Tenaris SA ADR (TS) — Working Capital to Net Assets Ratio
Tenaris SA ADR (TS) has a Working Capital to Net Assets ratio of 42.0% as of March 2026. Working capital of $7.28 Billion (current assets of $9.60 Billion minus current liabilities of $2.32 Billion) is measured against net assets of $17.35 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Tenaris SA ADR (TS) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tenaris SA ADR Working Capital to Net Assets (2001–2025)
This chart shows how Tenaris SA ADR's Working Capital to Net Assets ratio has evolved across 25 annual periods from 2001 to 2025. As of March 2026, the ratio stands at 42.0%, reflecting working capital of $7.28 Billion against net assets of $17.35 Billion USD. Check Tenaris SA ADR (TS) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Tenaris SA ADR (2001–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tenaris SA ADR from 2001 to 2025, covering 25 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Tenaris SA ADR market cap and net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 40.0% | $6.73 Billion | $16.83 Billion | $9.07 Billion | $2.35 Billion | ▲ +0.7 pp |
| 2024 | 39.3% | $6.60 Billion | $16.81 Billion | $9.24 Billion | $2.64 Billion | ▼ -5.4 pp |
| 2023 | 44.6% | $7.60 Billion | $17.03 Billion | $10.50 Billion | $2.90 Billion | ▲ +4.2 pp |
| 2022 | 40.5% | $5.68 Billion | $14.03 Billion | $8.47 Billion | $2.79 Billion | ▲ +12.2 pp |
| 2021 | 28.3% | $3.42 Billion | $12.11 Billion | $4.98 Billion | $1.56 Billion | ▲ +1.0 pp |
| 2020 | 27.3% | $3.12 Billion | $11.45 Billion | $4.29 Billion | $1.17 Billion | ▼ -4.7 pp |
| 2019 | 31.9% | $3.89 Billion | $12.19 Billion | $5.67 Billion | $1.78 Billion | ▲ +0.4 pp |
| 2018 | 31.5% | $3.75 Billion | $11.88 Billion | $5.46 Billion | $1.72 Billion | ▲ +3.0 pp |
| 2017 | 28.6% | $3.31 Billion | $11.58 Billion | $5.38 Billion | $2.07 Billion | ▲ +0.2 pp |
| 2016 | 28.4% | $3.24 Billion | $11.41 Billion | $4.97 Billion | $1.73 Billion | ▼ -5.2 pp |
| 2015 | 33.6% | $3.99 Billion | $11.87 Billion | $5.74 Billion | $1.75 Billion | ▼ -3.3 pp |
| 2014 | 37.0% | $4.79 Billion | $12.97 Billion | $7.40 Billion | $2.60 Billion | ▼ -1.6 pp |
| 2013 | 38.5% | $4.81 Billion | $12.47 Billion | $6.93 Billion | $2.12 Billion | ▲ +2.6 pp |
| 2012 | 36.0% | $4.16 Billion | $11.56 Billion | $6.99 Billion | $2.83 Billion | ▲ +0.3 pp |
| 2011 | 35.7% | $3.99 Billion | $11.17 Billion | $6.39 Billion | $2.40 Billion | ▲ +1.8 pp |
| 2010 | 33.9% | $3.58 Billion | $10.55 Billion | $5.96 Billion | $2.38 Billion | ▼ -3.7 pp |
| 2009 | 37.6% | $3.65 Billion | $9.72 Billion | $5.62 Billion | $1.97 Billion | ▼ -2.2 pp |
| 2008 | 39.8% | $3.46 Billion | $8.70 Billion | $7.25 Billion | $3.79 Billion | ▲ +2.6 pp |
| 2007 | 37.2% | $2.80 Billion | $7.53 Billion | $5.86 Billion | $3.06 Billion | ▼ -20.0 pp |
| 2006 | 57.2% | $3.26 Billion | $5.70 Billion | $6.03 Billion | $2.77 Billion | ▲ +2.3 pp |
| 2005 | 54.9% | $2.07 Billion | $3.78 Billion | $3.77 Billion | $1.70 Billion | ▲ +16.9 pp |
| 2004 | 38.0% | $1.01 Billion | $2.66 Billion | $3.01 Billion | $2.00 Billion | ▲ +2.0 pp |
| 2003 | 36.1% | $707.22 Million | $1.96 Billion | $2.04 Billion | $1.33 Billion | ▲ +3.8 pp |
| 2002 | 32.3% | $607.30 Million | $1.88 Billion | $1.81 Billion | $1.20 Billion | ▲ +2.5 pp |
| 2001 | 29.8% | $534.22 Million | $1.79 Billion | $1.62 Billion | $1.08 Billion | — |