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Novo Nordisk A/S (NVO) Interest Coverage Ratio: 30.34x

The interest coverage ratio for Novo Nordisk A/S (NVO) is 30.34x as of Wednesday, June 17, 2026.

NVO Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

30.34x

NVO Competitors' Interest Coverage Ratio

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
Novo Nordisk A/S (NVO)$193.39B30.34xN/AN/AN/A
Amgen Inc. (AMGN)vs ›$184.40B3.88x3.09x3.93x4.89x
Thermo Fisher Scientific Inc. (TMO)vs ›$171.57B5.71x5.17x6.77x10.10x
Gilead Sciences, Inc. (GILD)vs ›$155.75B11.43x6.56x7.26x7.18x
Abbott Laboratories (ABT)vs ›$154.08B23.60x17.46x17.67x16.77x
Pfizer Inc. (PFE)vs ›$147.73B5.78x5.55x10.96x11.04x
Intuitive Surgical, Inc. (ISRG)vs ›$142.44BN/A55.58x55.58x55.58x
CVS Health Corporation (CVS)vs ›$126.52B3.33x3.10x3.72x4.16x
Danaher Corporation (DHR)vs ›$125.88B19.38x19.02x23.18x23.65x
Vertex Pharmaceuticals Incorporated (VRTX)vs ›$116.49B357.95x357.95x174.48x123.56x

Financial Health Indicators

Interest Coverage

30.3x

Debt/Equity

0.67

Current Ratio

0.80

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

  • < 1.5x: EBIT is less than 1.5 times interest expense
  • 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
  • 3x - 5x: EBIT is between 3 and 5 times interest expense
  • > 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

Novo Nordisk A/S Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Novo Nordisk A/S Interest Coverage Ratio FAQ

What is the interest coverage ratio for Novo Nordisk A/S (NVO)?
The interest coverage ratio for NVO stock is 30.34x.

About Novo Nordisk A/S

Novo Nordisk A/S is a global pharmaceutical firm dedicated to the investigation, creation, manufacturing, and distribution of medicinal products across a vast international footprint. Its market presence extends throughout Europe, the Middle East, Africa, various parts of Asia (including Mainland China, Hong Kong, and Taiwan), and North America. The company's operations are structured into two principal business units: Diabetes and Obesity Care, and Rare Disease. The Diabetes and Obesity Care division delivers therapies for diabetes, obesity, cardiovascular ailments, and other emerging therapeutic areas. Meanwhile, the Rare Disease division concentrates on providing treatments for rare blood disorders, uncommon endocrine conditions, and hormone replacement solutions. In addition to its core pharmaceutical offerings, Novo Nordisk produces specialized medical equipment such as insulin pens, growth hormone pens, and injection needles. It also pioneers smart digital solutions for diabetes management, including advanced insulin pens and the Dose Check application, designed to guide insulin dosage. The company engages in strategic alliances, notably a partnership with UNICEF to combat childhood obesity and a collaboration with Valo Health, Inc. to discover and advance novel drug pipelines in the cardiometabolic space. Founded in 1923, Novo Nordisk A/S is headquartered in Bagsvaerd, Denmark.

Bagsvaerd
77,406 employees
Healthcare / Drug Manufacturers - General
Sector
Healthcare
Industry
Drug Manufacturers - General
CEO
Maziar Mike Doustdar