Nokia Oyj (MEX:NOKN) Interest Coverage: N/A (As of Mar. 2026)


MEX:NOKN Nokia Oyj MEX:NOKN
47 GF Score
Price MXN224.80
GF Value MXN84.28
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Nokia Oyj Interest Coverage?

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 by its Interest Expense. Nokia Oyj's Operating Income for the three months ended in Mar. 2026 was MXN1,313 Mil. Nokia Oyj's Interest Expense for the three months ended in Mar. 2026 was MXN0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Nokia Oyj's Interest Coverage or its related term are showing as below:

MEX:NOKN' s Interest Coverage Range Over the Past 10 Years
Min: 1.24   Med: 4.16   Max: 54.6
Current: 54.6

MEX:NOKN's Interest Coverage is ranked better than
73.34% of 1673 companies
in the Hardware industry
Industry Median: 13.73 vs MEX:NOKN: 54.60

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  (MEX:NOKN) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Nokia Oyj Interest Coverage Related Terms

Nokia Oyj Interest Coverage Historical Data

* Premium members only.

The historical data trend for Nokia Oyj's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Nokia Oyj Interest Coverage Chart

Nokia Oyj Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.59 11.11 4.15 4.88 3.57

Nokia Oyj Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 N/A 15.93 N/A N/A

MEX:NOKN vs CSCO, CIEN, MSI: Interest Coverage Comparison

For the Communication Equipment subindustry, Nokia Oyj's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Hardware Industry

For the Hardware industry and Technology sector, Nokia Oyj's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Nokia Oyj's Interest Coverage falls into.


MEX:NOKN
47GF Score
Nokia Oyj MEX:NOKN
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nokia Oyj Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


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 Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Nokia Oyj's Interest Expense was MXN-4,617 Mil. Its Operating Income was MXN16,488 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN65,908 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*16487.655/-4617.387
=3.57

Nokia Oyj's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Nokia Oyj's Interest Expense was MXN0 Mil. Its Operating Income was MXN1,313 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN64,417 Mil.

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

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Is Nokia Oyj (MEX:NOKN) Overvalued in 2026?

Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued. The current stock price of MXN224.80 is trading 166.7% above its estimated GF Value™ of MXN84.28. GuruFocus considers Nokia Oyj to be Significantly Overvalued.

Key valuation signals for MEX:NOKN:

  • Interest Coverage: N/A
  • GF Value™: MXN84.28 vs. price of MXN224.80 (166.7% above fair value)
  • GF Score™: 47/100 with 4 warning signs

No single metric tells the full story. See the MEX:NOKN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nokia Oyj Business Description

Address Karakaari 7, Espoo, FIN, 02610
Nokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. The firm operates three segments. The mobile infrastructure segment sells equipment and software used to operate the core of carrier and enterprise wireless networks. Network infrastructure comprises IP, optical, and fixed-network equipment, including switching and routing equipment, optical components, and devices used in fiber-to-the-premises networks. The portfolio business comprises businesses considered noncore to Nokia in the future, including fixed wireless access customer premises equipment, enterprise campus edge, and microwave radio.
47GF Score

Get the complete analysis for MEX:NOKN

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN224.80
Price
MXN84.28
GF Value