Nokia Corp ADR (NOK) — Capital Reinvestment Ratio
Latest as of December 2025:
0.39x
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 cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.39x
Capex / Operating Cash Flow
Operating Cash Flow
$370.36 Million
USD
Capital Expenditures
$145.07 Million
USD
Data as of
Dec 2025
Most recent filing
Nokia Corp ADR Capital Reinvestment Ratio (1996–2025)
This chart tracks Nokia Corp ADR's Capital Reinvestment Ratio across 28 annual periods.
Annual Capital Reinvestment Ratio for Nokia Corp ADR (1996–2025)
Year-by-year Capital Reinvestment Ratio for Nokia Corp ADR from 1996 to 2025. For live market cap and broader valuation context, see Nokia Corp ADR stock valuation.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow