Nokia Oyj Working Capital to Net Assets Ratio
Nokia Oyj working capital to net assets ratio. Nokia Oyj (NOKIA) has a Working Capital to Net Assets ratio of 23.6% as of September 2025. Working capital of €4.65 Billion (current assets of €14.37 Billion minus current liabilities of €9.72 Billion) is measured against net assets of €19.67 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible net worth ratio of Nokia Oyj to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Nokia Oyj (1995–2024)
Working capital to net assets ratio of Nokia Oyj from 1995 to 2024. This chart shows how Nokia Oyj's Working Capital to Net Assets ratio has evolved across 30 annual periods from 1995 to 2024. As of September 2025, the ratio stands at 23.6%, reflecting working capital of €4.65 Billion against net assets of €19.67 Billion EUR. See NOKIA days of operational coverage to measure how many days the company can operate on defensive assets alone.
Nokia Oyj Working Capital to Net Assets Ratio by Year (1995–2024)
Nokia Oyj working capital to net assets ratio by year from 1995 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Nokia Oyj from 1995 to 2024, covering 30 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see Nokia Oyj balance sheet assets.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 31.8% | €6.59 Billion | €20.75 Billion | €17.99 Billion | €11.39 Billion | ▼ -2.9 pp |
| 2023 | 34.7% | €7.15 Billion | €20.63 Billion | €18.09 Billion | €10.93 Billion | ▼ -0.3 pp |
| 2022 | 35.0% | €7.49 Billion | €21.43 Billion | €20.27 Billion | €12.77 Billion | ▼ -8.0 pp |
| 2021 | 42.9% | €7.50 Billion | €17.46 Billion | €19.60 Billion | €12.10 Billion | ▼ -8.4 pp |
| 2020 | 51.3% | €6.49 Billion | €12.64 Billion | €18.25 Billion | €11.76 Billion | ▲ +20.5 pp |
| 2019 | 30.9% | €4.75 Billion | €15.40 Billion | €16.81 Billion | €12.05 Billion | ▲ +3.9 pp |
| 2018 | 27.0% | €4.15 Billion | €15.37 Billion | €18.26 Billion | €14.12 Billion | ▼ -16.5 pp |
| 2017 | 43.5% | €7.06 Billion | €16.22 Billion | €19.86 Billion | €12.81 Billion | ▲ +4.8 pp |
| 2016 | 38.7% | €8.11 Billion | €20.97 Billion | €20.72 Billion | €12.61 Billion | ▼ -51.4 pp |
| 2015 | 90.1% | €9.43 Billion | €10.47 Billion | €15.82 Billion | €6.39 Billion | ▲ +15.9 pp |
| 2014 | 74.2% | €6.44 Billion | €8.67 Billion | €13.72 Billion | €7.29 Billion | ▼ -0.3 pp |
| 2013 | 74.5% | €4.96 Billion | €6.66 Billion | €19.14 Billion | €14.18 Billion | ▲ +8.6 pp |
| 2012 | 66.0% | €6.23 Billion | €9.45 Billion | €20.88 Billion | €14.65 Billion | ▲ +8.4 pp |
| 2011 | 57.6% | €8.01 Billion | €13.92 Billion | €25.45 Billion | €17.44 Billion | ▼ -1.6 pp |
| 2010 | 59.2% | €9.61 Billion | €16.23 Billion | €27.14 Billion | €17.54 Billion | ▲ +2.1 pp |
| 2009 | 57.1% | €8.43 Billion | €14.75 Billion | €23.61 Billion | €15.19 Billion | ▲ +32.2 pp |
| 2008 | 24.9% | €4.12 Billion | €16.55 Billion | €24.53 Billion | €20.40 Billion | ▼ -34.6 pp |
| 2007 | 59.5% | €10.33 Billion | €17.37 Billion | €29.34 Billion | €19.01 Billion | ▼ -10.4 pp |
| 2006 | 69.9% | €8.43 Billion | €12.06 Billion | €18.59 Billion | €10.16 Billion | ▼ -5.2 pp |
| 2005 | 75.1% | €9.27 Billion | €12.35 Billion | €18.94 Billion | €9.66 Billion | ▼ -5.0 pp |
| 2004 | 80.1% | €11.53 Billion | €14.40 Billion | €19.49 Billion | €7.96 Billion | ▲ +3.0 pp |
| 2003 | 77.1% | €11.78 Billion | €15.29 Billion | €20.05 Billion | €8.27 Billion | ▲ +13.6 pp |
| 2002 | 63.5% | €9.18 Billion | €14.47 Billion | €17.60 Billion | €8.42 Billion | ▲ +15.5 pp |
| 2001 | 48.0% | €5.96 Billion | €12.42 Billion | €15.54 Billion | €9.58 Billion | ▲ +3.3 pp |
| 2000 | 44.7% | €4.92 Billion | €11.02 Billion | €13.54 Billion | €8.62 Billion | ▼ -14.3 pp |
| 1999 | 58.9% | €4.43 Billion | €7.52 Billion | €10.82 Billion | €6.39 Billion | ▼ -6.1 pp |
| 1998 | 65.0% | €3.34 Billion | €5.15 Billion | €7.78 Billion | €4.43 Billion | ▲ +0.9 pp |
| 1997 | 64.1% | €2.33 Billion | €3.64 Billion | €5.41 Billion | €3.08 Billion | ▲ +1.7 pp |
| 1996 | 62.4% | €1.72 Billion | €2.75 Billion | €4.29 Billion | €2.57 Billion | ▲ +7.9 pp |
| 1995 | 54.5% | €1.38 Billion | €2.53 Billion | €4.22 Billion | €2.84 Billion | — |