Telefonica Net Asset Quality Index
Telefonica net asset quality index. Telefonica (TEF) has a Net Asset Quality Index of 12.2% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of €88.60 Billion minus total liabilities of €77.83 Billion yields net assets of €10.77 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check TEF 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 Telefonica (1987–2025)
Net asset quality index of Telefonica from 1987 to 2025. This chart shows how Telefonica's Net Asset Quality Index has evolved across 37 annual periods from 1987 to 2025. As of June 2026, the index stands at 12.2%, representing net assets of €10.77 Billion against total assets of €88.60 Billion EUR. See TEF total equity for net asset value and shareholders' equity analysis.
Telefonica Net Asset Quality Index by Year (1987–2025)
Telefonica net asset quality index by year from 1987 to 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 live market cap and overall valuation, see Telefonica market capitalisation.
| 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 | — |