In regards to leverage, Basel III introduced a minimum 3% leverage ratio and two required liquidity ratios: (1) the LiquidityCoverageRatio, which requires a bank to hold high-quality liquid assets to cover its total net cash outflows over 30 days, and (2) the Net Stable Funding Ratio, which requires the available amount of stable funding to exceed the required amount of stable funding over a one-year period of extended stress.
As the table below shows, these factors have enabled Nokia to maintain a healthy interest coverageratio and quick ratio (nearly equal to the industry average), dispensing any immediate liquidity concerns.