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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Nokia Oyj's Total Liabilities for the quarter that ended in Jun. 2026 was €15,984 Mil. Nokia Oyj's Total Assets for the quarter that ended in Jun. 2026 was €37,276 Mil.
Therefore, Nokia Oyj's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2026 was 0.43.
Nokia Oyj (LTS:0HAF) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Nokia Oyj Liabilities-to-Assets Related Terms
Nokia Oyj Liabilities-to-Assets Historical Data
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The historical data trend for Nokia Oyj's Liabilities-to-Assets 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.
LTS:0HAF vs CSCO, MSI, HPE: Liabilities-to-Assets Comparison
For the Communication Equipment subindustry, Nokia Oyj's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets vs Hardware Industry
For the Hardware industry and Technology sector, Nokia Oyj's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Nokia Oyj's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Nokia Oyj's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2025 is calculated as:
* 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.
Nokia Oyj (LTS:0HAF) has a Liabilities-to-Assets of 0.43 as of Jun. 2026. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Nokia Oyj and its competitors.
Is Nokia Oyj's Liabilities-to-Assets too high?
Nokia Oyj's current Liabilities-to-Assets is 0.43. Overall, Nokia Oyj has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's Liabilities-to-Assets compare to CSCO and MSI?
Nokia Oyj's Liabilities-to-Assets of 0.43 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for a Hardware company?
A good Liabilities-to-Assets depends on the Hardware industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Nokia Oyj and its competitors. Nokia Oyj's current Liabilities-to-Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokia Oyj stock overvalued right now?
Based on GuruFocus' analysis, Nokia Oyj (LTS:0HAF) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.52, compared to a current price of €8.80 — trading 94.6% above its estimated fair value. The current Liabilities-to-Assets is 0.43. Nokia Oyj's overall GF Score™ is 55/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Nokia Oyj (LTS:0HAF), the current Liabilities-to-Assets is 0.43 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nokia Oyj (LTS:0HAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued.
The current stock price of €8.80 is trading 94.6% above its estimated GF Value™ of €4.52.
GuruFocus considers Nokia Oyj to be Significantly Overvalued.
Key valuation signals for LTS:0HAF:
Liabilities-to-Assets: 0.43
GF Value™: €4.52 vs. price of €8.80 (94.6% above fair value)
No single metric tells the full story. See the LTS:0HAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
55GF Score
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