2009 | 0.08 | 2.46B | 31.35B |
| Q4 FY2008 | 31 Dec 2008 | 0.07 | 2.32B | 33.06B |
| Q3 FY2008 | 30 Sept 2008 | 0.06 | 1.78B | 32.15B |
| Q2 FY2008 | 30 Jun 2008 | 0.04 | 1.39B | 33.06B |
| Q1 FY2008 | 31 Mar 2008 | 0.05 | 1.55B | 31.22B |
| Q4 FY2007 | 31 Dec 2007 | 0.04 | 1.37B | 32.22B |
| Q3 FY2007 | 30 Sept 2007 | 0.04 | 1.28B | 33.15B |
| Q2 FY2007 | 30 Jun 2007 | 0.04 | 1.26B | 33.49B |
| Q1 FY2007 | 31 Mar 2007 | 0.05 | 1.37B | 29.68B |
| Q4 FY2006 | 31 Dec 2006 | 0.05 | 1.51B | 30.13B |
| Q3 FY2006 | 30 Sept 2006 | 0.05 | 1.48B | 28.30B |
| Q2 FY2006 | 30 Jun 2006 | 0.05 | 1.51B | 28.93B |
| Q1 FY2006 | 31 Mar 2006 | 0.09 | 2.39B | 27.05B |
| Q4 FY2005 | 31 Dec 2005 | 0.10 | 2.69B | 27.59B |
| Q3 FY2005 | 30 Sept 2005 | 0.08 | 2.13B | 26.57B |
| Q2 FY2005 | 30 Jun 2005 | 0.07 | 1.86B | 25.58B |
| Q1 FY2005 | 31 Mar 2005 | 0.06 | 1.67B | 25.74B |
| Q4 FY2004 | 31 Dec 2004 | 0.06 | 1.71B | 26.69B |
| Q3 FY2004 | 30 Sept 2004 | 0.05 | 1.18B | 25.63B |
| Q2 FY2004 | 30 Jun 2004 | 0.05 | 1.21B | 24.93B |
| Q1 FY2004 | 31 Mar 2004 | 0.07 | 1.56B | 23.88B |
| Q4 FY2003 | 31 Dec 2003 | 0.07 | 1.73B | 25.29B |
| Q3 FY2003 | 30 Sept 2003 | — | — | — |
| Q2 FY2003 | 30 Jun 2003 | — | — | — |
| Q1 FY2003 | 31 Mar 2003 | — | — | — |
| Q4 FY2002 | 31 Dec 2002 | 0.06 | 1.39B | 22.90B |
| Q3 FY2002 | 30 Sept 2002 | — | — | — |
| Q2 FY2002 | 30 Jun 2002 | — | — | — |
| Q1 FY2002 | 31 Mar 2002 | — | — | — |
| Q4 FY2001 | 31 Dec 2001 | 0.08 | 1.69B | 20.08B |
| Q3 FY2001 | 30 Sept 2001 | — | — | — |
| Q2 FY2001 | 30 Jun 2001 | — | — | — |
| Q1 FY2001 | 31 Mar 2001 | — | — | — |
| Q4 FY2000 | 31 Dec 2000 | 0.11 | 1.76B | 15.75B |
| Q3 FY2000 | 30 Sept 2000 | — | — | — |
| Q2 FY2000 | 30 Jun 2000 | — | — | — |
| Q1 FY2000 | 31 Mar 2000 | — | — | — |
| Q4 FY1999 | 31 Dec 1999 | 0.26 | 4.88B | 18.56B |
| Q3 FY1999 | 30 Sept 1999 | — | — | — |
| Q2 FY1999 | 30 Jun 1999 | — | — | — |
| Q1 FY1999 | 31 Mar 1999 | — | — | — |
| Q4 FY1998 | 31 Dec 1998 | 0.15 | 2.76B | 17.97B |
| Q3 FY1998 | 30 Sept 1998 | — | — | — |
| Q2 FY1998 | 30 Jun 1998 | — | — | — |
| Q1 FY1998 | 31 Mar 1998 | — | — | — |
| Q4 FY1997 | 31 Dec 1997 | 0.17 | 3.10B | 18.12B |
| Q3 FY1997 | 30 Sept 1997 | — | — | — |
| Q2 FY1997 | 30 Jun 1997 | — | — | — |
| Q1 FY1997 | 31 Mar 1997 | — | — | — |
| Q4 FY1996 | 31 Dec 1996 | 0.07 | 1.06B | 16.01B |
| Q3 FY1996 | 30 Sept 1996 | — | — | — |
| Q2 FY1996 | 30 Jun 1996 | — | — | — |
| Q1 FY1996 | 31 Mar 1996 | — | — | — |
| Q4 FY1995 | 31 Dec 1995 | 0.14 | 2.05B | 14.41B |
| Q3 FY1995 | 30 Sept 1995 | — | — | — |
| Q2 FY1995 | 30 Jun 1995 | — | — | — |
| Q1 FY1995 | 31 Mar 1995 | — | — | — |
| Q4 FY1994 | 31 Dec 1994 | 0.35 | 4.56B | 13.13B |
| Q3 FY1994 | 30 Sept 1994 | — | — | — |
| Q2 FY1994 | 30 Jun 1994 | — | — | — |
| Q1 FY1994 | 31 Mar 1994 | — | — | — |
| Q4 FY1993 | 31 Dec 1993 | 0.36 | 4.30B | 11.95B |
| Q3 FY1993 | 30 Sept 1993 | — | — | — |
| Q2 FY1993 | 30 Jun 1993 | — | — | — |
| Q1 FY1993 | 31 Mar 1993 | — | — | — |
| Q4 FY1992 | 31 Dec 1992 | 0.34 | 3.58B | 10.56B |
| Q3 FY1992 | 30 Sept 1992 | — | — | — |
| Q2 FY1992 | 30 Jun 1992 | — | — | — |
| Q1 FY1992 | 31 Mar 1992 | — | — | — |
| Q4 FY1991 | 31 Dec 1991 | 0.32 | 3.07B | 9.50B |
| Q3 FY1991 | 30 Sept 1991 | — | — | — |
| Q2 FY1991 | 30 Jun 1991 | — | — | — |
| Q1 FY1991 | 31 Mar 1991 | — | — | — |
| Q4 FY1990 | 31 Dec 1990 | 0.41 | 2.86B | 7.03B |
| Q3 FY1990 | 30 Sept 1990 | — | — | — |
| Q2 FY1990 | 30 Jun 1990 | — | — | — |
| Q1 FY1990 | 31 Mar 1990 | — | — | — |
| Q4 FY1989 | 31 Dec 1989 | 0.54 | 3.37B | 6.26B |
| Q3 FY1989 | 30 Sept 1989 | — | — | — |
| Q2 FY1989 | 30 Jun 1989 | — | — | — |
| Q1 FY1989 | 31 Mar 1989 | — | — | — |
| Q4 FY1988 | 31 Dec 1988 | 0.38 | 2.10B | 5.53B |
| Q3 FY1988 | 30 Sept 1988 | — | — | — |
| Q2 FY1988 | 30 Jun 1988 | — | — | — |
| Q1 FY1988 | 31 Mar 1988 | — | — | — |
| Q4 FY1987 | 31 Dec 1987 | 0.37 | 1.93B | 5.17B |
| Q3 FY1987 | 30 Sept 1987 | — | — | — |
| Q2 FY1987 | 30 Jun 1987 | — | — | — |
| Q1 FY1987 | 31 Mar 1987 | — | — | — |
| Q4 FY1986 | 31 Dec 1986 | 0.24 | 982.43M | 4.07B |
| Q3 FY1986 | 30 Sept 1986 | — | — | — |
| Q2 FY1986 | 30 Jun 1986 | — | — | — |
| Q1 FY1986 | 31 Mar 1986 | — | — | — |
| Q4 FY1985 | 31 Dec 1985 | 0.16 | 800.49M | 4.92B |
| Q3 FY1985 | 30 Sept 1985 | — | — | — |
Figures in DKK. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,ROE (return on equity),Current ratio,All ratios
Common questions about Novo-Nordisk A's debt to equity
Source: Financial Modeling PrepVerified against SEC filings