NOK  Nokia Corporation

Exchange

NYSE

Sector

Technology

Industry

Radio And Television Broadcasting And Communications Equipment

Market Cap.

36.26B

Weak Balance Sheet

NOK's financial position is not ideal. The key is to check whether NOK is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
Figures in EUR. Fiscal year ends in December
2007200820092010201120122013201420152016
Cash 11.74B 6.85B 9.20B 12.65B 10.90B 9.91B 9.30B 7.98B 9.96B 9.62B
Current Assets 29.26B 24.56B 23.61B 27.15B 25.46B 20.88B 13.80B 13.72B 15.82B 20.72B
Total Assets 37.55B 39.73B 35.74B 39.12B 36.21B 29.95B 25.19B 21.06B 20.93B 44.90B
Current Liabilities 18.95B 20.43B 15.19B 17.54B 17.44B 14.65B 9.45B 7.29B 6.39B 12.61B
Total Liabilities 22.80B 25.47B 22.65B 24.74B 24.33B 21.89B 18.72B 12.45B 10.42B 24.81B
Stockholder' Equity 14.76B 14.26B 13.09B 14.38B 11.87B 8.06B 6.47B 8.61B 10.50B 20.09B
Current Ratio 1.54 1.20 1.55 1.55 1.46 1.43 1.46 1.88 2.48 1.64
TL-to-TA 0.61 0.64 0.63 0.63 0.67 0.73 0.74 0.59 0.50 0.55

Low or No Reinvestment of Profits over the past 10 years

NOK has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to NOK operating at a loss or them having such a strong economic moat they feel comfortable spending profits on growth. Be wary of future prospects and if applicable, inspect the moat's sustainability.
Figures in EUR. Fiscal year ends in December
2007200820092010201120122013201420152016
Retained Earnings 13.85B 11.74B 10.13B 10.50B 7.84B 4.00B 2.58B 4.71B 6.28B 3.59B
Retained Earnings Growth - -15.28% -13.67% 3.63% -25.37% -49.02% -35.39% 82.49% 33.31% -42.86%