Telefónica, S.A. (TEF) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Total Current Assets | 18.99B | 21.26B | 23.55B | 22.37B | 21.6B | 20.65B | 20.99B | 20.76B | 22.49B | 21.33B | 21.69B | 22.59B | 24.12B | 22.11B | 23.15B | 24.93B | 25.29B | 29.6B | 33.44B | 33.66B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 4.41B | 6.5B | 7.06B | 8.06B | 6.33B | 5.27B | 6.39B | 7.15B | 7.82B | 7.29B | 7.34B | 7.25B | 7.28B | 6.38B | 8.11B | 8.58B | 9.79B | 14.52B | 4.94B | 5.6B |
| Short-Term Investments | 1.97B | 1.69B | 3.09B | 1.2B | 2.38B | 1.54B | 1.59B | 517M | 1.61B | 1.25B | 2.25B | 1.29B | 3.03B | 2.67B | 2.22B | 2.08B | 3.46B | 2.74B | 1.5B | 2.5B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 77.69 | 82.82 | 82.11 | 71.65 | 76.11 | 73.93 | 76.16 | 75.65 | 86.59 | 84.4 | 71.27 | 61.55 | 71.6 | 82.33 | 73.27 | 69.38 | 80.3 | 71.33 | 58.19 | 57.01 |
| Inventory | 892.85M | 879M | 906M | 954M | 958M | 986M | 999M | 928M | 1.78B | 1.51B | 1.61B | 1.55B | 1.87B | 1.56B | 1.64B | 1.75B | 2.09B | 1.52B | 1.49B | 1.72B |
| Days Inventory Outstanding | 13.09 | - | - | - | - | - | 12.16 | - | - | - | - | 49.02 | 47.52 | - | - | - | 61.49 | - | - | - |
| Other Current Assets | 1.04B | 2.34B | 1.76B | 1.69B | 660M | 2.19B | 680M | 1.62B | 270M | -958M | 7M | 1.6B | 886M | 39M | 49M | 2.02B | 325M | 1.42B | 16.98B | 15.99B |
| Total Non-Current Assets | 73.58B | 73.11B | 75.46B | 78.13B | 78.88B | 81.16B | 83.33B | 83.57B | 86.8B | 87.64B | 86.64B | 87.05B | 90.92B | 89.03B | 88.12B | 84.28B | 83.87B | 84.01B | 69.57B | 71.4B |
| Property, Plant & Equipment | 26.53B | 26.33B | 27.25B | 29.35B | 29.44B | 29.99B | 30.96B | 31.39B | 31.98B | 32.14B | 32.01B | 31.99B | 32.69B | 31.89B | 32.17B | 30.3B | 29.92B | 30.44B | 28.26B | 28.75B |
| Fixed Asset Turnover | 0.35x | 0.33x | 0.33x | 0.37x | 0.34x | 0.34x | 0.33x | 0.32x | 0.32x | 0.32x | 0.31x | 0.32x | 0.32x | 0.31x | 0.30x | 0.32x | 0.31x | 0.34x | 0.36x | 0.37x |
| Goodwill | 16.3B | 16.39B | 16.71B | 16.46B | 17.46B | 17.87B | 18.6B | 18.71B | 18.87B | 19.03B | 18.61B | 18.47B | 18.94B | 18.73B | 18.09B | 16.52B | 16.91B | 17.12B | 16.79B | 17.04B |
| Intangible Assets | 9.79B | 9.69B | 9.8B | 9.88B | 10.31B | 10.63B | 11.19B | 11.37B | 11.55B | 11.8B | 11.72B | 12.02B | 12.48B | 12.46B | 12.19B | 11.72B | 11.09B | 11.12B | 11.29B | 11.49B |
| Long-Term Investments | 7.75B | 9.32B | 15.26B | 9.56B | 15.71B | 10.3B | 16.41B | 9.95B | 19.09B | 19.71B | 19.46B | 13.06B | 13.86B | 20.54B | 20.14B | 14.14B | 20.45B | 19.59B | 6.92B | 1.14B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 92.57B | 94.37B | 99.01B | 100.5B | 100.48B | 101.81B | 104.32B | 104.32B | 109.29B | 108.97B | 108.33B | 109.64B | 115.04B | 111.14B | 111.27B | 109.21B | 109.16B | 113.61B | 103.01B | 105.05B |
| Asset Turnover | 0.10x | 0.09x | 0.09x | 0.11x | 0.10x | 0.10x | 0.10x | 0.10x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.08x | 0.09x | 0.10x | 0.10x |
| Asset Growth % | -7.88% | -7.31% | -5.09% | -3.66% | -8.05% | -6.57% | -3.7% | -4.85% | -5% | -1.95% | -2.64% | 0.39% | 5.39% | -2.17% | 8.01% | 3.96% | 3.1% | 2.91% | -7.99% | -11.63% |
| Total Current Liabilities | 22.52B | 25.13B | 24.25B | 25.73B | 25.41B | 24.17B | 23.15B | 23.4B | 23.67B | 23.96B | 24.39B | 23.1B | 24.7B | 24.14B | 25.98B | 25.5B | 21.95B | 24.46B | 27.25B | 28.12B |
| Accounts Payable | 13.34B | 8.63B | 13.15B | 10.59B | 14.1B | 9.69B | 13.43B | 10.46B | 14.47B | 14.39B | 15.01B | 10.39B | 13.77B | 13.54B | 13.18B | 9.73B | 11.98B | 11.29B | 10.41B | 8.34B |
| Days Payables Outstanding | 162.29 | - | - | - | - | - | 150.69 | - | - | - | - | 346.81 | 378.01 | - | - | - | 395.57 | - | - | - |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 1.95B | 8.24B | 8.34B | 1.9B | 7.83B | 6.38B | 5.86B | 1.87B | 5.39B | 3.86B | 5.69B | 1.98B | 2.62B | 6.9B | 9.01B | 1.93B | 6.12B | 9.26B | 13.95B | 6.79B |
| Current Ratio | 0.84x | 0.85x | 0.97x | 0.87x | 0.85x | 0.85x | 0.91x | 0.89x | 0.95x | 0.89x | 0.89x | 0.98x | 0.98x | 0.92x | 0.89x | 0.98x | 1.15x | 1.21x | 1.23x | 1.20x |
| Quick Ratio | 0.80x | 0.81x | 0.93x | 0.83x | 0.81x | 0.81x | 0.86x | 0.85x | 0.87x | 0.83x | 0.82x | 0.91x | 0.90x | 0.85x | 0.83x | 0.91x | 1.06x | 1.15x | 1.17x | 1.14x |
| Cash Conversion Cycle | -71.5 | - | - | - | - | - | -62.37 | - | - | - | - | -236.24 | -258.88 | - | - | - | -253.78 | - | - | - |
| Total Non-Current Liabilities | 48.7B | 48.27B | 51.09B | 52.02B | 50.93B | 52.89B | 53.96B | 53.83B | 53.93B | 53.82B | 53.82B | 54.83B | 57.72B | 55.32B | 53.45B | 55.03B | 54.8B | 56.55B | 56.61B | 58.67B |
| Long-Term Debt | 30.74B | 0 | 0 | 31.33B | 0 | 0 | 0 | 31.7B | 0 | 0 | 0 | 33.03B | 35.04B | 0 | 0 | 33.45B | 0 | 0 | 0 | 38.13B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 71.22B | 73.39B | 75.35B | 77.75B | 76.34B | 77.06B | 77.11B | 77.23B | 77.6B | 77.78B | 78.21B | 77.93B | 82.42B | 79.46B | 79.44B | 80.53B | 76.75B | 81.01B | 83.86B | 86.79B |
| Total Debt | 42.9B | 7.55B | 7.79B | 45.02B | 7.86B | 8B | 8.3B | 44.12B | 8.85B | 8.69B | 8.64B | 45.39B | 48.75B | 8.72B | 8.7B | 48.17B | 7.93B | 7.67B | 5.4B | 50.85B |
| Net Debt | 38.5B | 1.04B | 733M | 36.96B | 1.53B | 2.73B | 1.91B | 36.96B | 1.03B | 1.4B | 1.31B | 38.14B | 41.48B | 2.33B | 583M | 39.59B | -1.86B | -6.85B | 461M | 45.25B |
| Debt / Equity | 2.01x | 0.36x | 0.33x | 1.98x | 0.33x | 0.32x | 0.30x | 1.63x | 0.28x | 0.28x | 0.29x | 1.43x | 1.49x | 0.28x | 0.27x | 1.68x | 0.24x | 0.24x | 0.28x | 2.78x |
| Debt / EBITDA | 9.29x | 2.66x | 2.55x | 24.68x | 2.67x | 2.48x | 2.59x | 24.58x | 2.66x | 2.76x | 2.77x | 13.93x | 15.01x | 2.77x | 2.72x | 35.37x | 2.12x | 0.57x | 1.58x | 13.56x |
| Net Debt / EBITDA | 8.33x | 0.37x | 0.24x | 20.26x | 0.52x | 0.85x | 0.59x | 20.59x | 0.31x | 0.44x | 0.42x | 11.70x | 12.77x | 0.74x | 0.18x | 29.07x | -0.50x | -0.51x | 0.13x | 12.06x |
| Interest Coverage | 1.98x | 3.62x | - | 1.67x | 1.62x | - | 2.93x | -0.63x | 1.36x | 1.10x | 2.60x | 2.16x | 0.65x | 7.67x | 1.59x | 24.67x | 2.99x | 43.16x | 4.52x | 5.25x |
| Total Equity | 21.34B | 20.97B | 23.66B | 22.75B | 24.14B | 24.75B | 27.21B | 27.1B | 31.69B | 31.19B | 30.12B | 31.71B | 32.62B | 31.68B | 31.83B | 28.68B | 32.41B | 32.6B | 19.15B | 18.26B |
| Equity Growth % | -11.59% | -15.27% | -13.02% | -16.04% | -23.81% | -20.63% | -9.67% | -14.55% | -2.87% | -1.57% | -5.37% | 10.54% | 0.65% | -2.8% | 66.2% | 57.09% | 86.08% | 67.17% | -10.81% | -28.25% |
| Book Value per Share | 3.79 | 3.72 | 4.20 | 4.04 | 4.28 | 4.39 | 4.83 | 4.79 | 5.59 | 5.50 | 5.30 | 5.56 | 5.69 | 5.51 | 5.52 | 5.06 | 5.05 | 5.35 | 3.32 | 3.36 |
| Total Shareholders' Equity | 17.61B | 17.28B | 19.72B | 19.35B | 20.56B | 21.02B | 22.97B | 21.85B | 25.61B | 25.05B | 24.03B | 25.09B | 25.72B | 24.91B | 24.68B | 22.21B | 23.3B | 23.36B | 12.23B | 11.23B |
| Common Stock | 17.61B | 5.67B | 0 | 5.67B | 0 | 5.67B | 0 | 5.75B | 0 | 0 | 0 | 5.78B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | 19.47B | 0 | 22.61B | 0 | 23.91B | 0 | 24.89B | 0 | 0 | 0 | 27.7B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | -128M | 0 | -106M | 0 | -127M | 0 | -429M | 0 | 0 | 0 | -341M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -18.76B | 0 | -19.74B | 0 | -19.32B | 0 | -19.31B | 0 | 0 | 0 | -18.94B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 3.73B | 3.69B | 3.95B | 3.4B | 3.58B | 3.74B | 4.24B | 5.24B | 6.07B | 6.13B | 6.09B | 6.62B | 6.9B | 6.78B | 7.15B | 6.48B | 9.11B | 9.24B | 6.92B | 7.03B |