Novo Nordisk A/S (NOVO-B) — Cash Flow-to-Debt Ratio

Latest as of December 2025: 0.02x

Novo Nordisk A/S (NOVO-B) has a Cash Flow-to-Debt Ratio of 0.02x as of December 2025, meaning its operating cash flow of Dkr7.62 Billion could theoretically repay 0% of its total liabilities (Dkr348.86 Billion) in one year. See cash generation quality of Novo Nordisk A/S to measure how efficiently the company converts operating cash flow to free cash.

CF-to-Debt Ratio

0.02x
Operating CF / Total Liabilities

Operating Cash Flow

Dkr7.62 Billion
DKK

Total Liabilities

Dkr348.86 Billion
DKK

Data as of

Dec 2025
Most recent filing

Novo Nordisk A/S Cash Flow-to-Debt Ratio (1990–2025)

Historical debt coverage capacity for Novo Nordisk A/S across 36 annual periods. Also explore Novo Nordisk A/S (NOVO-B) equity growth momentum to track the company's year-over-year net asset growth rate.

Annual Cash Flow-to-Debt Ratio for Novo Nordisk A/S (1990–2025)

Year-by-year debt coverage analysis for Novo Nordisk A/S. For market capitalisation and broader financial context, see how much is Novo Nordisk A/S worth.

Year CF-to-Debt Ratio Operating CF (DKK) Total Liabilities YoY Change
2025 0.34x Dkr119.10 Billion Dkr348.86 Billion ▼ -9.0%
2024 0.38x Dkr120.97 Billion Dkr322.31 Billion ▼ -28.3%
2023 0.52x Dkr108.91 Billion Dkr207.93 Billion ▲ +4.8%
2022 0.50x Dkr78.89 Billion Dkr157.77 Billion ▲ +12.5%
2021 0.44x Dkr55.00 Billion Dkr123.76 Billion ▼ -30.2%
2020 0.64x Dkr51.95 Billion Dkr81.60 Billion ▼ -7.4%
2019 0.69x Dkr46.78 Billion Dkr68.02 Billion ▼ -9.2%
2018 0.76x Dkr44.62 Billion Dkr58.93 Billion ▼ -3.4%
2017 0.78x Dkr41.17 Billion Dkr52.54 Billion ▼ -15.2%
2016 0.92x Dkr48.31 Billion Dkr52.27 Billion ▲ +8.2%
2015 0.85x Dkr38.29 Billion Dkr44.83 Billion ▼ -0.9%
2014 0.86x Dkr31.69 Billion Dkr36.77 Billion ▼ -7.7%
2013 0.93x Dkr25.94 Billion Dkr27.77 Billion ▲ +5.3%
2012 0.89x Dkr22.21 Billion Dkr25.04 Billion ▲ +13.1%
2011 0.78x Dkr21.37 Billion Dkr27.25 Billion ▼ -2.6%
2010 0.81x Dkr19.68 Billion Dkr24.44 Billion ▼ -0.5%
2009 0.81x Dkr15.38 Billion Dkr19.01 Billion ▲ +10.8%
2008 0.73x Dkr12.90 Billion Dkr17.67 Billion ▲ +13.7%
2007 0.64x Dkr10.00 Billion Dkr15.57 Billion ▲ +20.8%
2006 0.53x Dkr7.74 Billion Dkr14.57 Billion ▼ -12.6%
2005 0.61x Dkr8.70 Billion Dkr14.30 Billion ▼ -12.4%
2004 0.69x Dkr7.64 Billion Dkr11.01 Billion ▲ +3.3%
2003 0.67x Dkr6.18 Billion Dkr9.19 Billion ▲ +17.9%
2002 0.57x Dkr4.88 Billion Dkr8.56 Billion ▲ +15.6%
2001 0.49x Dkr4.31 Billion Dkr8.75 Billion ▼ -17.1%
2000 0.59x Dkr5.26 Billion Dkr8.86 Billion ▲ +103.2%
1999 0.29x Dkr3.63 Billion Dkr12.41 Billion ▼ -21.7%
1998 0.37x Dkr3.48 Billion Dkr9.30 Billion ▼ -7.5%
1997 0.40x Dkr3.03 Billion Dkr7.51 Billion ▲ +5.5%
1996 0.38x Dkr1.92 Billion Dkr5.02 Billion ▼ -13.4%
1995 0.44x Dkr2.53 Billion Dkr5.72 Billion ▲ +32.7%
1994 0.33x Dkr2.66 Billion Dkr8.00 Billion ▲ +26.9%
1993 0.26x Dkr1.91 Billion Dkr7.29 Billion ▲ +22.9%
1992 0.21x Dkr1.33 Billion Dkr6.22 Billion ▲ +3.9%
1991 0.21x Dkr1.19 Billion Dkr5.77 Billion ▼ -25.2%
1990 0.27x Dkr1.50 Billion Dkr5.47 Billion —
Cash Flow-to-Debt Ratio = Operating Cash Flow / Total Liabilities. Higher is better for debt service capacity.