Nokia Oyj (NOKIA) — Financial Flexibility Index

Latest as of September 2025: 0.05x

Nokia Oyj (NOKIA) has a Financial Flexibility Index of 0.05x as of September 2025. Free cash flow of €765.00 Million (operating CF €597.00 Million minus capex €168.00 Million) represents 0% of total liabilities (€16.37 Billion). Check cash flow reinvestment rate of Nokia Oyj to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.05x
Free Cash Flow / Total Liabilities

Free Cash Flow

€765.00 Million
Operating CF − Capex

Total Liabilities

€16.37 Billion
EUR

Capital Expenditures

€168.00 Million
EUR

Nokia Oyj Financial Flexibility Index (1995–2024)

Historical Financial Flexibility Index trend for Nokia Oyj across 30 annual periods. For the full cash flow conversion analysis, see Nokia Oyj operating cash flow efficiency.

Annual Financial Flexibility Index for Nokia Oyj (1995–2024)

Year-by-year free cash flow to debt coverage for Nokia Oyj. Explore NOKIA operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2024 0.16x €2.96 Billion €2.49 Billion €18.40 Billion ▲ +57.4%
2023 0.10x €1.97 Billion €1.32 Billion €19.23 Billion ▲ +6.2%
2022 0.10x €2.08 Billion €1.47 Billion €21.52 Billion ▼ -31.6%
2021 0.14x €3.19 Billion €2.63 Billion €22.59 Billion ▲ +49.1%
2020 0.09x €2.24 Billion €1.76 Billion €23.65 Billion ▲ +107.9%
2019 0.05x €1.08 Billion €390.00 Million €23.73 Billion ▲ +6.5%
2018 0.04x €1.03 Billion €360.00 Million €24.16 Billion ▼ -56.1%
2017 0.10x €2.41 Billion €1.81 Billion €24.81 Billion ▲ +338.0%
2016 -0.04x €-978.00 Million €-1.46 Billion €23.93 Billion ▼ -151.8%
2015 0.08x €821.00 Million €507.00 Million €10.40 Billion ▼ -38.3%
2014 0.13x €1.59 Billion €1.27 Billion €12.39 Billion ▲ +395.1%
2013 0.03x €479.00 Million €72.00 Million €18.53 Billion ▲ +395.3%
2012 0.01x €107.00 Million €-354.00 Million €20.50 Billion ▼ -93.3%
2011 0.08x €1.73 Billion €1.14 Billion €22.29 Billion ▼ -67.3%
2010 0.24x €5.45 Billion €4.77 Billion €22.89 Billion ▲ +31.4%
2009 0.18x €3.81 Billion €3.25 Billion €20.99 Billion ▼ -0.8%
2008 0.18x €4.23 Billion €3.20 Billion €23.13 Billion ▼ -57.7%
2007 0.43x €8.77 Billion €7.89 Billion €20.29 Billion ▼ -13.2%
2006 0.50x €5.25 Billion €4.48 Billion €10.56 Billion ▲ +4.1%
2005 0.48x €4.75 Billion €4.14 Billion €9.93 Billion ▼ -19.3%
2004 0.59x €4.89 Billion €4.34 Billion €8.26 Billion ▼ -10.2%
2003 0.66x €5.67 Billion €5.24 Billion €8.59 Billion ▼ -6.3%
2002 0.70x €6.25 Billion €5.82 Billion €8.88 Billion ▼ -7.0%
2001 0.76x €7.60 Billion €6.56 Billion €10.04 Billion ▲ +32.4%
2000 0.57x €5.10 Billion €3.52 Billion €8.93 Billion ▼ -12.0%
1999 0.65x €4.42 Billion €3.11 Billion €6.80 Billion ▲ +25.1%
1998 0.52x €2.51 Billion €1.68 Billion €4.84 Billion ▼ -26.0%
1997 0.70x €2.36 Billion €1.71 Billion €3.36 Billion ▲ +10.3%
1996 0.64x €1.90 Billion €1.44 Billion €2.99 Billion ▲ +343.9%
1995 0.14x €472.86 Million €-114.26 Million €3.30 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities