Quick Ratio
Higher than 5% of Healthcare sector peers
Updated 30h ago
Sector Performance
5th percentileNVO
0.46x
Sector Median
1.08x
Sector Avg
2.19x
Deep Analysis
The quick ratio measures a company’s ability to cover short-term debts with its most liquid assets (cash, marketable securities, and receivables), excluding inventory.
NVO’s quick ratio of 0.46x means it holds only $0.46 in liquid assets for every $1 of current liabilities. This is well below the healthcare sector median of 1.08x, placing the company in the 5th percentile among sector peers. Year-over-year change is not available, and the trend direction over the last eight quarters is also not available, but the metric declined 14.
Frequently Asked Questions
What does the Quick Ratio tell investors about NVO?
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
How is the Quick Ratio calculated?
Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.
How does NVO's Quick Ratio compare to its sector?
NVO's Quick Ratio of 0.46x compares to a Healthcare sector median of 1.08x, placing it in the 5th percentile.
Who are NVO's closest peers by Quick Ratio?
The closest Healthcare peers by Quick Ratio include: BAX (1.01x), RVTY (1.25x), BMY (0.91x), TMO (0.85x), AMGN (0.85x).
The Formula
(Cash + Receivables) / Current Liabilities
Why It Matters
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
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0.46x
Sector Median
1.08x
Sector Avg
2.19x
How NVO's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.