Nokia Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Nokia Oyj has a total shareholder equity of €21.2B and total debt of €3.8B, which brings its debt-to-equity ratio to 17.8%. Its total assets and total liabilities are €39.7B and €18.4B respectively. Nokia Oyj's EBIT is €2.2B making its interest coverage ratio 24.5. It has cash and short-term investments of €8.4B.
Key information
17.8%
Debt to equity ratio
€3.77b
Debt
| Interest coverage ratio | 24.5x |
| Cash | €8.40b |
| Equity | €21.23b |
| Total liabilities | €18.44b |
| Total assets | €39.68b |
Recent financial health updates
Recent updates
Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0325
Apr 26
Earnings Beat: Nokia Oyj Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Apr 22Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.0325
Apr 12Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0325
Mar 29We think Nokia Oyj's (HEL:NOKIA) CEO May Struggle To See Much Of A Pay Rise This Year
Mar 28Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0325
Mar 15Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.0325
Feb 26Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.0325
Feb 12We Think You Can Look Beyond Nokia Oyj's (HEL:NOKIA) Lackluster Earnings
Feb 02Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.03
Jan 28Is Nokia Oyj (HEL:NOKIA) Trading At A 49% Discount?
Jan 21The Market Doesn't Like What It Sees From Nokia Oyj's (HEL:NOKIA) Earnings Yet
Jan 02Nokia Oyj (HEL:NOKIA) Seems To Use Debt Quite Sensibly
Dec 15Financial Position Analysis
Short Term Liabilities: NOKIA's short term assets (€17.9B) exceed its short term liabilities (€10.9B).
Long Term Liabilities: NOKIA's short term assets (€17.9B) exceed its long term liabilities (€7.6B).
Debt to Equity History and Analysis
Debt Level: NOKIA has more cash than its total debt.
Reducing Debt: NOKIA's debt to equity ratio has reduced from 29.3% to 17.8% over the past 5 years.
Debt Coverage: NOKIA's debt is well covered by operating cash flow (61%).
Interest Coverage: NOKIA's interest payments on its debt are well covered by EBIT (24.5x coverage).