Telefônica Brasil S.A. (VIV) Balance Sheet

As reported in recent financial statements, VIV has maintained a stable total asset base of approximately $128.9B as of 2026Q1, reflecting a disciplined approach to capital management while the company navigates the ongoing structural shift from legacy copper infrastructure to high-growth fiber and mobile data services.

Based on the company's reported figures, VIV maintains a conservative debt-to-equity ratio of 0.28 as of 2026Q1, which is significantly lower than regional peers and provides the firm with substantial financial flexibility to navigate Brazil's volatile macroeconomic environment and high interest rate cycles.

According to quarterly filings, VIV held $9.1B in cash as of 2026Q1, representing a significant liquidity buffer that, when combined with a current ratio of 1.10, suggests the company is well-positioned to meet its short-term obligations despite the capital-intensive nature of its ongoing network modernization efforts.

As indicated by the company's balance sheet, equity has remained remarkably stable at approximately $68.6B over the last ten quarters, demonstrating that VIV's aggressive dividend policy and capital return programs are effectively balanced by consistent earnings retention and disciplined management of its capital structure.