Nokia (NOK) Interest Coverage Ratio (2009 - 2024)
Nokia (NOK) posted quarterly Interest Coverage Ratio of 14.93 for Q2 2024, down 248.33% on a QoQ basis from 4.29 in Q1 2024.
Nokia (NOK) Interest Coverage Ratio (2009 - 2024) Analysis & Trends
Nokia (NOK) has reported Interest Coverage Ratio for 14 consecutive years, with 14.93 the latest figure, recorded in Q2 2024.
- Quarterly Interest Coverage Ratio changed N/A year-over-year to 14.93 in Q2 2024, while the trailing twelve-month figure through Mar 2025 was 42.7 (down 75.5% YoY) and the FY2025 annual result came in at 3.6, down 41.56% from the prior year.
- Interest Coverage Ratio fell to 14.93 in Q2 2024 per NOK's latest filing, from 4.29 in the prior quarter.
- Over the last five years, Interest Coverage Ratio for NOK reached as high as 53.36 in Q4 2020 and fell as low as 23.84 in Q3 2020.
- A 3-year average of 2.57 and a median of 9.87 in 2020 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2020 — Interest Coverage Ratio jumped 235.66% — and 2021, when it sank 763.49%.
- Year by year, Interest Coverage Ratio stood at 53.36 in 2020, then sank by 123.33% to 12.45 in 2021, then retreated by 19.94% to 14.93 in 2024.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 14.93, 4.29, and 12.45 for Q2 2024, Q1 2024, and Q3 2021 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 447.29 Bn | 430.65 Bn | 10.08 Bn | 2.05 |
| 2 | Motorola Solutions | 70.03 Bn | 69.14 Bn | 1.36 Bn | 0.74 |
| 3 | Hewlett Packard Enterprise | 62.68 Bn | 57.84 Bn | 9.10 Bn | 1.40 |
| 4 | Ciena | 52.09 Bn | 50.79 Bn | 625.52 Mn | 0.49 |
| 5 | Lumentum Holdings | 50.74 Bn | 47.57 Bn | 357.00 Mn | 2.48 |
| 6 | Nokia | 48.74 Bn | 41.43 Bn | 9.86 Bn | - |
| 7 | Ubiquiti | 32.09 Bn | 31.72 Bn | 370.71 Mn | 61.88 |
| 8 | Ericsson Lm Telephone | 31.78 Bn | 26.11 Bn | 2.53 Bn | -9.38 |
| 9 | AST SpaceMobile | 16.70 Bn | 16.70 Bn | 3.67 Mn | -7.40 |
| 10 | Zebra Technologies | 12.93 Bn | 12.82 Bn | 742.00 Mn | 0.90 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | -14.93 |
| Mar 31, 2024 | -4.29 |
| Sep 30, 2021 | -12.45 |
| Mar 31, 2021 | -8.75 |
| Dec 31, 2020 | 53.36 |
| Sep 30, 2020 | -23.84 |
| Jun 30, 2020 | -11.00 |
| Mar 31, 2020 | 1.32 |
| Dec 31, 2019 | 15.90 |
| Sep 30, 2019 | -6.84 |
| Jun 30, 2019 | 16.70 |
| Mar 31, 2019 | 13.71 |
| Dec 31, 2018 | -44.80 |
| Sep 30, 2018 | -10.82 |
| Jun 30, 2018 | -2.67 |
| Mar 31, 2018 | 6.33 |
| Dec 31, 2017 | 32.39 |
| Sep 30, 2017 | 13.36 |
| Jun 30, 2017 | 2.03 |
| Mar 31, 2017 | -8.00 |