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Nokia (DE:NOA3)
XETRA:NOA3
Germany Market

Nokia (NOA3) Ratios

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Nokia Ratios

DE:NOA3's free cash flow for Q4 2025 was €0.45. For the 2025 fiscal year, DE:NOA3's free cash flow was decreased by € and operating cash flow was €0.13. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
1.58 1.58 1.58 1.65 1.59
Quick Ratio
1.36 1.36 1.39 1.41 1.33
Cash Ratio
0.55 0.55 0.58 0.57 0.43
Solvency Ratio
0.12 0.11 0.12 0.09 0.25
Operating Cash Flow Ratio
0.21 0.21 0.22 0.12 0.12
Short-Term Operating Cash Flow Coverage
1.61 1.61 2.57 2.38 6.46
Net Current Asset Value
€ -747.00M€ -747.00M€ -415.00M€ -1.15B€ -1.25B
Leverage Ratios
Debt-to-Assets Ratio
0.14 0.14 0.12 0.13 0.13
Debt-to-Equity Ratio
0.25 0.25 0.23 0.25 0.26
Debt-to-Capital Ratio
0.20 0.20 0.19 0.20 0.21
Long-Term Debt-to-Capital Ratio
0.13 0.13 0.12 0.15 0.17
Financial Leverage Ratio
1.79 1.79 1.90 1.94 2.01
Debt Service Coverage Ratio
1.34 1.35 2.34 2.29 12.38
Interest Coverage Ratio
182.29 0.00 6.00 4.73 10.44
Debt to Market Cap
0.11 0.15 0.17 0.24 0.18
Interest Debt Per Share
0.95 0.96 0.93 1.00 1.02
Net Debt to EBITDA
-0.13 -0.13 -0.55 -0.36 0.01
Profitability Margins
Gross Profit Margin
43.65%42.08%46.12%39.71%41.03%
EBIT Margin
4.51%4.51%12.58%8.20%9.66%
EBITDA Margin
10.13%10.14%17.86%13.09%14.23%
Operating Profit Margin
6.41%8.28%10.40%7.58%9.31%
Pretax Profit Margin
5.85%4.60%10.88%6.73%8.77%
Net Profit Margin
4.45%3.16%6.64%2.99%17.06%
Continuous Operations Profit Margin
3.20%3.21%8.90%3.03%16.90%
Net Income Per EBT
76.12%68.74%61.07%44.36%194.60%
EBT Per EBIT
91.22%55.59%104.60%88.80%94.22%
Return on Assets (ROA)
2.36%1.67%3.26%1.67%9.90%
Return on Equity (ROE)
4.38%3.00%6.18%3.24%19.92%
Return on Capital Employed (ROCE)
4.62%5.97%7.20%5.84%7.68%
Return on Invested Capital (ROIC)
3.34%3.97%5.66%2.56%7.58%
Return on Tangible Assets
2.93%2.08%3.92%2.00%11.80%
Earnings Yield
2.16%2.09%5.46%3.80%17.48%
Efficiency Ratios
Receivables Turnover
2.92 2.92 2.85 3.21 3.36
Payables Turnover
3.76 3.87 3.22 3.92 3.11
Inventory Turnover
5.08 5.22 4.79 4.94 4.50
Fixed Asset Turnover
7.99 7.99 9.07 7.79 8.46
Asset Turnover
0.53 0.53 0.49 0.56 0.58
Working Capital Turnover Ratio
3.81 3.21 2.80 3.04 3.32
Cash Conversion Cycle
100.09 100.79 90.95 94.68 72.26
Days of Sales Outstanding
125.13 125.16 127.96 113.82 108.66
Days of Inventory Outstanding
71.92 69.99 76.24 73.95 81.13
Days of Payables Outstanding
96.96 94.36 113.24 93.10 117.53
Operating Cycle
197.05 195.15 204.19 187.77 189.79
Cash Flow Ratios
Operating Cash Flow Per Share
0.38 0.38 0.46 0.24 0.26
Free Cash Flow Per Share
0.27 0.27 0.37 0.12 0.16
CapEx Per Share
0.11 0.11 0.09 0.12 0.11
Free Cash Flow to Operating Cash Flow
0.71 0.71 0.81 0.50 0.59
Dividend Paid and CapEx Coverage Ratio
1.52 1.52 2.09 1.04 1.55
Capital Expenditure Coverage Ratio
3.42 3.42 5.28 2.02 2.45
Operating Cash Flow Coverage Ratio
0.40 0.40 0.52 0.25 0.27
Operating Cash Flow to Sales Ratio
0.10 0.10 0.13 0.06 0.06
Free Cash Flow Yield
3.52%4.86%8.64%3.80%3.59%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
46.36 47.96 18.31 26.29 5.72
Price-to-Sales (P/S) Ratio
2.09 1.52 1.22 0.79 0.98
Price-to-Book (P/B) Ratio
1.96 1.44 1.13 0.85 1.14
Price-to-Free Cash Flow (P/FCF) Ratio
28.44 20.59 11.57 26.29 27.85
Price-to-Operating Cash Flow Ratio
19.84 14.57 9.38 13.27 16.49
Price-to-Earnings Growth (PEG) Ratio
-1.31 -1.00 0.20 -0.31 0.04
Price-to-Fair Value
1.96 1.44 1.13 0.85 1.14
Enterprise Value Multiple
20.54 14.84 6.27 5.64 6.87
Enterprise Value
41.42B 29.91B 21.51B 16.43B 24.36B
EV to EBITDA
20.54 14.84 6.27 5.64 6.87
EV to Sales
2.08 1.50 1.12 0.74 0.98
EV to Free Cash Flow
28.27 20.42 10.64 24.71 27.91
EV to Operating Cash Flow
20.00 14.44 8.63 12.48 16.53
Tangible Book Value Per Share
2.48 2.52 2.59 2.53 2.58
Shareholders’ Equity Per Share
3.81 3.87 3.77 3.70 3.80
Tax and Other Ratios
Effective Tax Rate
0.24 0.30 0.18 0.55 -0.93
Revenue Per Share
3.61 3.67 3.51 4.01 4.44
Net Income Per Share
0.16 0.12 0.23 0.12 0.76
Tax Burden
0.76 0.69 0.61 0.44 1.95
Interest Burden
1.30 1.02 0.86 0.82 0.91
Research & Development to Revenue
0.24 0.23 0.23 0.19 0.18
SG&A to Revenue
0.00 0.00 0.00 0.00 0.00
Stock-Based Compensation to Revenue
0.00 0.00 0.01 <0.01 <0.01
Income Quality
2.32 3.29 1.94 2.00 0.35
Currency in EUR