Telefonica SA ADR (TEF) — Net Asset Quality Index
Telefonica SA ADR (TEF) has a Net Asset Quality Index of 23.1% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $92.57 Billion minus total liabilities of $71.22 Billion yields net assets of $21.34 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
Net Assets
Total Assets
Total Liabilities
Telefonica SA ADR Net Asset Quality Index Over Time (1987–2024)
This chart shows how Telefonica SA ADR's Net Asset Quality Index has evolved across 36 annual periods from 1987 to 2024. As of September 2025, the index stands at 23.1%, representing net assets of $21.34 Billion against total assets of $92.57 Billion USD. Explore Telefonica SA ADR (TEF) cash flow conversion to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Telefonica SA ADR (1987–2024)
The table below presents the year-by-year Net Asset Quality Index for Telefonica SA ADR from 1987 to 2024, covering 36 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 (USD) | Total Assets | Total Liabilities | Change (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 | — |