Nokia (NOK) Debt Ratio (2009 - 2025)

Nokia (NOK) posted Debt Ratio of 0.07 for Q4 2025, down 39.94% sequentially from 0.12 in Q4 2024, and down 39.94% YoY from 0.12 in Q4 2024.

Nokia (NOK) Debt Ratio (2009 - 2025) Analysis & Trends

Nokia has reported Debt Ratio for 17 years, with the latest figure at 0.07 in Q4 2025.

Quarterly Debt Ratio fell 39.94% year-over-year to 0.07 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.07 (down 39.94% YoY) and the FY2025 annual result came in at 0.07, down 39.94% from the prior year.
Debt Ratio slipped to 0.07 in Q4 2025 per NOK's latest filing, from 0.12 in the prior quarter.
Over five years, Debt Ratio peaked at 0.14 in Q1 2021 and troughed at 0.07 in Q4 2025.
A 5-year average of 0.11 and a median of 0.11 in 2023 frame the typical range for Debt Ratio.
The sharpest annual moves came in 2024 and 2025: Debt Ratio rose 11.41% in 2024, then sank 39.94% in 2025.
Over 5 years, Debt Ratio stood at 0.12 in 2021, then fell by 10.27% to 0.1 in 2022, then increased by 0.85% to 0.11 in 2023, then rose by 11.41% to 0.12 in 2024, then slumped by 39.94% to 0.07 in 2025.
According to Business Quant data, Debt Ratio over the past three periods registered 0.07, 0.12, and 0.09 for Q4 2025, Q4 2024, and Q2 2024 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Cisco Systems	440.02 Bn	423.38 Bn	10.08 Bn	0.28
2	Hewlett Packard Enterprise	77.69 Bn	72.40 Bn	3.94 Bn	0.27
3	Motorola Solutions	77.25 Bn	76.56 Bn	1.68 Bn	0.47
4	Lumentum Holdings	66.40 Bn	63.23 Bn	357.00 Mn	0.47
5	Nokia	61.84 Bn	54.37 Bn	10.09 Bn	0.07
6	Ciena	60.71 Bn	59.51 Bn	691.55 Mn	0.25
7	Ubiquiti	34.65 Bn	34.28 Bn	370.71 Mn	-
8	Ericsson Lm Telephone	34.62 Bn	28.92 Bn	2.58 Bn	0.08
9	AST SpaceMobile	27.62 Bn	28.12 Bn	9.12 Mn	0.51
10	Zebra Technologies	17.79 Bn	17.63 Bn	825.00 Mn	0.58

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