Novo Nordisk A/S (NOVO-B) — Net Asset Quality Index
Novo Nordisk A/S (NOVO-B) has a Net Asset Quality Index of 35.7% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Dkr542.90 Billion minus total liabilities of Dkr348.86 Billion yields net assets of Dkr194.05 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read NOVO-B total liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Novo Nordisk A/S Net Asset Quality Index Over Time (1985–2025)
This chart shows how Novo Nordisk A/S's Net Asset Quality Index has evolved across 41 annual periods from 1985 to 2025. As of December 2025, the index stands at 35.7%, representing net assets of Dkr194.05 Billion against total assets of Dkr542.90 Billion DKK. For live market cap and overall valuation, see NOVO-B market cap overview.
Annual Net Asset Quality Index for Novo Nordisk A/S (1985–2025)
The table below presents the year-by-year Net Asset Quality Index for Novo Nordisk A/S from 1985 to 2025, covering 41 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check Novo Nordisk A/S strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (DKK) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 35.7% | Dkr194.05 Billion | Dkr542.90 Billion | Dkr348.86 Billion | ▲ +4.9 pp |
| 2024 | 30.8% | Dkr143.49 Billion | Dkr465.80 Billion | Dkr322.31 Billion | ▼ -3.1 pp |
| 2023 | 33.9% | Dkr106.56 Billion | Dkr314.49 Billion | Dkr207.93 Billion | ▼ -0.7 pp |
| 2022 | 34.6% | Dkr83.49 Billion | Dkr241.26 Billion | Dkr157.77 Billion | ▼ -1.8 pp |
| 2021 | 36.4% | Dkr70.75 Billion | Dkr194.51 Billion | Dkr123.76 Billion | ▼ -7.3 pp |
| 2020 | 43.7% | Dkr63.33 Billion | Dkr144.92 Billion | Dkr81.60 Billion | ▼ -2.2 pp |
| 2019 | 45.8% | Dkr57.59 Billion | Dkr125.61 Billion | Dkr68.02 Billion | ▼ -0.9 pp |
| 2018 | 46.8% | Dkr51.84 Billion | Dkr110.77 Billion | Dkr58.93 Billion | ▼ -1.9 pp |
| 2017 | 48.7% | Dkr49.81 Billion | Dkr102.36 Billion | Dkr52.54 Billion | ▲ +2.3 pp |
| 2016 | 46.4% | Dkr45.27 Billion | Dkr97.54 Billion | Dkr52.27 Billion | ▼ -4.8 pp |
| 2015 | 51.2% | Dkr46.97 Billion | Dkr91.80 Billion | Dkr44.83 Billion | ▼ -1.1 pp |
| 2014 | 52.3% | Dkr40.29 Billion | Dkr77.06 Billion | Dkr36.77 Billion | ▼ -8.2 pp |
| 2013 | 60.5% | Dkr42.57 Billion | Dkr70.34 Billion | Dkr27.77 Billion | ▼ -1.4 pp |
| 2012 | 61.9% | Dkr40.63 Billion | Dkr65.67 Billion | Dkr25.04 Billion | ▲ +4.0 pp |
| 2011 | 57.9% | Dkr37.45 Billion | Dkr64.70 Billion | Dkr27.25 Billion | ▼ -2.3 pp |
| 2010 | 60.2% | Dkr36.97 Billion | Dkr61.40 Billion | Dkr24.44 Billion | ▼ -5.1 pp |
| 2009 | 65.3% | Dkr35.73 Billion | Dkr54.74 Billion | Dkr19.01 Billion | ▲ +0.1 pp |
| 2008 | 65.2% | Dkr33.06 Billion | Dkr50.73 Billion | Dkr17.67 Billion | ▼ -2.2 pp |
| 2007 | 67.4% | Dkr32.22 Billion | Dkr47.80 Billion | Dkr15.57 Billion | ▲ +0.0 pp |
| 2006 | 67.4% | Dkr30.13 Billion | Dkr44.70 Billion | Dkr14.57 Billion | ▲ +1.5 pp |
| 2005 | 65.9% | Dkr27.59 Billion | Dkr41.90 Billion | Dkr14.30 Billion | ▼ -4.9 pp |
| 2004 | 70.8% | Dkr26.69 Billion | Dkr37.70 Billion | Dkr11.01 Billion | ▼ -2.5 pp |
| 2003 | 73.3% | Dkr25.29 Billion | Dkr34.49 Billion | Dkr9.19 Billion | ▲ +0.5 pp |
| 2002 | 72.8% | Dkr22.90 Billion | Dkr31.45 Billion | Dkr8.56 Billion | ▲ +3.1 pp |
| 2001 | 69.7% | Dkr20.08 Billion | Dkr28.83 Billion | Dkr8.75 Billion | ▲ +5.7 pp |
| 2000 | 64.0% | Dkr15.75 Billion | Dkr24.60 Billion | Dkr8.86 Billion | ▲ +4.0 pp |
| 1999 | 60.0% | Dkr18.63 Billion | Dkr31.04 Billion | Dkr12.41 Billion | ▼ -6.0 pp |
| 1998 | 66.0% | Dkr18.04 Billion | Dkr27.34 Billion | Dkr9.30 Billion | ▼ -4.8 pp |
| 1997 | 70.8% | Dkr18.17 Billion | Dkr25.69 Billion | Dkr7.51 Billion | ▼ -5.4 pp |
| 1996 | 76.1% | Dkr16.02 Billion | Dkr21.05 Billion | Dkr5.02 Billion | ▲ +4.6 pp |
| 1995 | 71.6% | Dkr14.42 Billion | Dkr20.15 Billion | Dkr5.72 Billion | ▲ +9.4 pp |
| 1994 | 62.2% | Dkr13.13 Billion | Dkr21.13 Billion | Dkr8.00 Billion | ▲ +0.0 pp |
| 1993 | 62.1% | Dkr11.95 Billion | Dkr19.24 Billion | Dkr7.29 Billion | ▼ -0.8 pp |
| 1992 | 62.9% | Dkr10.56 Billion | Dkr16.78 Billion | Dkr6.22 Billion | ▲ +0.7 pp |
| 1991 | 62.2% | Dkr9.50 Billion | Dkr15.27 Billion | Dkr5.77 Billion | ▲ +6.0 pp |
| 1990 | 56.2% | Dkr7.03 Billion | Dkr12.50 Billion | Dkr5.47 Billion | ▲ +2.6 pp |
| 1989 | 53.7% | Dkr6.26 Billion | Dkr11.66 Billion | Dkr5.40 Billion | ▼ -6.2 pp |
| 1988 | 59.9% | Dkr5.53 Billion | Dkr9.23 Billion | Dkr3.70 Billion | ▼ -2.6 pp |
| 1987 | 62.5% | Dkr5.17 Billion | Dkr8.27 Billion | Dkr3.10 Billion | ▲ +12.5 pp |
| 1986 | 50.0% | Dkr4.07 Billion | Dkr8.15 Billion | Dkr4.08 Billion | ▼ -16.8 pp |
| 1985 | 66.8% | Dkr4.92 Billion | Dkr7.36 Billion | Dkr2.45 Billion | — |