Tenaris SA ADR (TS) — Financial Flexibility Index
Tenaris SA ADR (TS) has a Financial Flexibility Index of 0.23x as of March 2026. Free cash flow of $734.79 Million (operating CF $619.89 Million minus capex $114.90 Million) represents 0% of total liabilities ($3.17 Billion). Check TS total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Tenaris SA ADR Financial Flexibility Index (2000–2025)
Historical Financial Flexibility Index trend for Tenaris SA ADR across 26 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Tenaris SA ADR.
Annual Financial Flexibility Index for Tenaris SA ADR (2000–2025)
Year-by-year free cash flow to debt coverage for Tenaris SA ADR. Explore TS debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.99x | $3.22 Billion | $2.60 Billion | $3.24 Billion | ▲ +1.0% |
| 2024 | 0.98x | $3.57 Billion | $2.87 Billion | $3.64 Billion | ▼ -20.7% |
| 2023 | 1.24x | $5.01 Billion | $4.40 Billion | $4.05 Billion | ▲ +178.1% |
| 2022 | 0.45x | $1.56 Billion | $1.17 Billion | $3.52 Billion | ▲ +186.8% |
| 2021 | 0.16x | $363.67 Million | $119.08 Million | $2.34 Billion | ▼ -79.5% |
| 2020 | 0.76x | $1.71 Billion | $1.52 Billion | $2.27 Billion | ▲ +7.0% |
| 2019 | 0.71x | $1.88 Billion | $1.53 Billion | $2.66 Billion | ▲ +75.8% |
| 2018 | 0.40x | $954.26 Million | $610.80 Million | $2.38 Billion | ▲ +113.2% |
| 2017 | 0.19x | $530.77 Million | $-22.02 Million | $2.82 Billion | ▼ -70.0% |
| 2016 | 0.63x | $1.63 Billion | $863.57 Million | $2.59 Billion | ▼ -43.1% |
| 2015 | 1.10x | $3.34 Billion | $2.22 Billion | $3.02 Billion | ▲ +28.4% |
| 2014 | 0.86x | $3.19 Billion | $2.04 Billion | $3.70 Billion | ▼ -3.2% |
| 2013 | 0.89x | $3.08 Billion | $2.36 Billion | $3.46 Billion | ▲ +48.1% |
| 2012 | 0.60x | $2.64 Billion | $1.86 Billion | $4.40 Billion | ▲ +3.2% |
| 2011 | 0.58x | $2.15 Billion | $1.28 Billion | $3.69 Billion | ▲ +29.1% |
| 2010 | 0.45x | $1.72 Billion | $870.82 Million | $3.81 Billion | ▼ -51.9% |
| 2009 | 0.94x | $3.52 Billion | $3.06 Billion | $3.76 Billion | ▲ +214.1% |
| 2008 | 0.30x | $1.91 Billion | $1.47 Billion | $6.40 Billion | ▼ -6.8% |
| 2007 | 0.32x | $2.47 Billion | $2.02 Billion | $7.71 Billion | ▼ -2.1% |
| 2006 | 0.33x | $2.25 Billion | $1.81 Billion | $6.89 Billion | ▼ -39.4% |
| 2005 | 0.54x | $1.58 Billion | $1.30 Billion | $2.93 Billion | ▲ +474.6% |
| 2004 | 0.09x | $281.60 Million | $98.29 Million | $3.00 Billion | ▼ -49.7% |
| 2003 | 0.19x | $438.26 Million | $275.64 Million | $2.35 Billion | ▼ -32.0% |
| 2002 | 0.27x | $586.04 Million | $461.44 Million | $2.14 Billion | ▼ -24.7% |
| 2001 | 0.36x | $744.24 Million | $544.23 Million | $2.04 Billion | ▲ +31.1% |
| 2000 | 0.28x | $500.05 Million | $274.19 Million | $1.80 Billion | — |