Nokia Oyj (Nokia Oyj) Cash And Cash Equivalents : $7,132 Mil (As of Mar. 2024)

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What is Nokia Oyj Cash And Cash Equivalents?

Nokia Oyj's quarterly cash and cash equivalents increased from Sep. 2023 ($4,914.62 Mil) to Dec. 2023 ($6,798.26 Mil) and increased from Dec. 2023 ($6,798.26 Mil) to Mar. 2024 ($7,131.52 Mil).

Nokia Oyj's annual cash and cash equivalents declined from Dec. 2021 ($7,560.45 Mil) to Dec. 2022 ($5,791.31 Mil) but then increased from Dec. 2022 ($5,791.31 Mil) to Dec. 2023 ($6,798.26 Mil).

Nokia Oyj Cash And Cash Equivalents Historical Data

The historical data trend for Nokia Oyj's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nokia Oyj Cash And Cash Equivalents Chart

Nokia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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6,566.67

8,442.82

7,560.45

5,791.31

6,798.26

Nokia Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															5,168.09	5,531.96	4,914.62	6,798.26	7,131.52

Nokia Oyj Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Nokia Oyj (NYSE:NOK) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Nokia Oyj Cash And Cash Equivalents Related Terms

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Nokia Oyj (Nokia Oyj) Business Description

Industry

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Address

Karakaari 7, Espoo, FIN, FI-02610

Website

http://www.nokia.com

Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest, followed closely by network infrastructure. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises with as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.