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
DateValue
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