Telefónica S.A Net Asset Quality Index
Telefónica S.A net asset quality index. Telefónica S.A (TNE2) has a Net Asset Quality Index of 19.4% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of €92.02 Billion minus total liabilities of €74.21 Billion yields net assets of €17.81 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check TNE2 cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Telefónica S.A (2016–2025)
Net asset quality index of Telefónica S.A from 2016 to 2025. This chart shows how Telefónica S.A's Net Asset Quality Index has evolved across 10 annual periods from 2016 to 2025. As of December 2025, the index stands at 19.4%, representing net assets of €17.81 Billion against total assets of €92.02 Billion EUR. See TNE2 net assets for net asset value and shareholders' equity analysis.
Telefónica S.A Net Asset Quality Index by Year (2016–2025)
Telefónica S.A net asset quality index by year from 2016 to 2025. The table below presents the year-by-year Net Asset Quality Index for Telefónica S.A from 2016 to 2025, covering 10 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see TNE2 market cap.
| Year | Quality Index | Net Assets (EUR) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 19.4% | €17.81 Billion | €92.02 Billion | €74.21 Billion | ▼ -3.3 pp |
| 2024 | 22.6% | €22.75 Billion | €100.50 Billion | €77.75 Billion | ▼ -3.3 pp |
| 2023 | 26.0% | €27.10 Billion | €104.32 Billion | €77.23 Billion | ▼ -2.9 pp |
| 2022 | 28.9% | €31.71 Billion | €109.64 Billion | €77.93 Billion | ▲ +2.7 pp |
| 2021 | 26.3% | €28.68 Billion | €109.21 Billion | €80.53 Billion | ▲ +8.9 pp |
| 2020 | 17.4% | €18.26 Billion | €105.05 Billion | €86.79 Billion | ▼ -4.0 pp |
| 2019 | 21.4% | €25.45 Billion | €118.88 Billion | €93.43 Billion | ▼ -2.2 pp |
| 2018 | 23.7% | €26.98 Billion | €114.05 Billion | €87.07 Billion | ▲ +0.5 pp |
| 2017 | 23.1% | €26.62 Billion | €115.07 Billion | €88.45 Billion | ▲ +0.2 pp |
| 2016 | 23.0% | €28.39 Billion | €123.64 Billion | €95.26 Billion | — |