Nokia Oyj (Nokia Oyj) Debt-to-Equity : 0.23 (As of Mar. 2024)

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What is Nokia Oyj Debt-to-Equity?

Nokia Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $934 Mil. Nokia Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4,236 Mil. Nokia Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $22,976 Mil. Nokia Oyj's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Nokia Oyj's Debt-to-Equity or its related term are showing as below:

NOK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.3 Max: 0.52
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Nokia Oyj was 0.52. The lowest was 0.20. And the median was 0.30.

NOK's Debt-to-Equity is ranked better than
57.08% of 2197 companies
in the Hardware industry
Industry Median: 0.28 vs NOK: 0.23

Nokia Oyj Debt-to-Equity Historical Data

The historical data trend for Nokia Oyj's Debt-to-Equity 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.

* Premium members only.

Nokia Oyj Debt-to-Equity Chart

Nokia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.52

0.33

0.26

0.25

Nokia Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.25	0.24	0.25	0.23

Competitive Comparison of Nokia Oyj's Debt-to-Equity

For the Communication Equipment subindustry, Nokia Oyj's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nokia Oyj's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nokia Oyj's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nokia Oyj's Debt-to-Equity falls into.

Nokia Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nokia Oyj's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(820.065	+	4837.514)	/	22395.856
	=	0.25

Nokia Oyj's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(933.696	+	4235.87)	/	22976.087
	=	0.22

Nokia Oyj (NYSE:NOK) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Nokia Oyj Debt-to-Equity Related Terms

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Nokia Oyj (Nokia Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nokia Oyj (NYSE:NOK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NOKBF:USA NOKIA SEK:Sweden NOK N:Mexico NOKIA:Italy 0K8D:UK NOKIAh:UK 0HAF:UK NOKIA:France NOKIA:Finland NOA3:Germany NOAA:Germany NOA3:Germany NOA3:Germany NOAA:Germany NOA3:Germany NOKIA:Czech Republic NOKI34:Brazil NOKI:Austria NOK:Argentina

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.