Nokia Oyj (Nokia Oyj) Interest Expense

: $-98 Mil (TTM As of Mar. 2024)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nokia Oyj's interest expense for the three months ended in Mar. 2024 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-98 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Nokia Oyj's Operating Income for the three months ended in Mar. 2024 was $ 434 Mil. Nokia Oyj's Interest Expense for the three months ended in Mar. 2024 was $ 0 Mil. GuruFocus does not calculate Nokia Oyj's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Nokia Oyj Interest Expense Historical Data

The historical data trend for Nokia Oyj's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nokia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-346.67

-296.84

-232.77

-235.17

-390.40

Nokia Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense																-20.34	-58.51	-39.49	-	-

Nokia Oyj Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-98 Mil.

Nokia Oyj (NYSE:NOK) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Nokia Oyj's Interest Expense for the three months ended in Mar. 2024 was $0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $434 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $4,236 Mil.

Nokia Oyj's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

GuruFocus does not calculate Nokia Oyj's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

Nokia Oyj (Nokia Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nokia Oyj (NYSE:NOK) » Definitions » Interest Expense

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Address

Karakaari 7, Espoo, FIN, FI-02610

Website

http://www.nokia.com

Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest, followed closely by network infrastructure. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises with as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.