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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOKIA SEK's short term assets (€17.9B) exceed its short term liabilities (€10.9B).
Long Term Liabilities: NOKIA SEK's short term assets (€17.9B) exceed its long term liabilities (€7.6B).
Debt to Equity History and Analysis
Debt Level: NOKIA SEK has more cash than its total debt.
Reducing Debt: NOKIA SEK's debt to equity ratio has reduced from 29.3% to 17.8% over the past 5 years.
Debt Coverage: NOKIA SEK's debt is well covered by operating cash flow (61%).
Interest Coverage: NOKIA SEK's interest payments on its debt are well covered by EBIT (24.5x coverage).