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
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Novo Nordisk A/S (NVO) | $193.39B | 30.34x | N/A | N/A | N/A |
| Amgen Inc. (AMGN)vs › | $184.40B | 3.88x | 3.09x | 3.93x | 4.89x |
| Thermo Fisher Scientific Inc. (TMO)vs › | $171.57B | 5.71x | 5.17x | 6.77x | 10.10x |
| Gilead Sciences, Inc. (GILD)vs › | $155.75B | 11.43x | 6.56x | 7.26x | 7.18x |
| Abbott Laboratories (ABT)vs › | $154.08B | 23.60x | 17.46x | 17.67x | 16.77x |
| Pfizer Inc. (PFE)vs › | $147.73B | 5.78x | 5.55x | 10.96x | 11.04x |
| Intuitive Surgical, Inc. (ISRG)vs › | $142.44B | N/A | 55.58x | 55.58x | 55.58x |
| CVS Health Corporation (CVS)vs › | $126.52B | 3.33x | 3.10x | 3.72x | 4.16x |
| Danaher Corporation (DHR)vs › | $125.88B | 19.38x | 19.02x | 23.18x | 23.65x |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $116.49B | 357.95x | 357.95x | 174.48x | 123.56x |
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.
- Sector
- Healthcare
- Industry
- Drug Manufacturers - General
- CEO
- Maziar Mike Doustdar