Nokia Oyj (LTS:0HAF) Debt-to-EBITDA : 1.80 (As of Mar. 2024)

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What is Nokia Oyj Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Nokia Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €859 Mil. Nokia Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3,897 Mil. Nokia Oyj's annualized EBITDA for the quarter that ended in Mar. 2024 was €2,640 Mil. Nokia Oyj's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 1.80.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Nokia Oyj's Debt-to-EBITDA or its related term are showing as below:

LTS:0HAF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.03 Med: 2.07 Max: 7.43
Current: 1.63

During the past 13 years, the highest Debt-to-EBITDA Ratio of Nokia Oyj was 7.43. The lowest was 1.03. And the median was 2.07.

LTS:0HAF's Debt-to-EBITDA is ranked better than
52.44% of 1739 companies
in the Hardware industry
Industry Median: 1.78 vs LTS:0HAF: 1.63

Nokia Oyj Debt-to-EBITDA Historical Data

The historical data trend for Nokia Oyj's Debt-to-EBITDA 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 Debt-to-EBITDA Chart

Nokia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.49

3.06

1.76

1.56

1.76

Nokia Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															1.93	1.74	2.54	1.30	1.80

Competitive Comparison of Nokia Oyj's Debt-to-EBITDA

For the Communication Equipment subindustry, Nokia Oyj's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nokia Oyj's Debt-to-EBITDA Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nokia Oyj's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Nokia Oyj's Debt-to-EBITDA falls into.

Nokia Oyj Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Nokia Oyj's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(752	+	4436)	/	2944
	=	1.76

Nokia Oyj's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(859	+	3897)	/	2640
	=	1.80

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2024) EBITDA data.

Nokia Oyj (LTS:0HAF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Nokia Oyj Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Nokia Oyj's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Nokia Oyj (LTS:0HAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nokia Oyj (LTS:0HAF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

NOKBF:USA NOK:USA NOKIA SEK:Sweden NOK N:Mexico NOKIA:Italy 0K8D:UK NOKIAh:UK NOKIA:France NOKIA:Finland NOA3:Germany NOKIA:Czech Republic NOKI34:Brazil NOKI:Austria NOK:Argentina

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.

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