Nokia Corporation (NOKN) - Total Assets
Based on the latest financial reports, Nokia Corporation (NOKN) holds total assets worth MX$36.04 Billion MXN 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.
Nokia Corporation - Total Assets Trend (2014–2024)
This chart illustrates how Nokia Corporation's total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nokia Corporation - Asset Composition Analysis
Current Asset Composition (December 2024)
Nokia Corporation's total assets of MX$36.04 Billion consist of 45.9% current assets and 54.1% non-current assets.
| Asset Category | Amount (MXN) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | MX$0.00 | 16.9% |
| Accounts Receivable | MX$5.25 Billion | 13.4% |
| Inventory | MX$2.16 Billion | 5.5% |
| Property, Plant & Equipment | MX$0.00 | 0.0% |
| Intangible Assets | MX$802.00 Million | 2.1% |
| Goodwill | MX$5.74 Billion | 14.7% |
Asset Composition Trend (2014–2024)
This chart illustrates how Nokia Corporation'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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Nokia Corporation's current assets represent 45.9% of total assets in 2024, a decrease from 65.2% in 2014.
- Cash Position: Cash and equivalents constituted 16.9% of total assets in 2024, down from 24.6% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 16.0% of total assets, an increase from 13.0% in 2014.
- Asset Diversification: The largest asset category is goodwill at 14.7% of total assets.
Nokia Corporation Competitors by Total Assets
Key competitors of Nokia Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen SDG Information Co Ltd
SHE:000070
|
China | CN¥7.31 Billion |
|
Gaon Cable
KO:000500
|
Korea | ₩1.26 Trillion |
|
Addsino Co Ltd
SHE:000547
|
China | CN¥10.22 Billion |
|
Sichuan Huiyuan Optical Com
SHE:000586
|
China | CN¥612.88 Million |
|
PetroChina Jinhong Energy Investment Co Ltd
SHE:000669
|
China | CN¥2.40 Billion |
|
Sichuan Jiuzhou Electronic Co Ltd
SHE:000801
|
China | CN¥7.33 Billion |
|
Skyworth Digital Co Ltd
SHE:000810
|
China | CN¥11.15 Billion |
|
Gohigh Data Networks Technology Co Ltd
SHE:000851
|
China | CN¥4.48 Billion |
Nokia Corporation - 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 | 1.68 | 1.53 |
| Quick Ratio | 1.23 | 1.45 | 1.29 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | MX$4.65 Billion | MX$7.31 Billion | MX$6.04 Billion |
Nokia Corporation - Advanced Valuation Insights
This section examines the relationship between Nokia Corporation'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 | 1.79 |
| Latest Market Cap to Assets Ratio | 1.49 |
| Asset Growth Rate (YoY) | -1.8% |
| Total Assets | MX$39.15 Billion |
| Market Capitalization | $58.15 Billion USD |
Valuation Analysis
Above Book Valuation: The market values Nokia Corporation's assets above their book value (1.49x), reflecting positive investor sentiment about the company's future prospects.
Slight Asset Contraction: Nokia Corporation's assets decreased by 1.8% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Nokia Corporation (2014–2024)
The table below shows the annual total assets of Nokia Corporation from 2014 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | MX$39.15 Billion | -1.78% |
| 2023-12-31 | MX$39.86 Billion | -7.18% |
| 2022-12-31 | MX$42.94 Billion | +7.23% |
| 2021-12-31 | MX$40.05 Billion | +10.37% |
| 2020-12-31 | MX$36.28 Billion | -7.27% |
| 2019-12-31 | MX$39.13 Billion | -0.98% |
| 2018-12-31 | MX$39.52 Billion | -3.67% |
| 2017-12-31 | MX$41.02 Billion | -8.63% |
| 2016-12-31 | MX$44.90 Billion | +114.57% |
| 2015-12-31 | MX$20.93 Billion | -0.65% |
| 2014-12-31 | MX$21.06 Billion | -- |
About Nokia Corporation
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, Asia Pacific, Europe, the Middle East, and Africa. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company offers fixed network solutions, such as fiber and copper technologie… Read more