Nokia Corporation Current Ratio: 1.47
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NOK Current Ratio Rankings
| Overall | 40th percentile | 2700 of 4546 |
| Sector | 22nd percentile | 654 of 845 in Technology |
| Industry | 14th percentile | 54 of 63 in Communication Equipment |
NOK Current Ratio Range, Past 5 Years
| Minimum | 1.27 | Mar 1993 |
| Maximum | 18.09 | Sep 1998 |
| Average |
About Current Ratio
The current ratio measures a company's ability to pay short-term debts and other current liabilities (financial obligations lasting less than one year) by comparing current assets to current liabilities. Current assets are cash and any assets expected to be converted into cash within the next year. The ratio illustrates a company's ability to remain solvent.
A current ratio of 1 means that book value of current assets is exactly the same as book value of current liabilities. In general, investors look for a company with a current ratio of 2:1, meaning that it has twice as many current assets as current liabilities. A current ratio less than one indicates the company might have problems meeting short-term financial obligations. If the ratio is too high, the company may not be efficiently using its current assets or short term financing facilities.
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