Nokia Oyj (NOKIA) - Total Assets

Latest as of September 2025: €36.04 Billion EUR ≈ $42.14 Billion USD

Based on the latest financial reports, Nokia Oyj (NOKIA) holds total assets worth €36.04 Billion EUR (≈ $42.14 Billion USD) as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore NOKIA cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.

Nokia Oyj - Total Assets Trend (1995–2024)

This chart illustrates how Nokia Oyj's total assets have evolved over time, based on quarterly financial data. See shareholders equity of Nokia Oyj for net asset value and shareholders' equity analysis.

Nokia Oyj - Asset Composition Analysis

Current Asset Composition (December 2024)

Nokia Oyj's total assets of €36.04 Billion consist of 45.9% current assets and 54.1% non-current assets.

Asset Category	Amount (EUR)	% of Total Assets
Cash & Equivalents	€6.62 Billion	16.9%
Accounts Receivable	€6.74 Billion	17.2%
Inventory	€2.16 Billion	5.5%
Property, Plant & Equipment	€2.12 Billion	5.4%
Intangible Assets	€802.00 Million	2.1%
Goodwill	€5.74 Billion	14.7%

Asset Composition Trend (1995–2024)

This chart illustrates how Nokia Oyj's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see NOKIA market cap.

Show as percentage

Key Asset Composition Facts

Current vs. Non-Current Assets: Nokia Oyj's current assets represent 45.9% of total assets in 2024, a decrease from 72.4% in 1995.
Cash Position: Cash and equivalents constituted 16.9% of total assets in 2024, up from 12.9% in 1995.
Tangible vs. Intangible: Intangible assets (including goodwill) make up 16.0% of total assets, an increase from 4.0% in 1995.
Asset Diversification: The largest asset category is accounts receivable at 17.2% of total assets.

Nokia Oyj Competitors by Total Assets

Key competitors of Nokia Oyj based on total assets are shown below.

Company	Country	Total Assets
Ast Spacemobile Inc NASDAQ:ASTS	USA	$2.55 Billion
Shenzhen SDG Information Co Ltd SHE:000070	China	CN¥7.88 Billion
Elsight Ltd AU:ELS	Australia	AU$64.17 Million
Mayfield Group Holdings Ltd AU:MYG	Australia	AU$65.95 Million
Beam Communications Holdings Ltd AU:BCC	Australia	AU$8.80 Million
Frequentis AG VI:FQT	Austria	€421.02 Million
Crescent NV BR:OPTI	Belgium	€10.04 Million
Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira SA:INTB3	Brazil	R$5.59 Billion

Nokia Oyj - Liquidity and Working Capital Analysis

Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.

Key Liquidity Metrics

Metric	Current	1 Year Ago	5 Years Ago
Current Ratio	1.48	1.72	1.55
Quick Ratio	1.23	1.46	1.36
Cash Ratio	0.00	0.72	0.00
Working Capital	€4.65 Billion	€7.04 Billion	€6.49 Billion

Nokia Oyj - Advanced Valuation Insights

This section examines the relationship between Nokia Oyj's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.

Key Valuation Metrics

Current Price-to-Book Ratio	1.47
Latest Market Cap to Assets Ratio	0.74
Asset Growth Rate (YoY)	-1.8%
Total Assets	€39.15 Billion
Market Capitalization	$28.99 Billion USD

Valuation Analysis

Below Book Valuation: The market values Nokia Oyj's assets below their book value (0.74x), which may indicate investor concerns about asset quality or future growth.

Slight Asset Contraction: Nokia Oyj's assets decreased by 1.8% over the past year, which may reflect streamlining or optimization of resources.

Annual Total Assets for Nokia Oyj (1995–2024)

The table below shows the annual total assets of Nokia Oyj from 1995 to 2024.

Year	Total Assets	Change
2024-12-31	€39.15 Billion ≈ $45.77 Billion	-1.78%
2023-12-31	€39.86 Billion ≈ $46.60 Billion	-7.18%
2022-12-31	€42.94 Billion ≈ $50.20 Billion	+7.23%
2021-12-31	€40.05 Billion ≈ $46.82 Billion	+10.37%
2020-12-31	€36.28 Billion ≈ $42.42 Billion	-7.27%
2019-12-31	€39.13 Billion ≈ $45.74 Billion	-1.01%
2018-12-31	€39.53 Billion ≈ $46.21 Billion	-3.65%
2017-12-31	€41.02 Billion ≈ $47.96 Billion	-8.63%
2016-12-31	€44.90 Billion ≈ $52.49 Billion	+115.14%
2015-12-31	€20.87 Billion ≈ $24.40 Billion	-0.92%
2014-12-31	€21.06 Billion ≈ $24.62 Billion	-16.39%
2013-12-31	€25.19 Billion ≈ $29.45 Billion	-15.89%
2012-12-31	€29.95 Billion ≈ $35.01 Billion	-17.28%
2011-12-31	€36.20 Billion ≈ $42.33 Billion	-7.46%
2010-12-31	€39.12 Billion ≈ $45.74 Billion	+9.47%
2009-12-31	€35.74 Billion ≈ $41.78 Billion	-9.93%
2008-12-31	€39.68 Billion ≈ $46.39 Billion	+5.36%
2007-12-31	€37.66 Billion ≈ $44.03 Billion	+66.50%
2006-12-31	€22.62 Billion ≈ $26.44 Billion	+1.51%
2005-12-31	€22.28 Billion ≈ $26.05 Billion	-1.64%
2004-12-31	€22.65 Billion ≈ $26.48 Billion	-5.13%
2003-12-31	€23.88 Billion ≈ $27.92 Billion	+2.27%
2002-12-31	€23.35 Billion ≈ $27.30 Billion	+3.93%
2001-12-31	€22.47 Billion ≈ $26.26 Billion	+12.64%
2000-12-31	€19.94 Billion ≈ $23.32 Billion	+39.27%
1999-12-31	€14.32 Billion ≈ $16.74 Billion	+43.41%
1998-12-31	€9.99 Billion ≈ $11.67 Billion	+42.71%
1997-12-31	€7.00 Billion ≈ $8.18 Billion	+21.84%
1996-12-31	€5.74 Billion ≈ $6.71 Billion	-1.50%
1995-12-31	€5.83 Billion ≈ $6.82 Billion	--

About Nokia Oyj

HE:NOKIA Finland Communication Equipment

Market Cap

$52.51 Billion

€44.92 Billion EUR

Market Cap Rank

#914 Global

#2 in Finland

Share Price

€8.10

Change (1 day)

+1.78%

52-Week Range

€3.51 - €14.81

All Time High

€14.81