NOKNokia Oyj

$10.51

Is it safe?

Can NOK take a bad year?

Nokia Oyj holds $2.39B more cash than debt, so a bad year is a question about profits, not about lenders.

$2.39B

Net cash

Net debt / EBITDA
net cash

Net debt / EBITDA · no net borrowings to measure against earnings

Interest cover
3.60×

Interest cover · operating profit covers the interest bill, with room to spare

Annualised volatility
47%

Annualised volatility · roughly twice as jumpy as the market

Details
Total debtFY2025
$3.41B
Cash and short-term investments
$5.80B
Net cash
$2.39B
EBITDA, trailing twelve months
$2.00B
Operating profit, trailing twelve months
$885M
Debt / equity
0.16×
Total debt / EBITDA
1.70×
Annualised volatilitytwo years of daily moves
47%
Worst drawdown on file
−63%
Below its 52-week high
−38%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.