Nokia (NOK) Debt to Equity (2009 - 2025)

Nokia has disclosed Debt to Equity across 17 years of filings, most recently posting $0.13 for Q4 2025.

• Debt to Equity for Q4 2025 came in at $0.13, down 32.96% year-over-year; the trailing twelve-month figure through Dec 2025 was $0.13 (down 32.96% YoY), and the FY2025 annual result was $0.13, down 32.96% from the prior year.
• Debt to Equity came in at $0.13 for Q4 2025 at Nokia, down from $0.19 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $0.37 in Q1 2021 to a low of $0.13 in Q4 2025.
• The 5-year median for Debt to Equity is $0.2 (2023), against an average of $0.23.
• Peak annual rise in Debt to Equity reached 19.89% in 2021, while the deepest fall reached 39.7% in 2021.
• Nokia's Debt to Equity stood at $0.27 in 2021, then retreated by 21.7% to $0.21 in 2022, then retreated by 2.76% to $0.2 in 2023, then decreased by 7.79% to $0.19 in 2024, then tumbled by 32.96% to $0.13 in 2025.
• The last three Debt to Equity figures came in at $0.13 (Q4 2025), $0.19 (Q4 2024), and $0.18 (Q2 2024), per Business Quant data.