Nokia Corp ADR (NOK) — Financial Flexibility Index
Nokia Corp ADR (NOK) has a Financial Flexibility Index of 0.03x as of December 2025. Free cash flow of $515.44 Million (operating CF $370.36 Million minus capex $145.07 Million) represents 0% of total liabilities ($16.53 Billion). Check NOK total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Nokia Corp ADR Financial Flexibility Index (1995–2025)
Historical Financial Flexibility Index trend for Nokia Corp ADR across 31 annual periods. For the full cash flow conversion analysis, see NOK cash flow metrics.
Annual Financial Flexibility Index for Nokia Corp ADR (1995–2025)
Year-by-year free cash flow to debt coverage for Nokia Corp ADR. Explore cash flow to debt ratio of Nokia Corp ADR to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.16x | $2.57 Billion | $1.99 Billion | $16.53 Billion | ▼ -3.5% |
| 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 | ▲ +96.5% |
| 2020 | 0.07x | $2.24 Billion | $1.76 Billion | $31.17 Billion | ▲ +89.6% |
| 2019 | 0.04x | $1.08 Billion | $390.00 Million | $28.52 Billion | ▼ -11.4% |
| 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 | — |