Nokia Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Nokia Oyj has a total shareholder equity of €20.5B and total debt of €3.7B, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are €37.9B and €17.4B respectively. Nokia Oyj's EBIT is €2.0B making its interest coverage ratio -38.4. It has cash and short-term investments of €8.8B.
Key information
18.3%
Debt to equity ratio
€3.74b
Debt
| Interest coverage ratio | -38.4x |
| Cash | €8.76b |
| Equity | €20.45b |
| Total liabilities | €17.43b |
| Total assets | €37.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOA3's short term assets (€17.6B) exceed its short term liabilities (€10.5B).
Long Term Liabilities: NOA3's short term assets (€17.6B) exceed its long term liabilities (€6.9B).
Debt to Equity History and Analysis
Debt Level: NOA3 has more cash than its total debt.
Reducing Debt: NOA3's debt to equity ratio has reduced from 31% to 18.3% over the past 5 years.
Debt Coverage: NOA3's debt is well covered by operating cash flow (111.2%).
Interest Coverage: NOA3 earns more interest than it pays, so coverage of interest payments is not a concern.