Growth Metrics

Nokia (NOK) Debt to Equity (2016 - 2025)

Nokia has reported Debt to Equity over the past 15 years, most recently at $0.13 for Q4 2025.

  • For Q4 2025, Debt to Equity fell 32.96% year-over-year to $0.13; the TTM value through Dec 2025 reached $0.13, down 32.96%, while the annual FY2025 figure was $0.13, 32.96% down from the prior year.
  • Debt to Equity was $0.13 for Q4 2025 at Nokia, down from $0.19 in the prior quarter.
  • Across five years, Debt to Equity topped out at $0.27 in Q4 2021 and bottomed at $0.13 in Q4 2025.
  • The 5-year median for Debt to Equity is $0.2 (2023), against an average of $0.2.
  • Year-over-year, Debt to Equity tumbled 39.7% in 2021 and then fell 2.76% in 2023.
  • Over 5 years, Debt to Equity stood at $0.27 in 2021, then fell by 21.7% to $0.21 in 2022, then fell by 2.76% to $0.2 in 2023, then dropped by 7.79% to $0.19 in 2024, then tumbled by 32.96% to $0.13 in 2025.
  • The last three reported values for Debt to Equity were $0.13 (Q4 2025), $0.19 (Q4 2024), and $0.2 (Q4 2023) per Business Quant data.