Telefonica Cash Flow Quality Index
Telefonica cash flow quality index. 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 Telefonica debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Telefonica (1989–2022)
Cash flow quality index of Telefonica from 1989 to 2022. Historical Cash Flow Quality Index for Telefonica across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. See net asset quality index of Telefonica to measure how much of total assets are equity-financed.
Telefonica Cash Flow Quality Index by Year (1989–2022)
Telefonica cash flow quality index by year from 1989 to 2022. Year-by-year earnings quality comparison for Telefonica. For the full cash flow conversion analysis, see Telefonica (TEF) cash flow conversion.
| 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 | — |