Telefonica Financial Flexibility Index

Latest as of June 2026: 0.04x

Telefonica financial flexibility index. Telefonica (TEF) has a Financial Flexibility Index of 0.04x as of June 2026. Free cash flow of €3.44 Billion (operating CF €2.12 Billion minus capex €1.32 Billion) represents 0% of total liabilities (€77.83 Billion). Explore TEF capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.

Financial Flexibility Index

0.04x
Free Cash Flow / Total Liabilities

Free Cash Flow

€3.44 Billion
Operating CF − Capex

Total Liabilities

€77.83 Billion
EUR

Capital Expenditures

€1.32 Billion
EUR

Financial Flexibility Index of Telefonica (1989–2025)

Financial flexibility index of Telefonica from 1989 to 2025. Historical Financial Flexibility Index trend for Telefonica across 30 annual periods. Check Telefonica total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.

Telefonica Financial Flexibility Index by Year (1989–2025)

Telefonica financial flexibility index by year from 1989 to 2025. Year-by-year free cash flow to debt coverage for Telefonica. For the full cash flow conversion analysis, see cash flow conversion of Telefonica.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.20x €14.78 Billion €9.72 Billion €74.21 Billion ▼ -7.8%
2024 0.22x €16.78 Billion €10.99 Billion €77.75 Billion ▼ -6.4%
2023 0.23x €17.81 Billion €11.65 Billion €77.23 Billion ▲ +10.2%
2022 0.21x €16.32 Billion €10.81 Billion €77.93 Billion ▲ +2.6%
2021 0.20x €16.43 Billion €10.27 Billion €80.53 Billion ▼ -12.4%
2020 0.23x €20.22 Billion €13.20 Billion €86.79 Billion ▼ -7.1%
2019 0.25x €23.41 Billion €15.01 Billion €93.43 Billion ▼ -1.2%
2018 0.25x €22.09 Billion €13.31 Billion €87.07 Billion ▼ -1.5%
2017 0.26x €22.79 Billion €13.79 Billion €88.45 Billion ▲ +8.8%
2016 0.24x €22.55 Billion €13.36 Billion €95.26 Billion ▼ -1.8%
2015 0.24x €23.00 Billion €13.60 Billion €95.42 Billion ▲ +3.7%
2014 0.23x €21.38 Billion €12.18 Billion €92.01 Billion ▼ -11.0%
2013 0.26x €23.86 Billion €14.18 Billion €91.38 Billion ▲ +8.0%
2012 0.24x €24.70 Billion €15.21 Billion €102.11 Billion ▼ -6.9%
2011 0.26x €26.57 Billion €17.48 Billion €102.24 Billion ▼ -0.5%
2010 0.26x €25.62 Billion €16.67 Billion €98.09 Billion ▼ -7.7%
2009 0.28x €23.74 Billion €16.15 Billion €83.87 Billion ▼ -6.3%
2008 0.30x €24.27 Billion €16.38 Billion €80.33 Billion ▲ +9.9%
2007 0.27x €22.82 Billion €15.55 Billion €83.02 Billion ▲ +9.5%
2006 0.25x €22.35 Billion €15.41 Billion €88.98 Billion ▼ -8.0%
2005 0.27x €15.55 Billion €11.13 Billion €56.97 Billion ▼ -11.2%
2004 0.31x €13.35 Billion €10.18 Billion €43.43 Billion ▲ +3.3%
2003 0.30x €12.15 Billion €9.18 Billion €40.82 Billion ▲ +3.0%
2002 0.29x €13.13 Billion €8.81 Billion €45.43 Billion ▼ -1.6%
2001 0.29x €15.61 Billion €8.83 Billion €53.15 Billion ▼ -42.3%
1996 0.51x €9.97 Billion €5.81 Billion €19.58 Billion ▲ +121.8%
1995 0.23x €4.35 Billion €616.36 Million €18.95 Billion ▼ -48.4%
1994 0.44x €8.95 Billion €3.92 Billion €20.12 Billion ▼ -0.9%
1990 0.45x €6.85 Billion €1.42 Billion €15.27 Billion ▼ -18.8%
1989 0.55x €6.91 Billion €2.56 Billion €12.51 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities