Nokia Oyj (Nokia Oyj) Debt-to-Asset : 0.12 (As of Mar. 2024)

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What is Nokia Oyj Debt-to-Asset?

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 Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $43,125 Mil. Nokia Oyj's debt to asset for the quarter that ended in Mar. 2024 was 0.12.

Nokia Oyj Debt-to-Asset Historical Data

The historical data trend for Nokia Oyj's Debt-to-Asset 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 Debt-to-Asset Chart

Nokia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.14

0.18

0.14

0.13

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-Asset	Get a 7-Day Free Trial															0.13	0.13	0.13	0.13	0.12

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

For the Communication Equipment subindustry, Nokia Oyj's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Hardware Industry

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

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

Nokia Oyj Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(820.065	+	4837.514)	/	43467.83
	=	0.13

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(933.696	+	4235.87)	/	43125
	=	0.12

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

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Nokia Oyj Debt-to-Asset 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-Asset

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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.