Telefonica (TEF) - Total Liabilities

Latest as of March 2026: €71.29 Billion EUR ≈ $83.35 Billion USD

Based on the latest financial reports, Telefonica (TEF) has total liabilities worth €71.29 Billion EUR (≈ $83.35 Billion USD) as of March 2026. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.

Telefonica - Total Liabilities Trend (1987–2025)

This chart illustrates how Telefonica's total liabilities have evolved over time, based on quarterly financial data. See Telefonica (TEF) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Telefonica Competitors by Total Liabilities

The table below lists competitors of Telefonica ranked by their total liabilities.

Company	Country	Total Liabilities
ZTE Corp SHE:000063	China	CN¥148.69 Billion
Partners Group Holding AG SW:PGHN	Switzerland	CHF4.51 Billion
AVIVA PLC SPONS.ADR/2 F:GU80	Germany	€384.21 Billion
CHINA RES.LAND UNS.ADR/10 F:CHZ0	Germany	€659.38 Billion
NiSource Inc NYSE:NI	USA	$24.67 Billion
S.F. Holding Co. Ltd SHE:002352	China	CN¥108.95 Billion
Pure Storage Inc NYSE:PSTG	USA	$2.82 Billion
BCE Inc TO:BCE	Canada	CA$55.83 Billion

Liability Composition Analysis (1987–2025)

This chart breaks down Telefonica's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see Telefonica market capitalisation.

Liquidity & Leverage Metrics

Key Metrics Explained

Metric	Value	Description
Current Ratio	0.84	Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities)
Quick Ratio	N/A	More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities)
Cash Ratio	N/A	Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities)
Debt to Equity	4.91	Measures financial leverage (Total Liabilities ÷ Shareholder Equity)
Debt to Assets	0.80	Portion of assets financed with debt (Total Liabilities ÷ Total Assets)

Liability Trends Comparison

This chart compares key liability metrics across different time periods, showing how Telefonica's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.

Annual Total Liabilities for Telefonica (1987–2025)

The table below shows the annual total liabilities of Telefonica from 1987 to 2025.

Year	Total Liabilities	Change
2025-12-31	€74.21 Billion ≈ $86.76 Billion	-4.56%
2024-12-31	€77.75 Billion ≈ $90.90 Billion	+0.68%
2023-12-31	€77.23 Billion ≈ $90.29 Billion	-0.91%
2022-12-31	€77.93 Billion ≈ $91.11 Billion	-3.22%
2021-12-31	€80.53 Billion ≈ $94.15 Billion	-7.22%
2020-12-31	€86.79 Billion ≈ $101.47 Billion	-7.10%
2019-12-31	€93.43 Billion ≈ $109.23 Billion	+7.30%
2018-12-31	€87.07 Billion ≈ $101.79 Billion	-1.56%
2017-12-31	€88.45 Billion ≈ $103.41 Billion	-7.15%
2016-12-31	€95.26 Billion ≈ $111.36 Billion	-0.17%
2015-12-31	€95.42 Billion ≈ $111.55 Billion	+3.70%
2014-12-31	€92.01 Billion ≈ $107.57 Billion	+0.69%
2013-12-31	€91.38 Billion ≈ $106.83 Billion	-10.51%
2012-12-31	€102.11 Billion ≈ $119.38 Billion	-0.13%
2011-12-31	€102.24 Billion ≈ $119.53 Billion	+4.23%
2010-12-31	€98.09 Billion ≈ $114.68 Billion	+16.96%
2009-12-31	€83.87 Billion ≈ $98.05 Billion	+4.40%
2008-12-31	€80.33 Billion ≈ $93.92 Billion	-3.23%
2007-12-31	€83.02 Billion ≈ $97.06 Billion	-6.70%
2006-12-31	€88.98 Billion ≈ $104.03 Billion	+56.18%
2005-12-31	€56.97 Billion ≈ $66.61 Billion	+31.17%
2004-12-31	€43.43 Billion ≈ $50.78 Billion	+6.40%
2003-12-31	€40.82 Billion ≈ $47.72 Billion	-10.15%
2002-12-31	€45.43 Billion ≈ $53.12 Billion	-14.52%
2001-12-31	€53.15 Billion ≈ $62.13 Billion	-6.91%
2000-12-31	€57.09 Billion ≈ $66.75 Billion	+45.78%
1999-12-31	€39.16 Billion ≈ $45.78 Billion	+20.49%
1998-12-31	€32.50 Billion ≈ $38.00 Billion	+41.05%
1997-12-31	€23.04 Billion ≈ $26.94 Billion	+17.70%
1996-12-31	€19.58 Billion ≈ $22.89 Billion	+3.31%
1995-12-31	€18.95 Billion ≈ $22.15 Billion	-5.80%
1994-12-31	€20.12 Billion ≈ $23.52 Billion	+8.85%
1991-12-31	€18.48 Billion ≈ $21.61 Billion	+21.06%
1990-12-31	€15.27 Billion ≈ $17.85 Billion	+22.02%
1989-12-31	€12.51 Billion ≈ $14.63 Billion	+46.07%
1988-12-31	€8.57 Billion ≈ $10.01 Billion	+23.92%
1987-12-31	€6.91 Billion ≈ $8.08 Billion	--

About Telefonica

MC:TEF Spain Telecom Services

Market Cap

$24.34 Billion

€20.82 Billion EUR

Market Cap Rank

#1182 Global

#12 in Spain

Share Price

€3.69

Change (1 day)

-0.43%

52-Week Range

€3.24 - €4.89

All Time High

€7.42