Telefónica S.A (TNE2) — Defensive Interval Ratio

Latest as of December 2025: 102 days

Telefónica S.A (TNE2) has a Defensive Interval Ratio of 102 days as of December 2025. Defensive assets of €6.93 Billion (cash €-, short-term investments €162.00 Million, receivables €6.77 Billion) cover 102 days of daily cash needs of €68.05 Million/day. See Telefónica S.A short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

102 days
Days of operational coverage

Defensive Assets

€6.93 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€68.05 Million
Current Liabilities ÷ 365

Current Liabilities

€24.84 Billion
EUR

Telefónica S.A Defensive Interval Ratio (2016–2025)

This chart shows how Telefónica S.A's Defensive Interval Ratio has evolved across 10 annual periods from 2016 to 2025. As of December 2025, the ratio stands at 102 days, meaning defensive assets of €6.93 Billion can fund 102 days of operations without new revenue. See Telefónica S.A (TNE2) balance sheet quality index to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Telefónica S.A (2016–2025)

The table below presents the year-by-year Defensive Interval Ratio for Telefónica S.A from 2016 to 2025, covering 10 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see market value of Telefónica S.A.

Year DIR (days) Defensive Assets (EUR) Daily Cash Need Cash ST Investments Change (days)
2025 102 days €6.93 Billion €68.05 Million/day €- €162.00 Million ▼ -15 days
2024 117 days €8.23 Billion €70.50 Million/day €- €1.20 Billion ▲ +0 days
2023 116 days €7.46 Billion €64.11 Million/day €- €517.00 Million ▼ -29 days
2022 146 days €9.23 Billion €63.29 Million/day €- €2.44 Billion ▼ -1 days
2021 146 days €10.23 Billion €69.85 Million/day €- €3.83 Billion ▲ +39 days
2020 107 days €8.28 Billion €77.03 Million/day €- €2.50 Billion ▼ -61 days
2019 168 days €13.94 Billion €82.72 Million/day €- €3.12 Billion ▲ +11 days
2018 157 days €12.78 Billion €81.23 Million/day €- €2.21 Billion ▲ +1 days
2017 156 days €12.43 Billion €79.63 Million/day €- €2.15 Billion ▲ +12 days
2016 144 days €13.97 Billion €97.13 Million/day €- €2.95 Billion —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)