Telefónica S.A (TEFN) — Tangible Net Worth Ratio
Telefónica S.A (TEFN) has a Tangible Net Worth Ratio of 54.1% as of September 2025. This metric is calculated by deducting intangible assets (MX$9.79 Billion) from net assets (MX$21.34 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Telefónica S.A equity growth rate to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Telefónica S.A Tangible Net Worth Ratio (2013–2024)
This chart shows how Telefónica S.A's Tangible Net Worth Ratio has changed across 12 annual periods from 2013 to 2024. As of September 2025, the ratio stands at 54.1%, reflecting net assets of MX$21.34 Billion with intangible assets of MX$9.79 Billion MXN. For live market cap and overall valuation, see Telefónica S.A (TEFN) total market value.
Annual Tangible Net Worth Ratio for Telefónica S.A (2013–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Telefónica S.A from 2013 to 2024, covering 12 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore how much does Telefónica S.A reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (MXN) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 56.6% | MX$22.75 Billion | MX$9.88 Billion | MX$100.50 Billion | ▼ -1.4 pp |
| 2023 | 58.0% | MX$27.10 Billion | MX$11.37 Billion | MX$104.32 Billion | ▼ -4.1 pp |
| 2022 | 62.1% | MX$31.71 Billion | MX$12.02 Billion | MX$109.64 Billion | ▲ +3.0 pp |
| 2021 | 59.1% | MX$28.68 Billion | MX$11.72 Billion | MX$109.21 Billion | ▲ +22.0 pp |
| 2020 | 37.1% | MX$18.26 Billion | MX$11.49 Billion | MX$105.05 Billion | ▲ +0.1 pp |
| 2019 | 37.0% | MX$25.45 Billion | MX$16.03 Billion | MX$118.88 Billion | ▼ -0.5 pp |
| 2018 | 37.5% | MX$26.98 Billion | MX$16.86 Billion | MX$114.05 Billion | ▲ +5.2 pp |
| 2017 | 32.4% | MX$26.62 Billion | MX$18.00 Billion | MX$115.07 Billion | ▲ +4.6 pp |
| 2016 | 27.7% | MX$28.39 Billion | MX$20.52 Billion | MX$123.64 Billion | ▲ +10.9 pp |
| 2015 | 16.9% | MX$25.44 Billion | MX$21.15 Billion | MX$120.33 Billion | ▼ -9.8 pp |
| 2014 | 26.7% | MX$30.32 Billion | MX$22.23 Billion | MX$122.35 Billion | ▼ -5.8 pp |
| 2013 | 32.5% | MX$27.48 Billion | MX$18.55 Billion | MX$118.86 Billion | — |