Telefonica Cash Flow-to-Debt Ratio
Telefonica cash flow-to-debt ratio. Telefonica (TEF) has a Cash Flow-to-Debt Ratio of 0.03x as of June 2026, meaning its operating cash flow of €2.12 Billion could theoretically repay 0% of its total liabilities (€77.83 Billion) in one year. Check TEF cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Telefonica (1989–2025)
Cash flow-to-debt ratio of Telefonica from 1989 to 2025. Historical debt coverage capacity for Telefonica across 30 annual periods. Check Telefonica cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Telefonica Cash Flow-to-Debt Ratio by Year (1989–2025)
Telefonica cash flow-to-debt ratio by year from 1989 to 2025. Year-by-year debt coverage analysis for Telefonica. For the full cash flow conversion analysis, see TEF cash flow metrics.
| Year | CF-to-Debt Ratio | Operating CF (EUR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.13x | €9.72 Billion | €74.21 Billion | ▼ -7.3% |
| 2024 | 0.14x | €10.99 Billion | €77.75 Billion | ▼ -6.3% |
| 2023 | 0.15x | €11.65 Billion | €77.23 Billion | ▲ +8.8% |
| 2022 | 0.14x | €10.81 Billion | €77.93 Billion | ▲ +8.8% |
| 2021 | 0.13x | €10.27 Billion | €80.53 Billion | ▼ -16.1% |
| 2020 | 0.15x | €13.20 Billion | €86.79 Billion | ▼ -5.3% |
| 2019 | 0.16x | €15.01 Billion | €93.43 Billion | ▲ +5.1% |
| 2018 | 0.15x | €13.31 Billion | €87.07 Billion | ▼ -2.0% |
| 2017 | 0.16x | €13.79 Billion | €88.45 Billion | ▲ +11.2% |
| 2016 | 0.14x | €13.36 Billion | €95.26 Billion | ▼ -1.6% |
| 2015 | 0.14x | €13.60 Billion | €95.42 Billion | ▲ +7.7% |
| 2014 | 0.13x | €12.18 Billion | €92.01 Billion | ▼ -14.7% |
| 2013 | 0.16x | €14.18 Billion | €91.38 Billion | ▲ +4.2% |
| 2012 | 0.15x | €15.21 Billion | €102.11 Billion | ▼ -12.9% |
| 2011 | 0.17x | €17.48 Billion | €102.24 Billion | ▲ +0.6% |
| 2010 | 0.17x | €16.67 Billion | €98.09 Billion | ▼ -11.7% |
| 2009 | 0.19x | €16.15 Billion | €83.87 Billion | ▼ -5.6% |
| 2008 | 0.20x | €16.38 Billion | €80.33 Billion | ▲ +8.9% |
| 2007 | 0.19x | €15.55 Billion | €83.02 Billion | ▲ +8.1% |
| 2006 | 0.17x | €15.41 Billion | €88.98 Billion | ▼ -11.3% |
| 2005 | 0.20x | €11.13 Billion | €56.97 Billion | ▼ -16.6% |
| 2004 | 0.23x | €10.18 Billion | €43.43 Billion | ▲ +4.3% |
| 2003 | 0.22x | €9.18 Billion | €40.82 Billion | ▲ +15.8% |
| 2002 | 0.19x | €8.81 Billion | €45.43 Billion | ▲ +16.8% |
| 2001 | 0.17x | €8.83 Billion | €53.15 Billion | ▼ -44.0% |
| 1996 | 0.30x | €5.81 Billion | €19.58 Billion | ▲ +812.3% |
| 1995 | 0.03x | €616.36 Million | €18.95 Billion | ▼ -83.3% |
| 1994 | 0.20x | €3.92 Billion | €20.12 Billion | ▲ +109.0% |
| 1990 | 0.09x | €1.42 Billion | €15.27 Billion | ▼ -54.4% |
| 1989 | 0.20x | €2.56 Billion | €12.51 Billion | — |