Telefônica Brasil S.A. (VIV) 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 | 28.28B | 25.21B | 24.25B | 26.34B | 25.8B | 22.81B | 23.08B | 23.84B | 23.5B | 19.24B | 19.4B | 19.9B | 20.85B | 17.28B | 21.09B | 17.8B | 21.67B | 21.06B | 23.39B | 24.26B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 9.07B | 7.14B | 6.8B | 9.45B | 8.19B | 6.69B | 6.78B | 7.35B | 6.85B | 4.36B | 4.56B | 5.4B | 5.26B | 2.27B | 6.03B | 3.13B | 6.43B | 6.45B | 8.29B | 8.41B |
| Short-Term Investments | 87.66M | 99.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.15M | 0 | 1.08M | 1.05M | 1.02M | 984K | 953K | 30.84M | 0 | 39.86M | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 61.68 | 59.97 | 59.55 | 58.91 | 59.82 | 58.89 | 60.3 | 62.21 | 63.19 | 62.52 | 61.7 | 60.61 | 60.64 | 62.97 | 64.86 | 64.35 | 64.5 | 64.28 | 66.26 | 68.66 |
| Inventory | 1.73B | 1.48B | 1.26B | 992M | 1.21B | 1.1B | 1.2B | 1.03B | 1.04B | 822.81M | 888M | 760.81M | 1.13B | 789.72M | 770.98M | 800.92M | 796.67M | 640M | 588.12M | 676M |
| Days Inventory Outstanding | 16.05 | 13.21 | 12.7 | 12.48 | 12.92 | 12.54 | 13.17 | 12.36 | 33.32 | 10.21 | 30.52 | 12.22 | 11.99 | 9.9 | 10.26 | 10.9 | 10.01 | 8.45 | 9.39 | 12.79 |
| Other Current Assets | 484.26M | 315.21M | 3.54B | 624.06M | 563.66M | 526.66M | 562.77M | 481.03M | 306.6M | 360.82M | 247.28M | 612.78M | 339.74M | 939.93M | 876.2M | 789.84M | 680.14M | 237.57M | 719.79M | 7.25B |
| Total Non-Current Assets | 100.6B | 102.8B | 99.65B | 100.14B | 100.81B | 102.13B | 100.59B | 100.25B | 100.36B | 101.49B | 100.59B | 100.25B | 100.99B | 101.84B | 101.28B | 102.21B | 94.82B | 94.6B | 89.53B | 89.48B |
| Property, Plant & Equipment | 45.81B | 47.33B | 44.73B | 45.23B | 45.76B | 46.81B | 45.83B | 45.52B | 45.64B | 46.32B | 45.48B | 44.47B | 45.08B | 45.9B | 45.54B | 45.6B | 44.8B | 44.41B | 44.06B | 44.33B |
| Fixed Asset Turnover | 0.33x | 0.34x | 0.33x | 0.32x | 0.31x | 0.31x | 0.31x | 0.30x | 0.29x | 0.29x | 0.29x | 0.28x | 0.28x | 0.28x | 0.27x | 0.26x | 0.25x | 0.26x | 0.25x | 0.24x |
| Goodwill | 26.9B | 27.22B | 26.62B | 26.63B | 26.62B | 26.57B | 26.39B | 26.39B | 26.39B | 26.39B | 26.39B | 26.39B | 26.42B | 26.36B | 26.22B | 26.37B | 22.87B | 22.87B | 22.88B | 23.03B |
| Intangible Assets | 20.13B | 20.72B | 20.9B | 21.11B | 21.35B | 21.7B | 21.78B | 21.97B | 22.24B | 22.57B | 22.68B | 22.67B | 22.95B | 23.36B | 23.27B | 23.49B | 20.97B | 21.24B | 16.93B | 17.14B |
| Long-Term Investments | 3.74B | 3.61B | 633.04M | 594.78M | 624.09M | 609M | 526.86M | 529.32M | 3.63B | 475.04M | 433.8M | 468.82M | 4.43B | 411.72M | 392.34M | 374.28M | 383.51M | 393.53M | 699.47M | 3.4B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 128.88B | 128.01B | 123.9B | 126.47B | 126.61B | 124.94B | 123.67B | 124.09B | 123.86B | 120.74B | 119.99B | 120.16B | 121.84B | 119.12B | 122.37B | 120.01B | 116.49B | 115.74B | 112.92B | 113.74B |
| Asset Turnover | 0.12x | 0.13x | 0.12x | 0.12x | 0.11x | 0.12x | 0.11x | 0.11x | 0.11x | 0.11x | 0.11x | 0.11x | 0.11x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.09x |
| Asset Growth % | 1.8% | 2.45% | 0.19% | 1.92% | 2.22% | 3.48% | 3.06% | 3.27% | 1.66% | 1.36% | -1.95% | 0.12% | 4.59% | 2.92% | 8.37% | 5.51% | 4.71% | 6.44% | 3.37% | 2.75% |
| Total Current Liabilities | 25.74B | 25.23B | 23.88B | 26.8B | 26.76B | 24.26B | 24B | 23.17B | 23.26B | 20.08B | 21.04B | 22.83B | 23.54B | 22.17B | 24.79B | 25.59B | 21.72B | 22.46B | 22.14B | 23.41B |
| Accounts Payable | 10.11B | 9.86B | 9.53B | 9.42B | 9.51B | 9.23B | 8.14B | 9.87B | 9.45B | 8.17B | 9B | 8.79B | 9.5B | 7.42B | 7.75B | 8.49B | 8.04B | 7.13B | 7.45B | 8.13B |
| Days Payables Outstanding | 99.79 | 93.76 | 107.04 | 107.31 | 104.95 | 94.78 | 106.29 | 115.56 | 315.77 | 102.54 | 329.42 | 118.15 | 105.54 | 96.18 | 105.96 | 112.77 | 105.66 | 100.29 | 115.74 | 125.67 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 8.05B | 7.43B | 6.52B | 7.49B | 2.72B | 3.73B | 1.39B | 6.39B | 7.47B | 5.42B | 5.73B | 6.57B | 12.05B | 7.1B | 9.33B | 11.08B | 7.58B | 7.1B | 12.12B | 1.69B |
| Current Ratio | 1.10x | 1.00x | 1.02x | 0.98x | 0.96x | 0.94x | 0.96x | 1.03x | 1.01x | 0.96x | 0.92x | 0.87x | 0.89x | 0.78x | 0.85x | 0.70x | 1.00x | 0.94x | 1.06x | 1.04x |
| Quick Ratio | 1.03x | 0.94x | 0.96x | 0.95x | 0.92x | 0.90x | 0.91x | 0.98x | 0.97x | 0.92x | 0.88x | 0.84x | 0.84x | 0.74x | 0.82x | 0.66x | 0.96x | 0.91x | 1.03x | 1.01x |
| Cash Conversion Cycle | -22.06 | -20.58 | -34.8 | -35.92 | -32.21 | -23.35 | -32.81 | -40.98 | -219.26 | -29.8 | -237.19 | -45.31 | -32.91 | -23.32 | -30.85 | -37.52 | -31.15 | -27.55 | -40.08 | -44.21 |
| Total Non-Current Liabilities | 34.23B | 33.81B | 31.52B | 31.53B | 31.7B | 30.88B | 30.56B | 31.76B | 31.88B | 31.03B | 29.62B | 28.63B | 29.48B | 28.49B | 28.44B | 26.34B | 24.59B | 23.2B | 21.43B | 21.56B |
| Long-Term Debt | 4.41B | 14.99B | 3.6B | 3.6B | 3.63B | 3.57B | 3.47B | 4.86B | 4.6B | 4.54B | 4.49B | 4.98B | 5.32B | 4.75B | 5.03B | 11.78B | 1.76B | 1.7B | 8.3B | 8.54B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 59.96B | 59.04B | 55.4B | 58.34B | 58.46B | 55.14B | 54.57B | 54.93B | 55.13B | 51.11B | 50.66B | 51.46B | 53.02B | 50.67B | 53.23B | 51.92B | 46.31B | 45.66B | 43.57B | 44.97B |
| Total Debt | 19.63B | 30.88B | 18.11B | 20.32B | 20.56B | 20.75B | 19.25B | 18.88B | 18.53B | 18.74B | 17.75B | 18.27B | 18.98B | 19.3B | 19.75B | 16.38B | 15.59B | 16.93B | 12.71B | 12.94B |
| Net Debt | 10.56B | 23.74B | 11.32B | 10.86B | 12.37B | 14.06B | 12.47B | 11.53B | 11.67B | 14.38B | 13.2B | 12.86B | 13.72B | 17.03B | 13.72B | 13.25B | 9.16B | 10.48B | 4.42B | 4.53B |
| Debt / Equity | 0.28x | 0.45x | 0.26x | 0.30x | 0.30x | 0.30x | 0.28x | 0.27x | 0.27x | 0.27x | 0.26x | 0.27x | 0.28x | 0.28x | 0.29x | 0.24x | 0.22x | 0.24x | 0.18x | 0.19x |
| Debt / EBITDA | 3.24x | 4.87x | 2.79x | 3.42x | 3.61x | 3.35x | 3.23x | 3.46x | 3.51x | 3.26x | 3.21x | 3.60x | 3.85x | 3.69x | 3.99x | 3.58x | 3.46x | 3.35x | 2.57x | 2.70x |
| Net Debt / EBITDA | 1.74x | 3.74x | 1.74x | 1.83x | 2.17x | 2.27x | 2.09x | 2.11x | 2.21x | 2.50x | 2.38x | 2.53x | 2.78x | 3.26x | 2.77x | 2.90x | 2.03x | 2.08x | 0.89x | 0.95x |
| Interest Coverage | 3.52x | 4.61x | 19.83x | 7.57x | 2.90x | 7.62x | 20.08x | 16.95x | 2.99x | 15.67x | 17.31x | 14.74x | 13.16x | 13.83x | 15.22x | 7.97x | 9.38x | 22.58x | 32.53x | 7.69x |
| Total Equity | 68.92B | 68.97B | 68.5B | 68.07B | 68.14B | 69.8B | 69.1B | 69.16B | 68.73B | 69.63B | 69.38B | 68.7B | 68.82B | 68.46B | 69.15B | 68.09B | 70.18B | 70.08B | 69.4B | 68.77B |
| Equity Growth % | 1.14% | -1.19% | -0.87% | -1.57% | -0.85% | 0.25% | -0.41% | 0.66% | -0.14% | 1.71% | 0.34% | 0.91% | -1.93% | -2.32% | -0.36% | -1% | 0.22% | 0.76% | -0.65% | -0.68% |
| Book Value per Share | 43.13 | 43.16 | 42.81 | 42.54 | 41.87 | 42.76 | 42.28 | 41.90 | 41.59 | 42.05 | 41.87 | 41.38 | 41.40 | 41.09 | 41.41 | 40.75 | 41.91 | 41.79 | 41.26 | 40.83 |
| Total Shareholders' Equity | 68.65B | 68.69B | 68.44B | 68.07B | 68.08B | 69.73B | 69.03B | 69.09B | 68.66B | 69.57B | 69.33B | 68.65B | 68.77B | 68.4B | 69.09B | 68.03B | 70.1B | 70.01B | 69.35B | 68.77B |
| Common Stock | 59.33B | 60.04B | 60.07B | 60.07B | 60.07B | 62.07B | 62.07B | 62.07B | 62.07B | 63.57B | 63.57B | 63.57B | 63.57B | 63.57B | 63.57B | 63.57B | 63.57B | 63.57B | 63.57B | 63.57B |
| Retained Earnings | 4.98B | 4.31B | 8.94B | 8.81B | 669.63M | 7.52B | 1.84B | 3.31B | 2.64B | 5.89B | 1.92B | 1.26B | 1.48B | 1.04B | 5.18B | 3.96B | 309.88M | 5.53B | 1.69B | 4.11B |
| Treasury Stock | -162K | -164K | -697.75M | -929.09M | -526.67M | -194K | -992.25M | -257.23M | -194K | -194K | -86.34M | -86.34M | 0 | -607.44M | -457.5M | -313.38M | -115.48M | -606.54M | 0 | -253.8M |
| Accumulated OCI | 4.33B | 4.34B | 124.19M | 128.53M | 7.8B | 135.14M | 6.05B | 3.97B | 3.95B | 110M | 4.02B | 3.78B | 3.79B | 809.03M | 803.16M | 808.46M | 6.19B | 1.43B | 4.09B | 1.35B |
| Minority Interest | 273.14M | 280.84M | 62.25M | 62.68M | 68.3M | 69.91M | 72.47M | 71.28M | 61.1M | 60.52M | 56.06M | 50.99M | 52.23M | 52.11M | 52.77M | 55.67M | 72.71M | 79M | 44.88M | 0 |