Nokia Oyj (NOKIA) — 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. See Nokia Oyj free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Nokia Oyj Cash Flow-to-Debt Ratio (1995–2024)
Historical debt coverage capacity for Nokia Oyj across 30 annual periods. Also explore NOKIA shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Nokia Oyj (1995–2024)
Year-by-year debt coverage analysis for Nokia Oyj. For market capitalisation and broader financial context, see Nokia Oyj (NOKIA) market capitalisation.
| 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 | — |