Telefonica Working Capital to Net Assets Ratio
Telefonica working capital to net assets ratio. Telefonica (TEF) has a Working Capital to Net Assets ratio of -22.5% as of June 2026. Working capital of €-2.42 Billion (current assets of €19.13 Billion minus current liabilities of €21.55 Billion) is measured against net assets of €10.77 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Telefonica (1987–2025)
Working capital to net assets ratio of Telefonica from 1987 to 2025. This chart shows how Telefonica's Working Capital to Net Assets ratio has evolved across 37 annual periods from 1987 to 2025. As of June 2026, the ratio stands at -22.5%, reflecting working capital of €-2.42 Billion against net assets of €10.77 Billion EUR. Explore TEF long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Telefonica Working Capital to Net Assets Ratio by Year (1987–2025)
Telefonica working capital to net assets ratio by year from 1987 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Telefonica from 1987 to 2025, covering 37 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see TEF total asset value.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -15.9% | €-2.83 Billion | €17.81 Billion | €22.00 Billion | €24.84 Billion | ▼ -1.1 pp |
| 2024 | -14.8% | €-3.37 Billion | €22.75 Billion | €22.37 Billion | €25.73 Billion | ▼ -5.0 pp |
| 2023 | -9.8% | €-2.64 Billion | €27.10 Billion | €20.76 Billion | €23.40 Billion | ▼ -8.1 pp |
| 2022 | -1.6% | €-511.00 Million | €31.71 Billion | €22.59 Billion | €23.10 Billion | ▲ +0.4 pp |
| 2021 | -2.0% | €-566.00 Million | €28.68 Billion | €24.93 Billion | €25.50 Billion | ▼ -32.3 pp |
| 2020 | 30.3% | €5.54 Billion | €18.26 Billion | €33.66 Billion | €28.12 Billion | ▲ +53.4 pp |
| 2019 | -23.0% | €-5.86 Billion | €25.45 Billion | €24.33 Billion | €30.19 Billion | ▲ +0.3 pp |
| 2018 | -23.4% | €-6.31 Billion | €26.98 Billion | €23.34 Billion | €29.65 Billion | ▲ +10.9 pp |
| 2017 | -34.3% | €-9.13 Billion | €26.62 Billion | €19.93 Billion | €29.07 Billion | ▲ +20.2 pp |
| 2016 | -54.5% | €-15.48 Billion | €28.39 Billion | €19.97 Billion | €35.45 Billion | ▼ -42.6 pp |
| 2015 | -12.0% | €-3.29 Billion | €27.56 Billion | €31.58 Billion | €34.87 Billion | ▲ +10.6 pp |
| 2014 | -22.6% | €-6.83 Billion | €30.29 Billion | €22.86 Billion | €29.70 Billion | ▼ -23.0 pp |
| 2013 | 0.4% | €121.00 Million | €27.48 Billion | €29.27 Billion | €29.14 Billion | ▲ +21.8 pp |
| 2012 | -21.4% | €-5.92 Billion | €27.66 Billion | €25.60 Billion | €31.51 Billion | ▲ +21.5 pp |
| 2011 | -42.9% | €-11.76 Billion | €27.38 Billion | €20.82 Billion | €32.58 Billion | ▼ -3.7 pp |
| 2010 | -39.3% | €-12.44 Billion | €31.68 Billion | €21.05 Billion | €33.49 Billion | ▼ -26.5 pp |
| 2009 | -12.8% | €-3.11 Billion | €24.27 Billion | €23.83 Billion | €26.94 Billion | ▲ +23.8 pp |
| 2008 | -36.6% | €-7.16 Billion | €19.56 Billion | €17.97 Billion | €25.13 Billion | ▼ -8.2 pp |
| 2007 | -28.4% | €-6.50 Billion | €22.86 Billion | €18.48 Billion | €24.97 Billion | ▲ +14.7 pp |
| 2006 | -43.1% | €-8.62 Billion | €20.00 Billion | €17.71 Billion | €26.34 Billion | ▲ +8.0 pp |
| 2005 | -51.1% | €-8.25 Billion | €16.15 Billion | €13.62 Billion | €21.87 Billion | ▼ -11.6 pp |
| 2004 | -39.6% | €-7.91 Billion | €19.99 Billion | €11.63 Billion | €19.54 Billion | ▼ -23.7 pp |
| 2003 | -15.9% | €-3.36 Billion | €21.15 Billion | €10.46 Billion | €13.82 Billion | ▲ +2.3 pp |
| 2002 | -18.2% | €-4.11 Billion | €22.61 Billion | €10.57 Billion | €14.68 Billion | ▲ +0.4 pp |
| 2001 | -18.6% | €-6.18 Billion | €33.31 Billion | €12.24 Billion | €18.43 Billion | ▲ +2.7 pp |
| 2000 | -21.2% | €-7.48 Billion | €35.25 Billion | €16.58 Billion | €24.07 Billion | ▼ -5.7 pp |
| 1999 | -15.6% | €-3.92 Billion | €25.17 Billion | €9.57 Billion | €13.49 Billion | ▲ +18.4 pp |
| 1998 | -34.0% | €-5.79 Billion | €17.04 Billion | €6.33 Billion | €12.12 Billion | ▼ -8.7 pp |
| 1997 | -25.3% | €-3.62 Billion | €14.32 Billion | €4.91 Billion | €8.53 Billion | ▼ -3.6 pp |
| 1996 | -21.7% | €-2.97 Billion | €13.71 Billion | €3.68 Billion | €6.65 Billion | ▼ -4.0 pp |
| 1995 | -17.6% | €-2.10 Billion | €11.92 Billion | €3.30 Billion | €5.40 Billion | ▼ 0.0 pp |
| 1994 | -17.6% | €-1.65 Billion | €9.37 Billion | €3.07 Billion | €4.72 Billion | ▲ +9.3 pp |
| 1991 | -26.9% | €-2.77 Billion | €10.29 Billion | €2.53 Billion | €5.30 Billion | ▲ +13.1 pp |
| 1990 | -40.0% | €-3.95 Billion | €9.89 Billion | €1.91 Billion | €5.86 Billion | ▼ -16.8 pp |
| 1989 | -23.2% | €-2.18 Billion | €9.41 Billion | €1.61 Billion | €3.79 Billion | ▼ -18.0 pp |
| 1988 | -5.2% | €-472.22 Million | €9.10 Billion | €1.23 Billion | €1.70 Billion | ▲ +0.8 pp |
| 1987 | -6.0% | €-510.22 Million | €8.50 Billion | €904.77 Million | €1.41 Billion | — |