Telefonica SA ADR Capital Reinvestment Ratio
Telefonica SA ADR 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 how much free cash does Telefonica SA ADR generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Telefonica SA ADR (1989–2024)
Capital reinvestment ratio of Telefonica SA ADR from 1989 to 2024. This chart tracks Telefonica SA ADR's Capital Reinvestment Ratio across 29 annual periods. See TEF FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
Telefonica SA ADR Capital Reinvestment Ratio by Year (1989–2024)
Telefonica SA ADR capital reinvestment ratio by year from 1989 to 2024. For the full cash flow conversion analysis, see Telefonica SA ADR operating cash flow efficiency.
| 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 | — |