What is the current annual working capital of NVO?

As of today, NVO annual working capital is -$6.79B

What is 1-year change in NVO annual working capital?

NVO annual working capital is up +13.60% year-over-year

What is 3-year change in NVO annual working capital?

NVO annual working capital is down -271.41% over the past 3 years

How far is NVO annual working capital from its all-time high?

NVO annual working capital is currently -283.04% below its historical high of $3.71B set on December 31, 2009

How does NVO annual working capital rank versus sector peers?

NVO annual working capital is higher than 0.53% of companies in Healthcare sector

When is NVO next annual earnings release?

As of today, the next annual earnings release for NVO has not been scheduled

What is the current quarterly working capital of NVO?

As of today, NVO quarterly working capital is -$4.65B

What is NVO quarterly working capital most recent change?

NVO quarterly working capital was up +36.99% on June 30, 2026

What is 1-year change in NVO quarterly working capital?

NVO quarterly working capital is up +34.09% year-over-year

How far is NVO quarterly working capital from its all-time high?

NVO quarterly working capital is currently -224.05% below its historical high of $3.75B set on June 30, 2011

How does NVO quarterly working capital rank versus sector peers?

NVO quarterly working capital is higher than 0.71% of companies in Healthcare sector

When is NVO next earnings release?

The next earnings release for NVO is on November 4, 2026

NVO Working Capital History & Chart Since 1980

Annual Working Capital

-$6.79B$1.07B+13.60%

December 31, 2025

Summary

Current Value: As of today, NVO annual working capital is -$6.79B, up +13.60% on December 31, 2025
Historical Performance: NVO annual working capital is down -271.41% over the past 3 years, down -825.90% over the past 5 years
All-Time High Comparison: NVO annual working capital is currently -283.04% below its historical high of $3.71B set on December 31, 2009
3-Year Low Comparison: NVO annual working capital is +13.60% above its 3-year low of -$7.86B reached on December 31, 2024
Sector Comparison: NVO annual working capital is higher than 0.53% of companies in Healthcare sector

Working Capital Chart

beforeafter

Performance

NVO Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Working Capital	Dec 31, 25	-$6.79B	+13.6%	-271.4%	-825.9%	-300.6%
Quarterly Working Capital	Jun 30, 26	-$4.65B	+34.1%	-66.4%	-770.3%	-224.1%
Price	Aug 20, 26	$46.14	-15.0%	-49.6%	-13.4%	+334.3%
Annual Current Assets	Dec 31, 25	$27.12B	+21.4%	+74.6%	+150.7%	+303.9%
Annual Current Liabilities	Dec 31, 25	$33.91B	+12.3%	+95.4%	+193.6%	+919.5%
Annual Current Ratio	Dec 31, 25	0.80	+8.1%	-10.1%	-14.9%	-60.4%
Annual Quick Ratio	Dec 31, 25	0.57	+3.6%	-17.4%	-14.9%	-61.7%
Annual Shareholders Equity	Dec 31, 25	$30.51B	+53.1%	+154.7%	+193.1%	+358.5%
Market Cap	Aug 20, 26	$204B	+11.6%	-34.0%	+10.3%	+306.4%

Working Capital Highs

NVO Annual Working Capital Highs Comparison
Period	High	Date	Current
3Y	-$1.83B	N/A	-271.4%
5Y	-$733.79M	N/A	-825.9%
All	$3.71B	Dec 31, 09	-283.0%

Working Capital Lows

NVO Annual Working Capital Lows Comparison
Period	Low	Date	Current
3Y	-$7.86B	Dec 31, 24	+13.6%
5Y	-$7.86B	Dec 31, 24	+13.6%
All	-$7.86B	Dec 31, 24	+13.6%

Working Capital History

Year	Value	Change
2025	-$6.79B	+13.6%
2024	-$7.86B	-76.8%
2023	-$4.45B	-143.1%
2022	-$1.83B	+14.1%
2021	-$2.13B	-190.1%
2020	-$733.79M	-240.7%
2019	$521.71M	-30.5%
2018	$751.08M	-64.2%
2017	$2.10B	+20.1%
2016	$1.75B	-15.8%
2015	$2.08B	+1.4%
2014	$2.05B	-37.8%
2013	$3.29B	+0.6%
2012	$3.27B	-0.4%
2011	$3.29B	-3.0%
2010	$3.39B	-8.7%
2009	$3.71B	+23.4%
2008	$3.01B	+12.3%
2007	$2.68B	+41.8%
2006	$1.89B	+33.0%
2005	$1.42B	-25.8%
2004	$1.91B	+19.7%
2003	$1.60B	+45.0%

Year	Value	Change
2002	$1.10B	+17.1%
2001	$941.03M	+22.3%
2000	$769.32M	-39.0%
1999	$1.26B	+5.9%
1998	$1.19B	+8.6%
1997	$1.10B	+6.6%
1996	$1.03B	-0.0%
1995	$1.03B	+4.2%
1994	$987.10M	+21.9%
1993	$809.60M	-3.3%
1992	$836.81M	+6.9%
1991	$783.14M	+83.3%
1990	$427.30M	+2.5%
1989	$416.70M	+32.8%
1988	$313.81M	-7.2%
1987	$338.34M	+15.5%
1986	$292.84M	-2.3%
1985	$299.66M	+38.1%
1984	$216.98M	-4.1%
1983	$226.27M	+72.9%
1982	$130.89M	-16.3%
1981	$156.47M	+85.6%
1980	$84.32M	-

FAQ

What is the current annual working capital of NVO?: As of today, NVO annual working capital is -$6.79B
What is 1-year change in NVO annual working capital?: NVO annual working capital is up +13.60% year-over-year
What is 3-year change in NVO annual working capital?: NVO annual working capital is down -271.41% over the past 3 years
How far is NVO annual working capital from its all-time high?: NVO annual working capital is currently -283.04% below its historical high of $3.71B set on December 31, 2009
How does NVO annual working capital rank versus sector peers?: NVO annual working capital is higher than 0.53% of companies in Healthcare sector
When is NVO next annual earnings release?: As of today, the next annual earnings release for NVO has not been scheduled

Working Capital Formula

Working Capital = Current Assets − Current Liabilities

Quarterly Working Capital

-$4.65B$2.73B+36.99%

June 30, 2026

Summary

Current Value: As of today, NVO quarterly working capital is -$4.65B, up +36.99% on June 30, 2026
Historical Performance: NVO quarterly working capital is up +34.09% year-over-year, down -66.36% over the past 3 years
All-Time High Comparison: NVO quarterly working capital is currently -224.05% below its historical high of $3.75B set on June 30, 2011
3-Year Low Comparison: NVO quarterly working capital is +47.99% above its 3-year low of -$8.94B reached on March 31, 2025
Sector Comparison: NVO quarterly working capital is higher than 0.71% of companies in Healthcare sector

Performance

NVO Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Working Capital	Jun 30, 26	-$4.65B	+37.0%	+34.1%	-66.4%	-770.3%
Annual Working Capital	Dec 31, 25	-$6.79B	–	+13.6%	-271.4%	-825.9%
Price	Aug 20, 26	$46.14	+2.4%	-15.0%	-49.6%	-13.4%
Quarterly Current Assets	Jun 30, 26	$31.92B	+16.8%	+24.7%	+58.4%	+159.4%
Quarterly Current Liabilities	Jun 30, 26	$36.57B	+5.3%	+12.0%	+59.4%	+215.0%
Quarterly Current Ratio	Jun 30, 26	0.87	+10.1%	+11.5%	-1.1%	-17.9%
Quarterly Quick Ratio	Jun 30, 26	0.66	+17.9%	+17.9%	-5.7%	-17.5%
Quarterly Shareholders Equity	Jun 30, 26	$33.84B	+8.1%	+28.0%	+155.3%	+223.7%
Market Cap	Aug 20, 26	$204B	+2.1%	+11.6%	-34.0%	+10.3%

Quarterly Working Capital Highs

NVO Quarterly Working Capital Highs Comparison
Period	High	Date	Current
1Y	-$4.65B	Jun 30, 26	at high
3Y	-$1.50B	Jun 30, 24	-210.7%
5Y	$693.40M	N/A	-770.3%
All	$3.75B	Jun 30, 11	-224.1%

Quarterly Working Capital Lows

NVO Quarterly Working Capital Lows Comparison
Period	Low	Date	Current
1Y	-$8.26B	Sep 30, 25	+43.7%
3Y	-$8.94B	Mar 31, 25	+48.0%
5Y	-$8.94B	Mar 31, 25	+48.0%
All	-$8.94B	Mar 31, 25	+48.0%

Quarterly Working Capital History

Month	Value	Change
Jun 2026	-$4.65B	+37.0%
Mar 2026	-$7.38B	-8.6%
Dec 2025	-$6.79B	+17.7%
Sep 2025	-$8.26B	-17.1%
Jun 2025	-$7.05B	+21.1%
Mar 2025	-$8.94B	-13.6%
Dec 2024	-$7.86B	-298.0%
Sep 2024	-$1.98B	-32.1%
Jun 2024	-$1.50B	+79.0%
Mar 2024	-$7.12B	-60.1%
Dec 2023	-$4.45B	-3.2%
Sep 2023	-$4.31B	-54.3%
Jun 2023	-$2.79B	-6.3%
Mar 2023	-$2.63B	-43.7%
Dec 2022	-$1.83B	-28.9%
Sep 2022	-$1.42B	-51.3%
Jun 2022	-$938.52M	+30.8%
Mar 2022	-$1.36B	+36.3%
Dec 2021	-$2.13B	-573.4%
Sep 2021	$449.65M	-35.2%
Jun 2021	$693.40M	+139.9%
Mar 2021	-$1.74B	-136.8%
Dec 2020	-$733.79M	-271.3%
Sep 2020	$428.34M	-54.8%
Jun 2020	$948.62M	>+9,900.0%
Mar 2020	$882.30K	-99.8%
Dec 2019	$521.71M	+1,041.5%
Sep 2019	$45.70M	-85.9%
Jun 2019	$324.23M	+206.4%
Mar 2019	-$304.72M	-140.6%
Dec 2018	$751.08M	+2.4%
Sep 2018	$733.60M	-43.8%
Jun 2018	$1.30B	+37.5%
Mar 2018	$948.21M	-54.9%
Dec 2017	$2.10B	+10.5%
Sep 2017	$1.90B	-18.2%
Jun 2017	$2.32B	+139.6%
Mar 2017	$970.12M	-44.5%
Dec 2016	$1.75B	+16.1%
Sep 2016	$1.51B	-9.1%
Jun 2016	$1.66B	+104.2%
Mar 2016	$811.72M	-60.9%
Dec 2015	$2.08B	+7.1%
Sep 2015	$1.94B	+48.5%
Jun 2015	$1.31B	+517.2%
Mar 2015	$211.62M	-89.7%
Dec 2014	$2.05B	+8.3%
Sep 2014	$1.89B	-1.7%
Jun 2014	$1.92B	+28.4%
Mar 2014	$1.50B	-54.6%
Dec 2013	$3.29B	+19.0%
Sep 2013	$2.77B	+43.0%
Jun 2013	$1.94B	+10.4%
Mar 2013	$1.75B	-46.5%
Dec 2012	$3.27B	+29.3%

Month	Value	Change
Sep 2012	$2.53B	+22.9%
Jun 2012	$2.06B	-19.9%
Mar 2012	$2.57B	-21.8%
Dec 2011	$3.29B	-1.2%
Sep 2011	$3.32B	-11.3%
Jun 2011	$3.75B	+14.4%
Mar 2011	$3.28B	-3.3%
Dec 2010	$3.39B	+8.8%
Sep 2010	$3.11B	+22.2%
Jun 2010	$2.55B	-11.6%
Mar 2010	$2.88B	-22.3%
Dec 2009	$3.71B	+4.6%
Sep 2009	$3.55B	+9.2%
Jun 2009	$3.25B	+25.5%
Mar 2009	$2.59B	-13.9%
Dec 2008	$3.01B	+7.7%
Sep 2008	$2.79B	-13.0%
Jun 2008	$3.21B	+14.9%
Mar 2008	$2.79B	+4.3%
Dec 2007	$2.68B	+12.4%
Sep 2007	$2.38B	+6.2%
Jun 2007	$2.25B	+22.3%
Mar 2007	$1.84B	-2.8%
Dec 2006	$1.89B	+23.3%
Sep 2006	$1.53B	-11.3%
Jun 2006	$1.73B	+27.6%
Mar 2006	$1.35B	-4.6%
Dec 2005	$1.42B	-0.6%
Sep 2005	$1.43B	+12.7%
Jun 2005	$1.27B	-18.0%
Mar 2005	$1.55B	-19.1%
Dec 2004	$1.91B	+23.7%
Sep 2004	$1.55B	+6.5%
Jun 2004	$1.45B	+6.0%
Mar 2004	$1.37B	-14.3%
Dec 2003	$1.60B	+45.0%
Dec 2002	$1.10B	+17.1%
Dec 2001	$941.03M	+22.3%
Dec 2000	$769.32M	-17.1%
Dec 1999	$927.97M	-21.8%
Dec 1998	$1.19B	+7.5%
Dec 1997	$1.10B	+7.9%
Dec 1996	$1.02B	-0.3%
Dec 1995	$1.03B	-27.6%
Dec 1994	$1.42B	+74.2%
Dec 1993	$813.89M	-28.8%
Dec 1992	$1.14B	+46.0%
Dec 1991	$783.22M	+83.4%
Dec 1990	$427.06M	+2.9%
Dec 1989	$415.11M	+32.0%
Dec 1988	$314.45M	-7.5%
Dec 1987	$339.96M	+16.1%
Dec 1986	$292.90M	-2.2%
Dec 1985	$299.51M	+37.9%
Dec 1984	$217.20M	-

FAQ

What is the current quarterly working capital of NVO?: As of today, NVO quarterly working capital is -$4.65B
What is NVO quarterly working capital most recent change?: NVO quarterly working capital was up +36.99% on June 30, 2026
What is 1-year change in NVO quarterly working capital?: NVO quarterly working capital is up +34.09% year-over-year
How far is NVO quarterly working capital from its all-time high?: NVO quarterly working capital is currently -224.05% below its historical high of $3.75B set on June 30, 2011
How does NVO quarterly working capital rank versus sector peers?: NVO quarterly working capital is higher than 0.71% of companies in Healthcare sector
When is NVO next earnings release?: The next earnings release for NVO is on November 4, 2026

Working Capital Formula

Working Capital = Current Assets − Current Liabilities

Data Sources & References

NVO Official Website www.novonordisk.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/353278/000035327826000012/0000353278-26-000012-index.htm
NVO Profile on Yahoo Finance finance.yahoo.com/quote/NVO
NVO Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/nvo