Nokia (NOKN) Ratios
Nokia Ratios
MX:NOKN's free cash flow for Q3 2026 was $-100.79M. For the 2026 fiscal year, MX:NOKN's free cash flow was decreased by $-192.30M and operating cash flow was $91.51M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.58 | 1.58 | 1.66 | 1.59 | 1.62 |
| Quick Ratio | 1.36 | 1.39 | 1.41 | 1.33 | 1.42 |
| Cash Ratio | 0.55 | 0.58 | 0.57 | 0.43 | 0.55 |
| Solvency Ratio | 0.11 | 0.12 | 0.08 | 0.25 | 0.11 |
| Operating Cash Flow Ratio | 0.21 | 0.22 | 0.12 | 0.12 | 0.22 |
| Short-Term Operating Cash Flow Coverage | 1.61 | 2.57 | 2.38 | 6.46 | 22.63 |
| Net Current Asset Value | $ -746.68M | $ -415.00M | $ -1.07B | $ -1.25B | $ -2.99B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.14 | 0.12 | 0.13 | 0.13 | 0.14 |
| Debt-to-Equity Ratio | 0.25 | 0.23 | 0.25 | 0.26 | 0.33 |
| Debt-to-Capital Ratio | 0.20 | 0.19 | 0.20 | 0.21 | 0.25 |
| Long-Term Debt-to-Capital Ratio | 0.13 | 0.12 | 0.15 | 0.17 | 0.21 |
| Financial Leverage Ratio | 1.79 | 1.90 | 1.94 | 2.01 | 2.31 |
| Debt Service Coverage Ratio | 1.31 | 2.30 | 2.39 | 11.19 | 6.05 |
| Interest Coverage Ratio | 3.57 | 4.41 | 5.47 | 8.58 | 7.67 |
| Debt to Market Cap | 0.15 | 0.17 | 0.24 | 0.18 | 0.15 |
| Interest Debt Per Share | 1.00 | 0.94 | 0.99 | 1.03 | 1.06 |
| Net Debt to EBITDA | -0.11 | -0.55 | -0.36 | 0.01 | -0.38 |
| Profitability Margins | |||||
| Gross Profit Margin | 43.54% | 46.12% | 41.10% | 41.03% | 39.79% |
| EBIT Margin | 5.70% | 12.58% | 9.44% | 9.66% | 8.08% |
| EBITDA Margin | 11.33% | 17.85% | 13.56% | 14.23% | 12.05% |
| Operating Profit Margin | 3.93% | 8.27% | 7.86% | 9.31% | 9.72% |
| Pretax Profit Margin | 4.60% | 10.88% | 6.95% | 8.77% | 8.67% |
| Net Profit Margin | 3.27% | 6.64% | 3.15% | 17.06% | 7.31% |
| Continuous Operations Profit Margin | 3.21% | 8.90% | 3.07% | 16.90% | 7.45% |
| Net Income Per EBT | 71.15% | 61.07% | 45.27% | 194.60% | 84.27% |
| EBT Per EBIT | 117.01% | 131.51% | 88.44% | 94.22% | 89.25% |
| Return on Assets (ROA) | 1.73% | 3.26% | 1.67% | 9.90% | 4.05% |
| Return on Equity (ROE) | 3.11% | 6.18% | 3.24% | 19.92% | 9.35% |
| Return on Capital Employed (ROCE) | 2.84% | 5.73% | 5.74% | 7.68% | 7.72% |
| Return on Invested Capital (ROIC) | 1.89% | 4.50% | 2.47% | 7.58% | 6.56% |
| Return on Tangible Assets | 2.16% | 3.92% | 2.00% | 11.80% | 4.92% |
| Earnings Yield | 2.18% | 5.46% | 3.87% | 17.47% | 5.27% |
| Efficiency Ratios | |||||
| Receivables Turnover | 2.92 | 2.85 | 3.05 | 3.69 | 3.28 |
| Payables Turnover | 3.77 | 3.22 | 3.63 | 3.11 | 3.63 |
| Inventory Turnover | 5.09 | 4.79 | 4.57 | 4.50 | 5.59 |
| Fixed Asset Turnover | 7.99 | 9.07 | 7.40 | 8.46 | 7.91 |
| Asset Turnover | 0.53 | 0.49 | 0.53 | 0.58 | 0.55 |
| Working Capital Turnover Ratio | 3.21 | 2.78 | 2.87 | 3.32 | 2.88 |
| Cash Conversion Cycle | 100.12 | 90.95 | 99.20 | 62.53 | 76.08 |
| Days of Sales Outstanding | 125.11 | 127.96 | 119.85 | 98.93 | 111.22 |
| Days of Inventory Outstanding | 71.77 | 76.24 | 79.78 | 81.13 | 65.31 |
| Days of Payables Outstanding | 96.75 | 113.24 | 100.44 | 117.53 | 100.45 |
| Operating Cycle | 196.87 | 204.19 | 199.64 | 180.06 | 176.53 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 0.38 | 0.46 | 0.24 | 0.26 | 0.47 |
| Free Cash Flow Per Share | 0.27 | 0.37 | 0.12 | 0.16 | 0.37 |
| Dividend Paid and CapEx Coverage Ratio | 1.52 | 2.09 | 1.04 | 1.55 | 4.61 |
| Capital Expenditure Coverage Ratio | 3.42 | 5.28 | 2.02 | 2.45 | 4.69 |
| Operating Cash Flow Coverage Ratio | 0.40 | 0.52 | 0.25 | 0.27 | 0.46 |
| Operating Cash Flow to Sales Ratio | 0.10 | 0.13 | 0.06 | 0.06 | 0.12 |
| Free Cash Flow Yield | 4.91% | 8.65% | 3.87% | 3.59% | 6.71% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 50.06 | 18.60 | 25.82 | 5.72 | 18.97 |
| Price-to-Sales (P/S) Ratio | 1.50 | 1.22 | 0.81 | 0.98 | 1.39 |
| Price-to-Book (P/B) Ratio | 1.42 | 1.13 | 0.84 | 1.14 | 1.77 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 20.36 | 11.57 | 25.82 | 27.87 | 14.91 |
| Price-to-Operating Cash Flow Ratio | 14.40 | 9.38 | 13.04 | 16.50 | 11.73 |
| Price-to-Earnings Growth (PEG) Ratio | -0.96 | 0.20 | -0.31 | 0.04 | -0.12 |
| Enterprise Value Multiple | 13.13 | 6.27 | 5.63 | 6.88 | 11.12 |
| Enterprise Value | 29.57B | 21.50B | 16.12B | 24.38B | 29.77B |
| EV to EBITDA | 13.13 | 6.27 | 5.63 | 6.88 | 11.12 |
| EV to Sales | 1.49 | 1.12 | 0.76 | 0.98 | 1.34 |
| EV to Free Cash Flow | 20.19 | 10.64 | 24.25 | 27.93 | 14.41 |
| EV to Operating Cash Flow | 14.28 | 8.62 | 12.24 | 16.54 | 11.34 |
| Tangible Book Value Per Share | 2.52 | 2.60 | 2.53 | 2.58 | 1.85 |
| Shareholders’ Equity Per Share | 3.87 | 3.78 | 3.70 | 3.80 | 3.08 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.30 | 0.18 | 0.56 | -0.93 | 0.14 |
| Revenue Per Share | 3.67 | 3.52 | 3.81 | 4.44 | 3.94 |
| Net Income Per Share | 0.12 | 0.23 | 0.12 | 0.76 | 0.29 |
| Tax Burden | 0.71 | 0.61 | 0.45 | 1.95 | 0.84 |
| Interest Burden | 0.81 | 0.87 | 0.74 | 0.91 | 1.07 |
| Research & Development to Revenue | 0.24 | 0.23 | 0.20 | 0.18 | 0.19 |
| SG&A to Revenue | 0.15 | 0.15 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 |
| Income Quality | 3.14 | 1.94 | 1.94 | 0.35 | 1.60 |
Currency in EUR