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Equity to Asset ratio is calculated as shareholders tangible equity divided by its total asset. Novo Nordisk A/S's total equity for the quarter that ended in Sep. 2014 was $6,574 Mil. Novo Nordisk A/S's total assets for the quarter that ended in Sep. 2014 was $12,342 Mil. Therefore, Novo Nordisk A/S's Equity to Asset Ratio for the quarter that ended in Sep. 2014 was 0.53.
During the past 13 years, the highest Equity to Asset Ratio of Novo Nordisk A/S was 0.73. The lowest was 0.51. And the median was 0.66.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing shareholders tangible equity divided by its total asset.
Novo Nordisk A/S's Equity to Asset Ratio for the fiscal year that ended in Dec. 2013 is calculated as
Novo Nordisk A/S's Equity to Asset Ratio for the quarter that ended in Sep. 2014 is calculated as
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher Return on Equity because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Novo Nordisk A/S Annual Data
Novo Nordisk A/S Quarterly Data