Nokia Corp ADR (NOK) — Working Capital to Net Assets Ratio
Nokia Corp ADR (NOK) has a Working Capital to Net Assets ratio of 27.5% as of December 2025. Working capital of $5.79 Billion (current assets of $15.79 Billion minus current liabilities of $10.00 Billion) is measured against net assets of $21.05 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Nokia Corp ADR financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nokia Corp ADR Working Capital to Net Assets (1995–2025)
This chart shows how Nokia Corp ADR's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1995 to 2025. As of December 2025, the ratio stands at 27.5%, reflecting working capital of $5.79 Billion against net assets of $21.05 Billion USD. See Nokia Corp ADR (NOK) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Nokia Corp ADR (1995–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nokia Corp ADR from 1995 to 2025, covering 31 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 live market cap and the full company profile, see market cap of Nokia Corp ADR.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 27.5% | $5.79 Billion | $21.05 Billion | $15.79 Billion | $10.00 Billion | ▼ -4.3 pp |
| 2024 | 31.8% | $6.59 Billion | $20.75 Billion | $17.99 Billion | $11.39 Billion | ▼ -3.3 pp |
| 2023 | 35.1% | $7.23 Billion | $20.63 Billion | $18.17 Billion | $10.93 Billion | ▲ +0.1 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 | ▼ -8.5 pp |
| 2020 | 51.4% | $7.90 Billion | $15.35 Billion | $22.29 Billion | $14.39 Billion | ▲ +20.6 pp |
| 2019 | 30.9% | $5.34 Billion | $17.29 Billion | $18.87 Billion | $13.53 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 | — |