Novo Nordisk A/S (NOVO-B) — Financial Flexibility Index

Latest as of December 2025: 0.07x

Novo Nordisk A/S (NOVO-B) has a Financial Flexibility Index of 0.07x as of December 2025. Free cash flow of Dkr26.05 Billion (operating CF Dkr7.62 Billion minus capex Dkr18.43 Billion) represents 0% of total liabilities (Dkr348.86 Billion). Also explore Novo Nordisk A/S annual equity growth to track the company's year-over-year net asset growth rate.

Financial Flexibility Index

0.07x
Free Cash Flow / Total Liabilities

Free Cash Flow

Dkr26.05 Billion
Operating CF − Capex

Total Liabilities

Dkr348.86 Billion
DKK

Capital Expenditures

Dkr18.43 Billion
DKK

Novo Nordisk A/S Financial Flexibility Index (1990–2025)

Historical Financial Flexibility Index trend for Novo Nordisk A/S across 36 annual periods. Check how strategically is Novo Nordisk A/S's equity deployed to assess the company's strategic physical and investment asset allocation.

Annual Financial Flexibility Index for Novo Nordisk A/S (1990–2025)

Year-by-year free cash flow to debt coverage for Novo Nordisk A/S. For the full company profile including market capitalisation, see market value of Novo Nordisk A/S.

Year Flexibility Index Free Cash Flow (DKK) Operating CF Total Liabilities YoY Change
2025 0.51x Dkr179.24 Billion Dkr119.10 Billion Dkr348.86 Billion ▼ -3.9%
2024 0.53x Dkr172.28 Billion Dkr120.97 Billion Dkr322.31 Billion ▼ -24.8%
2023 0.71x Dkr147.80 Billion Dkr108.91 Billion Dkr207.93 Billion ▲ +19.8%
2022 0.59x Dkr93.64 Billion Dkr78.89 Billion Dkr157.77 Billion ▲ +17.7%
2021 0.50x Dkr62.38 Billion Dkr55.00 Billion Dkr123.76 Billion ▼ -44.4%
2020 0.91x Dkr74.03 Billion Dkr51.95 Billion Dkr81.60 Billion ▲ +6.4%
2019 0.85x Dkr58.01 Billion Dkr46.78 Billion Dkr68.02 Billion ▼ -11.9%
2018 0.97x Dkr57.03 Billion Dkr44.62 Billion Dkr58.93 Billion ▲ +2.1%
2017 0.95x Dkr49.82 Billion Dkr41.17 Billion Dkr52.54 Billion ▼ -12.4%
2016 1.08x Dkr56.58 Billion Dkr48.31 Billion Dkr52.27 Billion ▲ +8.6%
2015 1.00x Dkr44.69 Billion Dkr38.29 Billion Dkr44.83 Billion ▲ +1.7%
2014 0.98x Dkr36.03 Billion Dkr31.69 Billion Dkr36.77 Billion ▼ -8.0%
2013 1.07x Dkr29.59 Billion Dkr25.94 Billion Dkr27.77 Billion ▲ +3.3%
2012 1.03x Dkr25.84 Billion Dkr22.21 Billion Dkr25.04 Billion ▲ +13.8%
2011 0.91x Dkr24.71 Billion Dkr21.37 Billion Dkr27.25 Billion ▼ -6.0%
2010 0.96x Dkr23.58 Billion Dkr19.68 Billion Dkr24.44 Billion ▼ -0.6%
2009 0.97x Dkr18.44 Billion Dkr15.38 Billion Dkr19.01 Billion ▲ +14.7%
2008 0.85x Dkr14.94 Billion Dkr12.90 Billion Dkr17.67 Billion ▲ +6.0%
2007 0.80x Dkr12.43 Billion Dkr10.00 Billion Dkr15.57 Billion ▲ +5.1%
2006 0.76x Dkr11.06 Billion Dkr7.74 Billion Dkr14.57 Billion ▼ -13.8%
2005 0.88x Dkr12.60 Billion Dkr8.70 Billion Dkr14.30 Billion ▼ -10.3%
2004 0.98x Dkr10.81 Billion Dkr7.64 Billion Dkr11.01 Billion ▲ +3.8%
2003 0.95x Dkr8.69 Billion Dkr6.18 Billion Dkr9.19 Billion ▼ -8.3%
2002 1.03x Dkr8.83 Billion Dkr4.88 Billion Dkr8.56 Billion ▲ +9.4%
2001 0.94x Dkr8.25 Billion Dkr4.31 Billion Dkr8.75 Billion ▲ +9.4%
2000 0.86x Dkr7.63 Billion Dkr5.26 Billion Dkr8.86 Billion ▲ +92.3%
1999 0.45x Dkr5.56 Billion Dkr3.63 Billion Dkr12.41 Billion ▼ -25.8%
1998 0.60x Dkr5.61 Billion Dkr3.48 Billion Dkr9.30 Billion ▼ -19.7%
1997 0.75x Dkr5.64 Billion Dkr3.03 Billion Dkr7.51 Billion ▼ -5.0%
1996 0.79x Dkr3.97 Billion Dkr1.92 Billion Dkr5.02 Billion ▲ +12.3%
1995 0.70x Dkr4.03 Billion Dkr2.53 Billion Dkr5.72 Billion ▲ +27.8%
1994 0.55x Dkr4.40 Billion Dkr2.66 Billion Dkr8.00 Billion ▼ -7.0%
1993 0.59x Dkr4.31 Billion Dkr1.91 Billion Dkr7.29 Billion ▲ +12.2%
1992 0.53x Dkr3.28 Billion Dkr1.33 Billion Dkr6.22 Billion ▲ +20.0%
1991 0.44x Dkr2.54 Billion Dkr1.19 Billion Dkr5.77 Billion ▼ -10.1%
1990 0.49x Dkr2.68 Billion Dkr1.50 Billion Dkr5.47 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities