Telefonica (TEF) — Defensive Interval Ratio
Telefonica (TEF) has a Defensive Interval Ratio of 26 days as of December 2025. Defensive assets of €1.74 Billion (cash €-, short-term investments €870.00 Million, receivables €867.00 Million) cover 26 days of daily cash needs of €68.05 Million/day. Check tangible equity quality of Telefonica to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Telefonica Defensive Interval Ratio (1987–2025)
This chart shows how Telefonica's Defensive Interval Ratio has evolved across 37 annual periods from 1987 to 2025. As of December 2025, the ratio stands at 26 days, meaning defensive assets of €1.74 Billion can fund 26 days of operations without new revenue. Also explore TEF net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Telefonica (1987–2025)
The table below presents the year-by-year Defensive Interval Ratio for Telefonica from 1987 to 2025, covering 37 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 Telefonica (TEF) total market value.
| Year | DIR (days) | Defensive Assets (EUR) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 26 days | €1.74 Billion | €68.05 Million/day | €- | €870.00 Million | ▼ -119 days |
| 2024 | 144 days | €10.16 Billion | €70.50 Million/day | €- | €1.20 Billion | ▲ +25 days |
| 2023 | 120 days | €7.67 Billion | €64.11 Million/day | €- | €517.00 Million | ▼ -213 days |
| 2022 | 332 days | €21.04 Billion | €63.29 Million/day | €7.25 Billion | €2.44 Billion | ▲ +6 days |
| 2021 | 327 days | €22.82 Billion | €69.85 Million/day | €8.58 Billion | €3.83 Billion | ▲ +112 days |
| 2020 | 215 days | €16.52 Billion | €77.03 Million/day | €5.60 Billion | €2.50 Billion | ▲ +74 days |
| 2019 | 141 days | €11.64 Billion | €82.72 Million/day | €- | €3.12 Billion | ▲ +11 days |
| 2018 | 130 days | €10.56 Billion | €81.23 Million/day | €- | €2.21 Billion | ▼ -6 days |
| 2017 | 136 days | €10.85 Billion | €79.63 Million/day | €- | €2.15 Billion | ▲ +11 days |
| 2016 | 126 days | €12.20 Billion | €97.13 Million/day | €- | €2.95 Billion | ▼ 0 days |
| 2015 | 126 days | €12.04 Billion | €95.53 Million/day | €- | €2.97 Billion | ▼ -49 days |
| 2014 | 175 days | €14.24 Billion | €81.37 Million/day | €- | €2.93 Billion | ▲ +21 days |
| 2013 | 154 days | €12.28 Billion | €79.85 Million/day | €- | €2.12 Billion | ▼ -1 days |
| 2012 | 155 days | €13.40 Billion | €86.33 Million/day | €- | €1.87 Billion | ▼ -5 days |
| 2011 | 161 days | €14.33 Billion | €89.25 Million/day | €- | €2.62 Billion | ▲ +7 days |
| 2010 | 153 days | €14.07 Billion | €91.76 Million/day | €- | €1.57 Billion | ▼ -20 days |
| 2009 | 174 days | €12.80 Billion | €73.80 Million/day | €- | €1.91 Billion | ▲ +2 days |
| 2008 | 172 days | €11.81 Billion | €68.85 Million/day | €- | €2.22 Billion | ▼ -8 days |
| 2007 | 180 days | €12.29 Billion | €68.42 Million/day | €- | €1.62 Billion | ▲ +9 days |
| 2006 | 170 days | €12.28 Billion | €72.15 Million/day | €- | €1.68 Billion | ▲ +21 days |
| 2005 | 149 days | €8.96 Billion | €59.93 Million/day | €- | €352.92 Million | ▲ +7 days |
| 2004 | 142 days | €7.62 Billion | €53.53 Million/day | €- | €689.67 Million | ▼ -25 days |
| 2003 | 167 days | €6.34 Billion | €37.88 Million/day | €- | €133.23 Million | ▼ -66 days |
| 2002 | 234 days | €9.40 Billion | €40.22 Million/day | €- | €3.37 Billion | ▲ +29 days |
| 2001 | 204 days | €10.31 Billion | €50.48 Million/day | €- | €2.31 Billion | ▼ -17 days |
| 2000 | 222 days | €14.61 Billion | €65.94 Million/day | €- | €6.09 Billion | ▲ +9 days |
| 1999 | 213 days | €7.86 Billion | €36.95 Million/day | €- | €773.36 Million | ▲ +42 days |
| 1998 | 170 days | €5.66 Billion | €33.21 Million/day | €- | €392.05 Million | ▲ +9 days |
| 1997 | 162 days | €3.78 Billion | €23.37 Million/day | €- | €- | ▼ -8 days |
| 1996 | 170 days | €3.10 Billion | €18.21 Million/day | €- | €- | ▼ -3 days |
| 1995 | 173 days | €2.55 Billion | €14.78 Million/day | €- | €- | ▼ -4 days |
| 1994 | 177 days | €2.29 Billion | €12.92 Million/day | €- | €- | ▲ +24 days |
| 1991 | 153 days | €2.23 Billion | €14.52 Million/day | €- | €- | ▲ +46 days |
| 1990 | 107 days | €1.72 Billion | €16.05 Million/day | €- | €- | ▼ -27 days |
| 1989 | 135 days | €1.40 Billion | €10.39 Million/day | €- | €- | ▼ -106 days |
| 1988 | 241 days | €1.12 Billion | €4.66 Million/day | €- | €- | ▲ +28 days |
| 1987 | 213 days | €824.59 Million | €3.88 Million/day | €- | €- | — |