Telefonica SA ADR (TEF) — Capital Reinvestment Ratio
Telefonica SA ADR (TEF) has a Capital Reinvestment Ratio of 0.65x as of September 2025, meaning it reinvests 1% of its operating cash flow ($2.44 Billion) in capital expenditures ($1.58 Billion). See Telefonica SA ADR balance sheet quality to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Telefonica SA ADR Capital Reinvestment Ratio (1989–2024)
This chart tracks Telefonica SA ADR's Capital Reinvestment Ratio across 29 annual periods. Check TEF capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Telefonica SA ADR (1989–2024)
Year-by-year Capital Reinvestment Ratio for Telefonica SA ADR from 1989 to 2024. For live market cap and broader valuation context, see Telefonica SA ADR (TEF) total market value.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.53x | $10.99 Billion | $5.79 Billion | ▼ -0.4% |
| 2023 | 0.53x | $12.59 Billion | $6.66 Billion | ▲ +3.8% |
| 2022 | 0.51x | $10.81 Billion | $5.51 Billion | ▼ -15.1% |
| 2021 | 0.60x | $10.27 Billion | $6.16 Billion | ▲ +12.8% |
| 2020 | 0.53x | $13.20 Billion | $7.02 Billion | ▼ -5.1% |
| 2019 | 0.56x | $15.01 Billion | $8.41 Billion | ▼ -15.0% |
| 2018 | 0.66x | $13.31 Billion | $8.78 Billion | ▲ +1.2% |
| 2017 | 0.65x | $13.79 Billion | $8.99 Billion | ▼ -5.2% |
| 2016 | 0.69x | $13.36 Billion | $9.19 Billion | ▼ -0.6% |
| 2015 | 0.69x | $13.60 Billion | $9.40 Billion | ▼ -8.5% |
| 2014 | 0.76x | $12.18 Billion | $9.21 Billion | ▲ +10.8% |
| 2013 | 0.68x | $14.18 Billion | $9.67 Billion | ▲ +9.5% |
| 2012 | 0.62x | $15.21 Billion | $9.48 Billion | ▲ +19.9% |
| 2011 | 0.52x | $17.48 Billion | $9.09 Billion | ▼ -3.1% |
| 2010 | 0.54x | $16.67 Billion | $8.94 Billion | ▲ +14.1% |
| 2009 | 0.47x | $16.15 Billion | $7.59 Billion | ▼ -2.4% |
| 2008 | 0.48x | $16.38 Billion | $7.89 Billion | ▲ +3.0% |
| 2007 | 0.47x | $15.55 Billion | $7.27 Billion | ▲ +4.0% |
| 2006 | 0.45x | $15.41 Billion | $6.93 Billion | ▲ +4330.4% |
| 2005 | 0.01x | $11.13 Billion | $113.00 Million | ▼ -75.6% |
| 2004 | 0.04x | $10.18 Billion | $424.00 Million | ▼ -9.9% |
| 2003 | 0.05x | $9.18 Billion | $424.00 Million | ▼ -90.6% |
| 2002 | 0.49x | $8.81 Billion | $4.31 Billion | ▼ -36.2% |
| 2001 | 0.77x | $8.83 Billion | $6.77 Billion | ▲ +7.2% |
| 1996 | 0.72x | $5.81 Billion | $4.16 Billion | ▼ -88.2% |
| 1995 | 6.06x | $616.36 Million | $3.73 Billion | ▲ +373.1% |
| 1994 | 1.28x | $3.92 Billion | $5.02 Billion | ▼ -66.4% |
| 1990 | 3.81x | $1.42 Billion | $5.42 Billion | ▲ +124.5% |
| 1989 | 1.70x | $2.56 Billion | $4.35 Billion | — |