Nokia Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Nokia Oyj has a total shareholder equity of €21.0B and total debt of €3.7B, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are €38.9B and €17.8B respectively. Nokia Oyj's EBIT is €2.0B making its interest coverage ratio 285. It has cash and short-term investments of €8.7B.
Key information
17.5%
Debt to equity ratio
€3.68b
Debt
| Interest coverage ratio | 285x |
| Cash | €8.72b |
| Equity | €21.02b |
| Total liabilities | €17.84b |
| Total assets | €38.86b |
Recent financial health updates
Nokia Oyj (HEL:NOKIA) Seems To Use Debt Quite Sensibly
Sep 06
Is Nokia Oyj (HEL:NOKIA) A Risky Investment?
May 11Recent updates
Nokia Oyj (HEL:NOKIA) Seems To Use Debt Quite Sensibly
Sep 06Nokia Oyj (HEL:NOKIA) Not Flying Under The Radar
Jul 14Nokia Oyj (HEL:NOKIA) Is Looking To Continue Growing Its Returns On Capital
Jun 25Nokia Oyj (HEL:NOKIA) Shares Could Be 45% Below Their Intrinsic Value Estimate
Jun 10Is Nokia Oyj (HEL:NOKIA) A Risky Investment?
May 11Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0325
Apr 26Earnings 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 15Financial Position Analysis
Short Term Liabilities: NOKIA's short term assets (€18.0B) exceed its short term liabilities (€10.7B).
Long Term Liabilities: NOKIA's short term assets (€18.0B) exceed its long term liabilities (€7.1B).
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 29.8% to 17.5% over the past 5 years.
Debt Coverage: NOKIA's debt is well covered by operating cash flow (84.9%).
Interest Coverage: NOKIA's interest payments on its debt are well covered by EBIT (285x coverage).