Nokia (NOK) Total Debt (2009 - 2025)
Nokia's (NOK) quarterly Total Debt came in at $3.1 billion in Q4 2025, down 25.87% year-on-year from $4.2 billion in Q4 2024, and down 25.87% quarter-over-quarter from $4.2 billion in Q4 2024.
Nokia (NOK) Total Debt (2009 - 2025) Analysis & Trends
Nokia has disclosed Total Debt across 17 years of filings, most recently posting $3.1 billion for Q4 2025.
- Total Debt for Q4 2025 came in at $3.1 billion, down 25.87% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.1 billion (down 25.87% YoY), and the FY2025 annual result was $3.0 billion, down 28.05% from the prior year.
- Total Debt came in at $3.1 billion for Q4 2025 at Nokia, down from $4.2 billion in the prior quarter.
- In the past five years, Total Debt ranged from a high of $6.2 billion in Q1 2021 to a low of $3.1 billion in Q4 2025.
- The 5-year median for Total Debt is $4.5 billion (2023), against an average of $4.7 billion.
- Across the five-year window, Total Debt climbed 12.72% in 2021 and retreated 25.87% in 2025, its largest moves.
- Nokia's Total Debt stood at $5.3 billion in 2021, then declined by 14.19% to $4.6 billion in 2022, then retreated by 1.28% to $4.5 billion in 2023, then retreated by 7.89% to $4.2 billion in 2024, then retreated by 25.87% to $3.1 billion in 2025.
- The last three Total Debt figures came in at $3.1 billion (Q4 2025), $4.2 billion (Q4 2024), and $4.0 billion (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 31.30 Bn |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 1.54 Bn |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 8.97 Bn |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 21.61 Bn |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 3.28 Bn |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | - |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | 2.97 Bn |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | 41.23 Mn |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 2.65 Bn |
| 10 | Nokia | 4.12 Bn | -2.64 Bn | 10.09 Bn | 3.08 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.08 Bn |
| Dec 31, 2024 | 4.15 Bn |
| Jun 30, 2024 | 3.96 Bn |
| Dec 31, 2023 | 4.51 Bn |
| Jun 30, 2023 | 4.54 Bn |
| Dec 31, 2022 | 4.57 Bn |
| Dec 31, 2021 | 5.32 Bn |
| Sep 30, 2021 | 5.99 Bn |
| Mar 31, 2021 | 6.22 Bn |
| Dec 31, 2020 | 6.65 Bn |
| Sep 30, 2020 | 6.73 Bn |
| Jun 30, 2020 | 6.54 Bn |
| Mar 31, 2020 | 5.51 Bn |
| Dec 31, 2019 | 5.30 Bn |
| Sep 30, 2019 | 4.99 Bn |
| Jun 30, 2019 | 4.82 Bn |
| Dec 31, 2018 | 4.24 Bn |
| Sep 30, 2018 | 4.34 Bn |
| Jun 30, 2018 | 4.44 Bn |
| Dec 31, 2017 | 4.43 Bn |