Telecom Argentina S.A. (TEO) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | 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 |
|---|
| Total Current Assets | 2.18T | 1.83T | 1.74T | 1.38T | 1.5T | 754.86B | 717.76B | 739.95B | 770.33B | 1.05T | 739.46M | 715.65M | 175.1B | 351.83B | 88B | 71.71B | 86.56B | 126.91B | 54.83B | 81.69B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 675.48B | 468.87B | 382.86B | 322.92B | 412.35B | 318.32B | 175.32B | 148.8B | 150.6B | 347.93B | 280.48M | 237.22M | 41.59B | 124.72B | 32.65B | 21.41B | 21.5B | 38.66B | 17.07B | 16.41B |
| Short-Term Investments | 394.29B | 322.94B | 291.06B | 45.84B | 106.5B | 33.58B | 162.83B | 223.14B | 315.09B | 269.96B | 111.38M | 74.87M | 50.13B | 26.07B | 6.26B | 4.8B | 25.08B | 21.01B | 8.22B | 34.53B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 30.48 | 26.79 | 33.53 | 34.62 | 33.96 | 19.99 | 23.77 | 17.57 | 21.24 | 12.95 | 0.02 | 8.75 | 10.53 | 31.45 | 7.37 | 8.83 | 13.49 | 22.75 | 10.64 | 13.48 |
| Inventory | 67.93B | 87.9B | 86.91B | 120.5B | 117.91B | 60.44B | 53.1B | 42.19B | 44.21B | 68.66B | 62.82M | 40.4M | 8.67B | 20.08B | 5.06B | 4.82B | 2.25B | 6.07B | 3.35B | 3.33B |
| Days Inventory Outstanding | 12.58 | 12.55 | 18.12 | 23.34 | 23.26 | 15.28 | 16.92 | 12.34 | 17.66 | 11.52 | 0.02 | 1.52 | 6.19 | 16.8 | 4.84 | 4.49 | 6.18 | 12.14 | 6.6 | 8.34 |
| Other Current Assets | 17.28B | 3.01B | 17.83B | 8.52B | 2.45B | 1.76B | 9.49B | 21.77B | 6.11B | 12.16B | 5.54M | 5.57M | 1.29B | 6.39B | 1.09B | 799M | 35M | 0 | 20M | 36M |
| Total Non-Current Assets | 16.1T | 14.78T | 13.89T | 13.18T | 12.54T | 10.19T | 9.48T | 8.6T | 7.37T | 10.88T | 8.93B | 9.15B | 1.93T | 5.03T | 1.39T | 1.33T | 1.15T | 1.97T | 923.69B | 857.72B |
| Property, Plant & Equipment | 8.15T | 7.51T | 6.69T | 6.34T | 6.06T | 4.82T | 4.53T | 4.14T | 3.61T | 5.42T | 4.59B | 4.75B | 1.02T | 2.66T | 736.38B | 620.58B | 544.25B | 943.95B | 438.95B | 412.33B |
| Fixed Asset Turnover | 0.30x | 0.38x | 0.32x | 0.31x | 0.25x | 0.27x | 0.23x | 0.31x | 0.24x | 0.38x | 220.67x | 0.49x | 0.45x | 0.15x | 0.52x | 0.47x | 0.32x | 0.19x | 0.41x | 0.37x |
| Goodwill | 4.86T | 4.44T | 4.12T | 3.89T | 3.66T | 3.37T | 3.12T | 2.78T | 2.34T | 3.36T | 2.87B | 2.9B | 602.27B | 1.54T | 422.22B | 516.66B | 440.17B | 738.46B | 344.64B | 315.43B |
| Intangible Assets | 2.86T | 2.67T | 2.61T | 2.48T | 2.37T | 1.9T | 1.77T | 1.59T | 1.36T | 1.97T | 1.39B | 1.42B | 302.59B | 793.49B | 222.39B | 186.03B | 161.94B | 280.72B | 133.76B | 124.92B |
| Long-Term Investments | 121.03B | 90.87B | 13.02B | 30.73B | 21.7B | 13.61B | 12.76B | 36.82B | 32.94B | 51.88B | 54.21M | 50.92M | 8.14B | 20.06B | 5.14B | 4.36B | 3.72B | 6.28B | 2.78B | 2.47B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 18.28T | 16.62T | 15.63T | 14.56T | 14.04T | 10.94T | 10.19T | 9.34T | 8.14T | 11.93T | 9.67B | 9.86B | 2.11T | 5.38T | 1.48T | 1.4T | 1.24T | 2.1T | 978.52B | 939.41B |
| Asset Turnover | 0.14x | 0.17x | 0.14x | 0.13x | 0.11x | 0.12x | 0.10x | 0.14x | 0.11x | 0.17x | 105.48x | 0.24x | 0.22x | 0.08x | 0.25x | 0.21x | 0.14x | 0.09x | 0.18x | 0.16x |
| Asset Growth % | 30.21% | 51.86% | 53.34% | 55.95% | 72.35% | -8.27% | 105295.63% | 94565.28% | 286.1% | 121.54% | -99.35% | -99.3% | 70.14% | 156.17% | 51.06% | 49.3% | 44.94% | 85.15% | 41.23% | 41.57% |
| Total Current Liabilities | 3.74T | 3.84T | 3.33T | 3.22T | 3.11T | 1.96T | 1.79T | 1.52T | 1.53T | 2.41T | 1.63B | 1.76B | 359.91B | 897.82B | 249B | 216.57B | 187.38B | 322.54B | 150.97B | 125.74B |
| Accounts Payable | 998.62B | 1.11T | 961.99B | 938.48B | 846B | 444.69B | 392.7B | 391.42B | 418B | 777.1B | 491.78M | 526.06M | 107.12B | 277.95B | 61.97B | 57.44B | 45.1B | 95.9B | 43.95B | 42.91B |
| Days Payables Outstanding | 170.08 | 148.65 | 166.02 | 174.66 | 168.29 | 112.68 | 139.21 | 115.6 | 187.05 | 130.32 | 0.17 | 18.78 | 82.92 | 227.24 | 58.45 | 65.08 | 104.83 | 180.23 | 85.79 | 100.93 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 205.53B | 875.45B | 148.34B | 114.17B | 102.36B | 30.54B | 20.53B | 19.48B | 19.38B | 30.96B | 179.51M | 260.78M | 6.63B | 28.49B | 7.34B | 4.67B | 2.5B | 5.27B | 2.41B | 2.66B |
| Current Ratio | 0.58x | 0.48x | 0.52x | 0.43x | 0.48x | 0.39x | 0.40x | 0.49x | 0.50x | 0.44x | 0.45x | 0.41x | 0.49x | 0.39x | 0.35x | 0.33x | 0.46x | 0.39x | 0.36x | 0.65x |
| Quick Ratio | 0.56x | 0.45x | 0.50x | 0.39x | 0.44x | 0.35x | 0.37x | 0.46x | 0.47x | 0.41x | 0.41x | 0.38x | 0.46x | 0.37x | 0.33x | 0.31x | 0.45x | 0.37x | 0.34x | 0.62x |
| Cash Conversion Cycle | -127.02 | -109.32 | -114.37 | -116.71 | -111.08 | -77.42 | -98.52 | -85.69 | -148.14 | -105.86 | -0.14 | -8.51 | -66.21 | -178.98 | -46.25 | -51.76 | -85.15 | -145.35 | -68.55 | -79.1 |
| Total Non-Current Liabilities | 6.31T | 5.8T | 5.77T | 5.04T | 4.84T | 3.45T | 3.16T | 3.08T | 2.63T | 4.63T | 3.28B | 3.38B | 732.53B | 1.96T | 525.21B | 440.72B | 391.82B | 708.14B | 334.97B | 330.85B |
| Long-Term Debt | 4.19T | 2.75T | 3.69T | 3.04T | 2.92T | 1.81T | 1.63T | 1.74T | 1.59T | 3.41T | 1.64B | 1.61B | 389.68B | 1.04T | 299.75B | 246.08B | 218.11B | 393.58B | 182.01B | 187.57B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 10.06T | 9.64T | 9.09T | 8.26T | 7.94T | 5.41T | 4.96T | 4.61T | 4.17T | 7.04T | 4.92B | 5.14B | 1.09T | 2.85T | 774.21B | 657.29B | 579.19B | 1.03T | 485.94B | 456.58B |
| Total Debt | 5.89T | 4.31T | 5.49T | 4.74T | 4.44T | 3.09T | 2.87T | 2.7T | 2.56T | 4.83T | 2.45B | 2.51B | 606.38B | 1.55T | 424.49B | 361.55B | 318.2B | 556.43B | 265.91B | 256.01B |
| Net Debt | 5.21T | 3.84T | 5.1T | 4.42T | 4.03T | 2.77T | 2.69T | 2.56T | 2.41T | 4.48T | 2.17B | 2.27B | 564.79B | 1.43T | 391.84B | 340.14B | 296.69B | 517.76B | 248.84B | 239.6B |
| Debt / Equity | 0.72x | 0.62x | 0.84x | 0.75x | 0.73x | 0.56x | 0.55x | 0.57x | 0.64x | 0.99x | 0.52x | 0.53x | 0.60x | 0.61x | 0.60x | 0.49x | 0.48x | 0.52x | 0.54x | 0.53x |
| Debt / EBITDA | 4.37x | - | 4.85x | 8.98x | 9.83x | 9.02x | 8.55x | 7.77x | 7.93x | 17.15x | 0.01x | 0.01x | 2.41x | 1202.82x | - | 5.05x | 4.05x | 14.96x | 3.74x | 4.96x |
| Net Debt / EBITDA | 3.87x | - | 4.51x | 8.37x | 8.91x | 8.10x | 8.02x | 7.35x | 7.46x | 15.92x | 0.01x | 0.01x | 2.25x | 1106.13x | - | 4.75x | 3.77x | 13.92x | 3.50x | 4.64x |
| Interest Coverage | 7.20x | 1.77x | -0.83x | -2.27x | 5481.79x | 1943.01x | 1406.13x | 4.57x | 20727.32x | -5841.88x | -1503.53x | -969.87x | 3200.19x | -37.66x | -21306.84x | 357.25x | 1720.19x | 3.05x | 501.05x | 6.63x |
| Total Equity | 8.22T | 6.98T | 6.54T | 6.3T | 6.09T | 5.53T | 5.24T | 4.73T | 3.98T | 4.89T | 4.75B | 4.72B | 1.02T | 2.53T | 703.92B | 745.3B | 660.48B | 1.07T | 492.58B | 482.83B |
| Equity Growth % | 34.85% | 26.12% | 24.84% | 33.26% | 53.29% | 13.19% | 110060.81% | 100033.59% | 291.05% | 93.24% | -99.32% | -99.37% | 53.94% | 136.24% | 42.91% | 54.36% | 47.33% | 82.49% | 30.88% | 36.95% |
| Book Value per Share | 19080.02 | 16206.27 | 15179.37 | 14627.89 | 14149.35 | 12849.54 | 12164.31 | 10977.13 | 9230.34 | 11351.99 | 11.04 | 10.96 | 2360.43 | 5874.46 | 1634.23 | 1730.28 | 1533.37 | 2486.70 | 1143.57 | 1120.94 |
| Total Shareholders' Equity | 8.09T | 6.86T | 6.44T | 6.22T | 6.02T | 5.43T | 5.14T | 4.64T | 3.89T | 4.72T | 4.66B | 4.62B | 996.39B | 2.48T | 690.9B | 734.47B | 650.67B | 1.05T | 484.85B | 475.66B |
| Common Stock | 0 | 2.15B | 0 | 0 | 2.15B | 2.15B | 2.15B | 2.15B | 2.15B | 2.15B | 6.15M | 8.39M | 2.15B | 2.15B | 2.15B | 0 | 0 | 2.15B | 0 | 0 |
| Retained Earnings | 0 | 3.1T | 0 | 0 | 3.46T | 1.01T | 938.64B | 851.68B | 281.49B | -561.24B | 2.59B | 2.53B | 601.93B | -647.21B | -164.87B | 0 | 0 | 16.74B | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 1.3T | 0 | 0 | -244.21B | -41.58B | 76.76B | 106.7B | 385.76B | 659.32B | 467.75M | 472.46M | 58.33B | 151.21B | 41.05B | 0 | 0 | 52.28B | 0 | 0 |
| Minority Interest | 124.54B | 119.4B | 101.59B | 76.43B | 75.29B | 109.78B | 98.8B | 92.77B | 89.92B | 168.88B | 97.81M | 101.05M | 20.34B | 50.48B | 13.03B | 10.83B | 9.8B | 16.7B | 7.73B | 7.17B |