Nokia (NOK) Debt Ratio (2009 - 2025)

Nokia (NOK) posted quarterly Debt Ratio of 0.07 for Q4 2025, down 39.94% year-on-year from 0.12 in Q4 2024, and down 39.94% on a QoQ basis from 0.12 in Q4 2024.

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

Nokia (NOK) has reported Debt Ratio for 17 consecutive years, with 0.07 the latest figure, recorded 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 fell to 0.07 in Q4 2025 per NOK's latest filing, from 0.12 in the prior quarter.
  • Over the last five years, Debt Ratio for NOK reached as high as 0.14 in Q1 2021 and fell as low as 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.
  • Annual changes were most pronounced in 2024 — Debt Ratio advanced 11.41% — and 2025, when it sank 39.94%.
  • Year by year, Debt Ratio stood at 0.12 in 2021, then dropped by 10.27% to 0.1 in 2022, then advanced by 0.85% to 0.11 in 2023, then climbed by 11.41% to 0.12 in 2024, then tumbled 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Cisco Systems 450.61 Bn 433.97 Bn 10.08 Bn 0.28
2 Motorola Solutions 70.61 Bn 69.72 Bn 1.36 Bn 0.47
3 Hewlett Packard Enterprise 63.14 Bn 58.30 Bn 9.10 Bn 0.29
4 Ciena 52.37 Bn 51.07 Bn 625.52 Mn 0.26
5 Lumentum Holdings 50.93 Bn 47.76 Bn 357.00 Mn 0.47
6 Nokia 49.09 Bn 41.79 Bn 9.86 Bn 0.07
7 Ubiquiti 32.37 Bn 32.00 Bn 370.71 Mn -
8 Ericsson Lm Telephone 31.92 Bn 26.24 Bn 2.53 Bn 0.08
9 AST SpaceMobile 16.73 Bn 16.73 Bn 3.67 Mn 0.49
10 Zebra Technologies 12.97 Bn 12.85 Bn 742.00 Mn 0.32

Historic Data

Download Data
DateValue
Dec 31, 2025 0.07
Dec 31, 2024 0.12
Jun 30, 2024 0.09
Dec 31, 2023 0.11
Jun 30, 2023 0.10
Dec 31, 2022 0.10
Dec 31, 2021 0.12
Sep 30, 2021 0.13
Mar 31, 2021 0.14
Dec 31, 2020 0.15
Sep 30, 2020 0.15
Jun 30, 2020 0.15
Mar 31, 2020 0.13
Dec 31, 2019 0.11
Sep 30, 2019 0.11
Jun 30, 2019 0.11
Mar 31, 2019 0.11
Dec 31, 2018 0.09
Sep 30, 2018 0.12
Jun 30, 2018 0.12