Nokia Corp ADR Capital Reinvestment Ratio
Nokia Corp ADR capital reinvestment ratio. Nokia Corp ADR (NOK) has a Capital Reinvestment Ratio of 0.39x as of December 2025, meaning it reinvests 0% of its operating cash flow ($370.36 Million) in capital expenditures ($145.07 Million). See NOK free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Nokia Corp ADR (1996–2025)
Capital reinvestment ratio of Nokia Corp ADR from 1996 to 2025. This chart tracks Nokia Corp ADR's Capital Reinvestment Ratio across 28 annual periods. See financial flexibility index of Nokia Corp ADR to measure the company's free cash flow as a share of total liabilities.
Nokia Corp ADR Capital Reinvestment Ratio by Year (1996–2025)
Nokia Corp ADR capital reinvestment ratio by year from 1996 to 2025. For the full cash flow conversion analysis, see NOK cash generation efficiency.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.29x | $1.99 Billion | $582.08 Million | ▲ +54.6% |
| 2024 | 0.19x | $2.49 Billion | $472.00 Million | ▼ -61.8% |
| 2023 | 0.50x | $1.32 Billion | $652.00 Million | ▲ +21.4% |
| 2022 | 0.41x | $1.47 Billion | $601.00 Million | ▲ +91.2% |
| 2021 | 0.21x | $2.63 Billion | $560.00 Million | ▼ -21.7% |
| 2020 | 0.27x | $1.76 Billion | $479.00 Million | ▼ -84.6% |
| 2019 | 1.77x | $390.00 Million | $690.00 Million | ▼ -5.2% |
| 2018 | 1.87x | $360.00 Million | $672.00 Million | ▲ +462.8% |
| 2017 | 0.33x | $1.81 Billion | $601.00 Million | ▼ -46.4% |
| 2015 | 0.62x | $507.00 Million | $314.00 Million | ▲ +153.9% |
| 2014 | 0.24x | $1.27 Billion | $311.00 Million | ▼ -95.7% |
| 2013 | 5.65x | $72.00 Million | $407.00 Million | ▲ +976.6% |
| 2011 | 0.53x | $1.14 Billion | $597.00 Million | ▲ +269.2% |
| 2010 | 0.14x | $4.77 Billion | $679.00 Million | ▼ -17.2% |
| 2009 | 0.17x | $3.25 Billion | $558.00 Million | ▼ -46.1% |
| 2008 | 0.32x | $3.20 Billion | $1.02 Billion | ▲ +188.4% |
| 2007 | 0.11x | $7.89 Billion | $873.11 Million | ▼ -36.2% |
| 2006 | 0.17x | $4.48 Billion | $776.63 Million | ▲ +18.5% |
| 2005 | 0.15x | $4.14 Billion | $606.21 Million | ▲ +16.1% |
| 2004 | 0.13x | $4.34 Billion | $547.36 Million | ▲ +53.1% |
| 2003 | 0.08x | $5.24 Billion | $431.16 Million | ▲ +10.8% |
| 2002 | 0.07x | $5.82 Billion | $432.65 Million | ▼ -53.2% |
| 2001 | 0.16x | $6.56 Billion | $1.04 Billion | ▼ -64.7% |
| 2000 | 0.45x | $3.52 Billion | $1.58 Billion | ▲ +7.3% |
| 1999 | 0.42x | $3.11 Billion | $1.31 Billion | ▼ -15.4% |
| 1998 | 0.50x | $1.68 Billion | $833.05 Million | ▲ +31.3% |
| 1997 | 0.38x | $1.71 Billion | $646.36 Million | ▲ +16.3% |
| 1996 | 0.33x | $1.44 Billion | $466.82 Million | — |