Telenor Balance Sheet Health
Financial Health criteria checks 4/6
Telenor has a total shareholder equity of NOK81.0B and total debt of NOK82.5B, which brings its debt-to-equity ratio to 101.9%. Its total assets and total liabilities are NOK221.6B and NOK140.6B respectively. Telenor's EBIT is NOK18.2B making its interest coverage ratio 6.7. It has cash and short-term investments of NOK47.6B.
Key information
101.85%
Debt to equity ratio
NOK 82.48b
Debt
| Interest coverage ratio | 6.7x |
| Cash | NOK 47.62b |
| Equity | NOK 80.98b |
| Total liabilities | NOK 140.61b |
| Total assets | NOK 221.58b |
Financial Position Analysis
Short Term Liabilities: TEL's short term assets (NOK70.7B) exceed its short term liabilities (NOK45.0B).
Long Term Liabilities: TEL's short term assets (NOK70.7B) do not cover its long term liabilities (NOK95.6B).
Debt to Equity History and Analysis
Debt Level: TEL's net debt to equity ratio (43%) is considered high.
Reducing Debt: TEL's debt to equity ratio has reduced from 251.6% to 101.9% over the past 5 years.
Debt Coverage: TEL's debt is well covered by operating cash flow (35.6%).
Interest Coverage: TEL's interest payments on its debt are well covered by EBIT (6.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/22 07:24 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2026/03/31 |
| 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 |