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). Also explore NOKIA year-over-year net asset growth to track the company's year-over-year net asset growth rate.

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. Check NOKIA capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.

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

Year-by-year free cash flow to debt coverage for Nokia Oyj. For the full company profile including market capitalisation, see how much is Nokia Oyj worth.

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