Nokia Oyj Financial Flexibility Index

Latest as of September 2025: 0.05x

Nokia Oyj financial flexibility index. 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). See NOKIA free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.

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

Financial Flexibility Index of Nokia Oyj (1995–2024)

Financial flexibility index of Nokia Oyj from 1995 to 2024. Historical Financial Flexibility Index trend for Nokia Oyj across 30 annual periods. Check NOKIA cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

Nokia Oyj Financial Flexibility Index by Year (1995–2024)

Nokia Oyj financial flexibility index by year from 1995 to 2024. Year-by-year free cash flow to debt coverage for Nokia Oyj. For the full cash flow conversion analysis, see Nokia Oyj cash flow conversion.

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