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. For the complete balance sheet picture, see TS total asset value.
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. Explore Tenaris SA ADR capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. Explore long-term investment intensity of Tenaris SA ADR to see how much of total assets are deployed in long-term investments.
| 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 | — |