Nokia Corp ADR (NOK) — 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). Check Nokia Corp ADR (NOK) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Nokia Corp ADR Capital Reinvestment Ratio (1996–2025)
This chart tracks Nokia Corp ADR's Capital Reinvestment Ratio across 28 annual periods. For the full cash flow conversion analysis, see Nokia Corp ADR (NOK) cash flow conversion.
Annual Capital Reinvestment Ratio for Nokia Corp ADR (1996–2025)
Year-by-year Capital Reinvestment Ratio for Nokia Corp ADR from 1996 to 2025. See cash generation quality of Nokia Corp ADR to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |