Nokia Oyj Cash Flow-to-Debt Ratio
Nokia Oyj cash flow-to-debt ratio. Nokia Oyj (NOKIA) has a Cash Flow-to-Debt Ratio of 0.04x as of September 2025, meaning its operating cash flow of €597.00 Million could theoretically repay 0% of its total liabilities (€16.37 Billion) in one year. Check how high is Nokia Oyj's earnings quality to evaluate the quality of earnings relative to operating cash generation.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Nokia Oyj (1995–2024)
Cash flow-to-debt ratio of Nokia Oyj from 1995 to 2024. Historical debt coverage capacity for Nokia Oyj across 30 annual periods. Check NOKIA total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Nokia Oyj Cash Flow-to-Debt Ratio by Year (1995–2024)
Nokia Oyj cash flow-to-debt ratio by year from 1995 to 2024. Year-by-year debt coverage analysis for Nokia Oyj. For the full cash flow conversion analysis, see NOKIA cash flow conversion.
| Year | CF-to-Debt Ratio | Operating CF (EUR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.14x | €2.49 Billion | €18.40 Billion | ▲ +97.8% |
| 2023 | 0.07x | €1.32 Billion | €19.23 Billion | ▼ 0.0% |
| 2022 | 0.07x | €1.47 Billion | €21.52 Billion | ▼ -41.1% |
| 2021 | 0.12x | €2.63 Billion | €22.59 Billion | ▲ +56.3% |
| 2020 | 0.07x | €1.76 Billion | €23.65 Billion | ▲ +352.5% |
| 2019 | 0.02x | €390.00 Million | €23.73 Billion | ▲ +10.3% |
| 2018 | 0.01x | €360.00 Million | €24.16 Billion | ▼ -79.6% |
| 2017 | 0.07x | €1.81 Billion | €24.81 Billion | ▲ +220.1% |
| 2016 | -0.06x | €-1.46 Billion | €23.93 Billion | ▼ -224.8% |
| 2015 | 0.05x | €507.00 Million | €10.40 Billion | ▼ -52.6% |
| 2014 | 0.10x | €1.27 Billion | €12.39 Billion | ▲ +2547.7% |
| 2013 | 0.00x | €72.00 Million | €18.53 Billion | ▲ +122.5% |
| 2012 | -0.02x | €-354.00 Million | €20.50 Billion | ▼ -133.8% |
| 2011 | 0.05x | €1.14 Billion | €22.29 Billion | ▼ -75.5% |
| 2010 | 0.21x | €4.77 Billion | €22.89 Billion | ▲ +34.8% |
| 2009 | 0.15x | €3.25 Billion | €20.99 Billion | ▲ +11.6% |
| 2008 | 0.14x | €3.20 Billion | €23.13 Billion | ▼ -64.4% |
| 2007 | 0.39x | €7.89 Billion | €20.29 Billion | ▼ -8.3% |
| 2006 | 0.42x | €4.48 Billion | €10.56 Billion | ▲ +1.7% |
| 2005 | 0.42x | €4.14 Billion | €9.93 Billion | ▼ -20.7% |
| 2004 | 0.53x | €4.34 Billion | €8.26 Billion | ▼ -13.7% |
| 2003 | 0.61x | €5.24 Billion | €8.59 Billion | ▼ -7.0% |
| 2002 | 0.66x | €5.82 Billion | €8.88 Billion | ▲ +0.3% |
| 2001 | 0.65x | €6.56 Billion | €10.04 Billion | ▲ +65.7% |
| 2000 | 0.39x | €3.52 Billion | €8.93 Billion | ▼ -13.9% |
| 1999 | 0.46x | €3.11 Billion | €6.80 Billion | ▲ +31.9% |
| 1998 | 0.35x | €1.68 Billion | €4.84 Billion | ▼ -31.9% |
| 1997 | 0.51x | €1.71 Billion | €3.36 Billion | ▲ +6.1% |
| 1996 | 0.48x | €1.44 Billion | €2.99 Billion | ▲ +1486.4% |
| 1995 | -0.03x | €-114.26 Million | €3.30 Billion | — |