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| Date | Value |
|---|---|
| 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 |