Telefonica (TEF) — Cash Flow Quality Index
Latest as of June 2026:
21.89x
Telefonica (TEF) has a Cash Flow Quality Index of 21.89x as of June 2026. Operating cash flow of €2.12 Billion exceeds net income of €97.00 Million, indicating high earnings quality where cash backs reported profits. Explore TEF debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
21.89x
Operating CF / Net Income
Operating Cash Flow
€2.12 Billion
EUR
Net Income
€97.00 Million
EUR
Data as of
Jun 2026
Most recent filing
Telefonica Cash Flow Quality Index (1989–2022)
Historical Cash Flow Quality Index for Telefonica across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see TEF cash generation efficiency.
Annual Cash Flow Quality Index for Telefonica (1989–2022)
Year-by-year earnings quality comparison for Telefonica.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2022 | 5.37x | €10.81 Billion | €2.01 Billion | ▲ +325.9% |
| 2021 | 1.26x | €10.27 Billion | €8.14 Billion | ▼ -84.9% |
| 2020 | 8.34x | €13.20 Billion | €1.58 Billion | ▼ -7.5% |
| 2019 | 9.02x | €15.01 Billion | €1.66 Billion | ▲ +125.7% |
| 2018 | 4.00x | €13.31 Billion | €3.33 Billion | ▼ -9.3% |
| 2017 | 4.40x | €13.79 Billion | €3.13 Billion | ▼ -21.9% |
| 2016 | 5.64x | €13.36 Billion | €2.37 Billion | ▲ +13.9% |
| 2015 | 4.95x | €13.60 Billion | €2.75 Billion | ▲ +22.1% |
| 2014 | 4.06x | €12.18 Billion | €3.00 Billion | ▲ +31.4% |
| 2013 | 3.09x | €14.18 Billion | €4.59 Billion | ▼ -20.3% |
| 2012 | 3.87x | €15.21 Billion | €3.93 Billion | ▲ +19.7% |
| 2011 | 3.24x | €17.48 Billion | €5.40 Billion | ▲ +97.3% |
| 2010 | 1.64x | €16.67 Billion | €10.17 Billion | ▼ -21.0% |
| 2009 | 2.08x | €16.15 Billion | €7.78 Billion | ▼ -3.7% |
| 2008 | 2.16x | €16.38 Billion | €7.59 Billion | ▲ +23.6% |
| 2007 | 1.75x | €15.55 Billion | €8.91 Billion | ▼ -29.4% |
| 2006 | 2.47x | €15.41 Billion | €6.23 Billion | ▼ -1.3% |
| 2005 | 2.51x | €11.13 Billion | €4.44 Billion | ▼ -29.2% |
| 2004 | 3.54x | €10.18 Billion | €2.88 Billion | ▼ -15.1% |
| 2003 | 4.17x | €9.18 Billion | €2.20 Billion | ▼ -0.5% |
| 2001 | 4.19x | €8.83 Billion | €2.11 Billion | ▼ -29.2% |
| 1996 | 5.92x | €5.81 Billion | €981.44 Million | ▲ +719.5% |
| 1995 | 0.72x | €616.36 Million | €853.38 Million | ▼ -87.2% |
| 1994 | 5.62x | €3.92 Billion | €697.63 Million | ▲ +128.5% |
| 1990 | 2.46x | €1.42 Billion | €578.91 Million | ▼ -49.1% |
| 1989 | 4.83x | €2.56 Billion | €530.33 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.