NVO Debt-to-Equity Ratio Analysis
Updated 587h ago·SEC filings & market data
Key Takeaway
The debt-to-equity ratio measures how much debt a company uses to finance its assets compared to its shareholders' equity; a value of 0.63x means NVO has 63 cents of debt for every $1.00 of equity.
Sector Performance
44th percentileNVO
0.63x
Sector Median
0.72x
Sector Avg
2.46x
Prior Period
0.72x(Jul 2026)
Deep Analysis
The debt-to-equity ratio measures how much debt a company uses to finance its assets compared to its shareholders' equity; a value of 0.63x means NVO has 63 cents of debt for every $1.00 of equity.
This sits below the sector median of 0.74x, placing NVO at the 43rd percentile among peers, so leverage is slightly lighter than typical for the sector. The year-over-year change is not available, but quarter-over-quarter the ratio fell 12.5%, moving from 0.72x to 0.63x. The combination of a below-median level and a declining quarter-over-quarter trend points to lower financial risk from debt, though the absence of a yearly trend limits the strength of that conclusion. This does not contradict the overall NEUTRAL verdict — the moderate leverage and recent reduction offer no clear catalyst for outperformance or distress.
Frequently Asked Questions
What does the Debt-to-Equity Ratio tell investors about NVO?
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
How is the Debt-to-Equity Ratio calculated?
Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.
Learn More About Debt-to-Equity Ratio
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Debt/Equity Ratio: How Much Debt Is Too Much?
The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.
The Formula
Total Debt / Shareholders' Equity
Why It Matters
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
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0.63x
Sector Median
0.72x
Sector Avg
2.46x
How NVO's Debt-to-Equity Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.