Nokia (NOK) Total Debt (2009 - 2025)

Nokia (NOK) posted quarterly Total Debt of $3.0 billion for Q4 2025, down 42.32% year-on-year from $5.2 billion in Q4 2024, and down 42.32% on a QoQ basis from $5.2 billion in Q4 2024.

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

Nokia (NOK) has reported Total Debt for 17 consecutive years, with $3.0 billion the latest figure, recorded in Q4 2025.

  • Quarterly Total Debt fell 42.32% year-over-year to $3.0 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $3.0 billion (down 42.32% YoY) and the FY2025 annual result came in at $3.0 billion, down 42.32% from the prior year.
  • Total Debt fell to $3.0 billion in Q4 2025 per NOK's latest filing, from $5.2 billion in the prior quarter.
  • Over the last five years, Total Debt for NOK reached as high as $5.9 billion in Q1 2021 and fell as low as $3.0 billion in Q4 2025.
  • A 5-year average of $4.9 billion and a median of $5.1 billion in 2022 frame the typical range for Total Debt.
  • Annual changes were most pronounced in 2024 — Total Debt gained 9.42% — and 2025, when it sank 42.32%.
  • Year by year, Total Debt stood at $5.3 billion in 2021, then slipped by 3.78% to $5.1 billion in 2022, then fell by 6.39% to $4.8 billion in 2023, then grew by 9.42% to $5.2 billion in 2024, then tumbled by 42.32% to $3.0 billion in 2025.
  • According to Business Quant data, Total Debt over the past three periods registered $3.0 billion, $5.2 billion, and $4.2 billion for Q4 2025, Q4 2024, and Q2 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 Cisco Systems 449.90 Bn 433.26 Bn 10.08 Bn 34.80 Bn
2 Motorola Solutions 70.79 Bn 69.91 Bn 1.36 Bn 8.97 Bn
3 Hewlett Packard Enterprise 62.79 Bn 57.95 Bn 9.10 Bn 21.61 Bn
4 Ciena 52.38 Bn 51.08 Bn 625.52 Mn 1.54 Bn
5 Lumentum Holdings 50.14 Bn 46.97 Bn 357.00 Mn 3.28 Bn
6 Nokia 48.70 Bn 41.39 Bn 9.86 Bn 3.01 Bn
7 Ubiquiti 32.21 Bn 31.84 Bn 370.71 Mn -
8 Ericsson Lm Telephone 31.94 Bn 26.26 Bn 2.53 Bn 2.31 Bn
9 AST SpaceMobile 16.52 Bn 16.52 Bn 3.67 Mn 2.97 Bn
10 Zebra Technologies 12.98 Bn 12.86 Bn 742.00 Mn 2.65 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 3.01 Bn
Dec 31, 2024 5.22 Bn
Jun 30, 2024 4.19 Bn
Dec 31, 2023 4.77 Bn
Jun 30, 2023 4.75 Bn
Dec 31, 2022 5.09 Bn
Dec 31, 2021 5.29 Bn
Sep 30, 2021 5.78 Bn
Mar 31, 2021 5.86 Bn
Dec 31, 2020 6.35 Bn
Sep 30, 2020 6.56 Bn
Jun 30, 2020 6.76 Bn
Mar 31, 2020 5.68 Bn
Dec 31, 2019 4.87 Bn
Sep 30, 2019 5.10 Bn
Jun 30, 2019 4.88 Bn
Mar 31, 2019 5.01 Bn
Dec 31, 2018 4.23 Bn
Sep 30, 2018 6.78 Bn
Jun 30, 2018 6.73 Bn