Telefonica SA ADR (TEF) — Capital Reinvestment Ratio
Latest as of September 2025:
0.65x
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 TEF free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.65x
Capex / Operating Cash Flow
Operating Cash Flow
$2.44 Billion
USD
Capital Expenditures
$1.58 Billion
USD
Data as of
Sep 2025
Most recent filing
Telefonica SA ADR Capital Reinvestment Ratio (1989–2024)
This chart tracks Telefonica SA ADR's Capital Reinvestment Ratio across 29 annual periods.
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 market value of Telefonica SA ADR.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow