Telenor Balance Sheet Health
Financial Health criteria checks 4/6
Telenor has a total shareholder equity of NOK68.1B and total debt of NOK72.2B, which brings its debt-to-equity ratio to 106.1%. Its total assets and total liabilities are NOK206.0B and NOK137.9B respectively. Telenor's EBIT is NOK17.7B making its interest coverage ratio 7.4. It has cash and short-term investments of NOK31.7B.
Key information
106.10%
Debt to equity ratio
NOK 72.24b
Debt
| Interest coverage ratio | 7.4x |
| Cash | NOK 31.70b |
| Equity | NOK 68.09b |
| Total liabilities | NOK 137.89b |
| Total assets | NOK 205.97b |
Recent financial health updates
Recent updates
TEL: Nordics Expansion And IoT Proceeds Will Support Upside Potential
Telenor's updated fair value estimate of NOK 164.35, down from NOK 168, reflects a recalibrated view of analyst price targets that now cluster around NOK 140 to NOK 170, as analysts weigh recent upgrades to Buy and trimmed targets against mixed sentiment on Nordic telecoms. Analyst Commentary Recent research on Telenor shows a split view, with some analysts turning more positive on the stock while others are trimming expectations and leaning cautious on the Nordic telecoms space.Telenor (OB:TEL) Stock Could Be 51.9% Below Fair Value After Bane NOR Deal
Telenor (OB:TEL) is back in focus after Telenor Norge and Techstep secured a new five year frame agreement with Bane NOR, covering mobile services, devices, subscriptions, and full lifecycle management. See our latest analysis for Telenor. The new Bane NOR contract lands at a time when Telenor’s share price has softened, with a 30 day share price return down 10.19% and a 90 day return down 13.60%, yet its 3 year total shareholder return of 60.65% and 5 year total shareholder return of 42.38%...Telenor ASA's (OB:TEL) Business Is Yet to Catch Up With Its Share Price
When close to half the companies in Norway have price-to-earnings ratios (or "P/E's") below 12x, you may consider...Telenor (OB:TEL) Seems To Use Debt Quite Sensibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Here's Why We Think Telenor (OB:TEL) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Telenor (OB:TEL) Is Due To Pay A Dividend Of NOK4.60
Telenor ASA's ( OB:TEL ) investors are due to receive a payment of NOK4.60 per share on 28th of October. This takes the...Financial Position Analysis
Short Term Liabilities: TEL's short term assets (NOK54.7B) exceed its short term liabilities (NOK41.4B).
Long Term Liabilities: TEL's short term assets (NOK54.7B) do not cover its long term liabilities (NOK96.5B).
Debt to Equity History and Analysis
Debt Level: TEL's net debt to equity ratio (59.5%) is considered high.
Reducing Debt: TEL's debt to equity ratio has reduced from 357.5% to 106.1% over the past 5 years.
Debt Coverage: TEL's debt is well covered by operating cash flow (39.5%).
Interest Coverage: TEL's interest payments on its debt are well covered by EBIT (7.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/19 15:35 |
| End of Day Share Price | 2026/07/17 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Telenor ASA is covered by 36 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| William Noel Milner | Arete Research Services LLP |
| John Davies | Banco Santander |