Novo Nordisk A/S Cash Flow Quality Index
Novo Nordisk A/S cash flow quality index. Novo Nordisk A/S (NOVO-B) has a Cash Flow Quality Index of 0.28x as of December 2025. Operating cash flow of Dkr7.62 Billion is below net income of Dkr26.89 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Novo Nordisk A/S cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Novo Nordisk A/S (1990–2025)
Cash flow quality index of Novo Nordisk A/S from 1990 to 2025. Historical Cash Flow Quality Index for Novo Nordisk A/S across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. See NOVO-B net asset quality score to measure how much of total assets are equity-financed.
Novo Nordisk A/S Cash Flow Quality Index by Year (1990–2025)
Novo Nordisk A/S cash flow quality index by year from 1990 to 2025. Year-by-year earnings quality comparison for Novo Nordisk A/S. For the full cash flow conversion analysis, see Novo Nordisk A/S cash flow conversion.
| Year | Quality Index | Operating CF (DKK) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.16x | Dkr119.10 Billion | Dkr102.43 Billion | ▼ -2.9% |
| 2024 | 1.20x | Dkr120.97 Billion | Dkr100.99 Billion | ▼ -8.0% |
| 2023 | 1.30x | Dkr108.91 Billion | Dkr83.68 Billion | ▼ -8.4% |
| 2022 | 1.42x | Dkr78.89 Billion | Dkr55.52 Billion | ▲ +23.4% |
| 2021 | 1.15x | Dkr55.00 Billion | Dkr47.76 Billion | ▼ -6.6% |
| 2020 | 1.23x | Dkr51.95 Billion | Dkr42.14 Billion | ▲ +2.7% |
| 2019 | 1.20x | Dkr46.78 Billion | Dkr38.95 Billion | ▲ +4.0% |
| 2018 | 1.16x | Dkr44.62 Billion | Dkr38.63 Billion | ▲ +7.0% |
| 2017 | 1.08x | Dkr41.17 Billion | Dkr38.13 Billion | ▼ -15.2% |
| 2016 | 1.27x | Dkr48.31 Billion | Dkr37.92 Billion | ▲ +16.0% |
| 2015 | 1.10x | Dkr38.29 Billion | Dkr34.86 Billion | ▼ -8.2% |
| 2014 | 1.20x | Dkr31.69 Billion | Dkr26.48 Billion | ▲ +16.2% |
| 2013 | 1.03x | Dkr25.94 Billion | Dkr25.18 Billion | ▼ -0.6% |
| 2012 | 1.04x | Dkr22.21 Billion | Dkr21.43 Billion | ▼ -17.1% |
| 2011 | 1.25x | Dkr21.37 Billion | Dkr17.10 Billion | ▼ -8.5% |
| 2010 | 1.37x | Dkr19.68 Billion | Dkr14.40 Billion | ▼ -4.3% |
| 2009 | 1.43x | Dkr15.38 Billion | Dkr10.77 Billion | ▲ +7.0% |
| 2008 | 1.33x | Dkr12.90 Billion | Dkr9.67 Billion | ▲ +13.9% |
| 2007 | 1.17x | Dkr10.00 Billion | Dkr8.54 Billion | ▼ -2.4% |
| 2006 | 1.20x | Dkr7.74 Billion | Dkr6.45 Billion | ▼ -19.2% |
| 2005 | 1.49x | Dkr8.70 Billion | Dkr5.86 Billion | ▼ -1.9% |
| 2004 | 1.51x | Dkr7.64 Billion | Dkr5.05 Billion | ▲ +19.4% |
| 2003 | 1.27x | Dkr6.18 Billion | Dkr4.87 Billion | ▲ +6.4% |
| 2002 | 1.19x | Dkr4.88 Billion | Dkr4.09 Billion | ▲ +6.5% |
| 2001 | 1.12x | Dkr4.31 Billion | Dkr3.85 Billion | ▼ -34.3% |
| 2000 | 1.70x | Dkr5.26 Billion | Dkr3.09 Billion | ▲ +13.5% |
| 1999 | 1.50x | Dkr3.63 Billion | Dkr2.42 Billion | ▲ +4.3% |
| 1998 | 1.44x | Dkr3.48 Billion | Dkr2.41 Billion | ▲ +5.4% |
| 1997 | 1.37x | Dkr3.03 Billion | Dkr2.22 Billion | ▲ +28.2% |
| 1996 | 1.07x | Dkr1.92 Billion | Dkr1.80 Billion | ▼ -34.2% |
| 1995 | 1.62x | Dkr2.53 Billion | Dkr1.56 Billion | ▼ -12.9% |
| 1994 | 1.86x | Dkr2.66 Billion | Dkr1.43 Billion | ▲ +39.2% |
| 1993 | 1.34x | Dkr1.91 Billion | Dkr1.43 Billion | ▲ +28.1% |
| 1992 | 1.04x | Dkr1.33 Billion | Dkr1.27 Billion | ▼ -18.2% |
| 1991 | 1.28x | Dkr1.19 Billion | Dkr930.19 Million | ▼ -35.6% |
| 1990 | 1.98x | Dkr1.50 Billion | Dkr760.12 Million | — |