Tenaris SA ADR (TS) — Defensive Interval Ratio
Tenaris SA ADR (TS) has a Defensive Interval Ratio of 732 days as of March 2026. Defensive assets of $4.64 Billion (cash $-, short-term investments $2.27 Billion, receivables $2.38 Billion) cover 732 days of daily cash needs of $6.34 Million/day. Check Tenaris SA ADR (TS) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Tenaris SA ADR Defensive Interval Ratio (2002–2025)
This chart shows how Tenaris SA ADR's Defensive Interval Ratio has evolved across 24 annual periods from 2002 to 2025. As of March 2026, the ratio stands at 732 days, meaning defensive assets of $4.64 Billion can fund 732 days of operations without new revenue. Also explore net asset momentum of Tenaris SA ADR to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Tenaris SA ADR (2002–2025)
The table below presents the year-by-year Defensive Interval Ratio for Tenaris SA ADR from 2002 to 2025, covering 24 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see Tenaris SA ADR (TS) total market value.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 730 days | $4.69 Billion | $6.43 Million/day | $430.17 Million | $2.31 Billion | ▲ +11 days |
| 2024 | 719 days | $5.19 Billion | $7.22 Million/day | $384.36 Million | $2.37 Billion | ▼ -1 days |
| 2023 | 719 days | $5.72 Billion | $7.95 Million/day | $1.27 Billion | $1.97 Billion | ▲ +192 days |
| 2022 | 527 days | $4.02 Billion | $7.64 Million/day | $1.09 Billion | $438.45 Million | ▲ +41 days |
| 2021 | 485 days | $2.07 Billion | $4.27 Million/day | $105.70 Million | $397.85 Million | ▼ -121 days |
| 2020 | 607 days | $1.94 Billion | $3.20 Million/day | $98.18 Million | $872.49 Million | ▲ +48 days |
| 2019 | 559 days | $2.73 Billion | $4.88 Million/day | $1.17 Billion | $210.38 Million | ▲ +52 days |
| 2018 | 507 days | $2.39 Billion | $4.71 Million/day | $160.20 Million | $487.73 Million | ▲ +71 days |
| 2017 | 436 days | $2.47 Billion | $5.67 Million/day | $66.03 Million | $1.19 Billion | ▼ -155 days |
| 2016 | 591 days | $2.80 Billion | $4.74 Million/day | $215.81 Million | $1.63 Billion | ▼ -90 days |
| 2015 | 681 days | $3.28 Billion | $4.81 Million/day | $- | $2.14 Billion | ▲ +148 days |
| 2014 | 533 days | $3.80 Billion | $7.13 Million/day | $- | $1.84 Billion | ▼ -23 days |
| 2013 | 557 days | $3.23 Billion | $5.81 Million/day | $- | $1.25 Billion | ▲ +203 days |
| 2012 | 353 days | $2.74 Billion | $7.75 Million/day | $- | $665.98 Million | ▼ -45 days |
| 2011 | 398 days | $2.62 Billion | $6.59 Million/day | $- | $430.78 Million | ▲ +42 days |
| 2010 | 356 days | $2.32 Billion | $6.52 Million/day | $- | $676.22 Million | ▼ -28 days |
| 2009 | 385 days | $2.08 Billion | $5.40 Million/day | $- | $601.25 Million | ▲ +151 days |
| 2008 | 233 days | $2.42 Billion | $10.38 Million/day | $- | $45.86 Million | ▼ -12 days |
| 2007 | 245 days | $2.06 Billion | $8.39 Million/day | $- | $87.53 Million | ▼ -29 days |
| 2006 | 275 days | $2.08 Billion | $7.58 Million/day | $- | $183.60 Million | ▼ -66 days |
| 2005 | 341 days | $1.59 Billion | $4.66 Million/day | $- | $119.91 Million | ▲ +142 days |
| 2004 | 199 days | $1.09 Billion | $5.48 Million/day | $- | $119.67 Million | ▼ -22 days |
| 2003 | 221 days | $802.83 Million | $3.64 Million/day | $- | $138.27 Million | ▲ +16 days |
| 2002 | 204 days | $673.04 Million | $3.30 Million/day | $- | $- | — |