Telefonica (TEF) — Net Asset Quality Index

Latest as of March 2026: 20.4%

Telefonica (TEF) has a Net Asset Quality Index of 20.4% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of €89.54 Billion minus total liabilities of €71.29 Billion yields net assets of €18.25 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See TEF defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Quality Index

20.4%
Equity / Total Assets

Net Assets

€18.25 Billion
EUR

Total Assets

€89.54 Billion
EUR

Total Liabilities

€71.29 Billion
EUR

Telefonica Net Asset Quality Index Over Time (1987–2025)

This chart shows how Telefonica's Net Asset Quality Index has evolved across 37 annual periods from 1987 to 2025. As of March 2026, the index stands at 20.4%, representing net assets of €18.25 Billion against total assets of €89.54 Billion EUR. Explore Telefonica (TEF) cash flow conversion to assess how effectively this company generates cash.

Annual Net Asset Quality Index for Telefonica (1987–2025)

The table below presents the year-by-year Net Asset Quality Index for Telefonica from 1987 to 2025, covering 37 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 market capitalisation and the full company profile, see TEF 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 ▲ +0.5 pp
2015 22.4% €27.56 Billion €122.97 Billion €95.42 Billion ▼ -2.4 pp
2014 24.8% €30.29 Billion €122.30 Billion €92.01 Billion ▲ +1.6 pp
2013 23.1% €27.48 Billion €118.86 Billion €91.38 Billion ▲ +1.8 pp
2012 21.3% €27.66 Billion €129.77 Billion €102.11 Billion ▲ +0.2 pp
2011 21.1% €27.38 Billion €129.62 Billion €102.24 Billion ▼ -3.3 pp
2010 24.4% €31.68 Billion €129.78 Billion €98.09 Billion ▲ +2.0 pp
2009 22.4% €24.27 Billion €108.14 Billion €83.87 Billion ▲ +2.9 pp
2008 19.6% €19.56 Billion €99.90 Billion €80.33 Billion ▼ -2.0 pp
2007 21.6% €22.86 Billion €105.87 Billion €83.02 Billion ▲ +3.2 pp
2006 18.4% €20.00 Billion €108.98 Billion €88.98 Billion ▼ -3.7 pp
2005 22.1% €16.15 Billion €73.12 Billion €56.97 Billion ▼ -9.4 pp
2004 31.5% €19.99 Billion €63.42 Billion €43.43 Billion ▼ -2.6 pp
2003 34.1% €21.15 Billion €61.97 Billion €40.82 Billion ▲ +0.9 pp
2002 33.2% €22.61 Billion €68.04 Billion €45.43 Billion ▼ -5.3 pp
2001 38.5% €33.31 Billion €86.46 Billion €53.15 Billion ▲ +0.4 pp
2000 38.2% €35.25 Billion €92.34 Billion €57.09 Billion ▼ -1.0 pp
1999 39.1% €25.17 Billion €64.33 Billion €39.16 Billion ▲ +4.7 pp
1998 34.4% €17.04 Billion €49.54 Billion €32.50 Billion ▼ -3.9 pp
1997 38.3% €14.32 Billion €37.36 Billion €23.04 Billion ▼ -2.9 pp
1996 41.2% €13.71 Billion €33.28 Billion €19.58 Billion ▲ +2.6 pp
1995 38.6% €11.92 Billion €30.87 Billion €18.95 Billion ▲ +6.8 pp
1994 31.8% €9.37 Billion €29.48 Billion €20.12 Billion ▼ -4.0 pp
1991 35.8% €10.29 Billion €28.77 Billion €18.48 Billion ▼ -3.5 pp
1990 39.3% €9.89 Billion €25.15 Billion €15.27 Billion ▼ -3.6 pp
1989 42.9% €9.41 Billion €21.92 Billion €12.51 Billion ▼ -8.6 pp
1988 51.5% €9.10 Billion €17.66 Billion €8.57 Billion ▼ -3.6 pp
1987 55.1% €8.50 Billion €15.41 Billion €6.91 Billion —
pp = percentage points