Nokia (NOK) Total Liabilities (2009 - 2025)

Nokia (NOK) posted quarterly Total Liabilities of $18.8 billion for Q4 2025, down 10.12% year-on-year from $20.9 billion in Q4 2024, and down 10.12% on a QoQ basis from $20.9 billion in Q4 2024.

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

Nokia (NOK) has reported Total Liabilities for 17 consecutive years, with $18.8 billion the latest figure, recorded in Q4 2025.

  • Quarterly Total Liabilities fell 10.12% year-over-year to $18.8 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $18.8 billion (down 10.12% YoY) and the FY2025 annual result came in at $18.8 billion, down 10.12% from the prior year.
  • Total Liabilities eased to $18.8 billion in Q4 2025 per NOK's latest filing, from $20.9 billion in the prior quarter.
  • Over the last five years, Total Liabilities for NOK reached as high as $46.4 billion in Q2 2023 and fell as low as $18.8 billion in Q4 2025.
  • A 5-year average of $32.1 billion and a median of $25.7 billion in 2021 frame the typical range for Total Liabilities.
  • Annual changes were most pronounced in 2021 — Total Liabilities advanced 0.53% — and 2023, when it declined 10.62%.
  • Year by year, Total Liabilities stood at $25.7 billion in 2021, then dropped by 4.74% to $24.5 billion in 2022, then dropped by 10.62% to $21.9 billion in 2023, then fell by 4.32% to $20.9 billion in 2024, then retreated by 10.12% to $18.8 billion in 2025.
  • According to Business Quant data, Total Liabilities over the past three periods registered $18.8 billion, $20.9 billion, and $44.2 billion for Q4 2025, Q4 2024, and Q2 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Liabilities (Qtr)
1 Cisco Systems 450.61 Bn 433.97 Bn 10.08 Bn 76.69 Bn
2 Motorola Solutions 70.61 Bn 69.72 Bn 1.36 Bn 19.08 Bn
3 Hewlett Packard Enterprise 63.14 Bn 58.30 Bn 9.10 Bn 75.77 Bn
4 Ciena 52.37 Bn 51.07 Bn 625.52 Mn 3.10 Bn
5 Lumentum Holdings 50.93 Bn 47.76 Bn 357.00 Mn 4.05 Bn
6 Nokia 49.09 Bn 41.79 Bn 9.86 Bn 18.82 Bn
7 Ubiquiti 32.37 Bn 32.00 Bn 370.71 Mn 513.28 Mn
8 Ericsson Lm Telephone 31.92 Bn 26.24 Bn 2.53 Bn 15.44 Bn
9 AST SpaceMobile 16.73 Bn 16.73 Bn 3.67 Mn 3.39 Bn
10 Zebra Technologies 12.97 Bn 12.85 Bn 742.00 Mn 4.86 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 18.82 Bn
Dec 31, 2024 20.94 Bn
Jun 30, 2024 44.22 Bn
Dec 31, 2023 21.89 Bn
Jun 30, 2023 46.37 Bn
Dec 31, 2022 24.49 Bn
Dec 31, 2021 25.70 Bn
Sep 30, 2021 44.39 Bn
Mar 31, 2021 41.94 Bn
Dec 31, 2020 26.91 Bn
Sep 30, 2020 44.16 Bn
Jun 30, 2020 45.03 Bn
Mar 31, 2020 45.24 Bn
Dec 31, 2019 27.00 Bn
Sep 30, 2019 44.51 Bn
Jun 30, 2019 44.30 Bn
Mar 31, 2019 46.18 Bn
Dec 31, 2018 27.48 Bn
Sep 30, 2018 55.61 Bn
Jun 30, 2018 55.77 Bn