Tenaris Net Tangible Assets vs Net Debt Analysis

TS Stock

USD 37.67 0.25 0.67%

Tenaris SA financial indicator trend analysis is much more than just breaking down Tenaris SA ADR prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tenaris SA ADR is a good investment. Please check the relationship between Tenaris SA Net Tangible Assets and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenaris SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tenaris SA ADR Net Tangible Assets account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Tenaris SA's Net Tangible Assets and Net Debt is -0.77. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Tenaris SA ADR, assuming nothing else is changed. The correlation between historical values of Tenaris SA's Net Tangible Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Tenaris SA ADR are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Tangible Assets i.e., Tenaris SA's Net Tangible Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.77

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Tenaris SA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tenaris SA ADR current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenaris SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Tenaris SA's Discontinued Operations is comparatively stable compared to the past year. Tax Provision is likely to gain to about 1.2 B in 2024, whereas Enterprise Value Over EBITDA is likely to drop 3.52 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.9B	4.7B	6.2B	6.5B
Total Revenue	6.5B	11.8B	14.9B	8.3B

Gross Profit Total Revenue

Tenaris SA fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Property Plant Equipment	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Current Assets	Short Long Term Debt Total	Net Debt	Retained Earnings	Cash And Short Term Investments	Net Receivables
Total Assets		0.7	0.77	0.98	0.33	0.74	0.49	0.45	-0.35	0.62	0.85	0.4	0.72	0.17	0.68	0.66	0.92	-0.41	0.78	0.17	0.92	0.15	-0.3	0.96	0.56	0.77
Other Current Liab	0.7		0.8	0.61	-0.18	0.79	0.47	0.13	-0.12	0.57	0.79	0.17	0.73	0.38	0.17	0.16	0.52	-0.32	0.56	0.29	0.78	0.28	-0.26	0.57	0.39	0.85
Total Current Liabilities	0.77	0.8		0.64	-0.11	0.87	0.53	0.07	-0.17	0.59	0.87	0.53	0.92	0.35	0.14	0.12	0.51	-0.35	0.51	0.34	0.9	0.45	-0.23	0.6	0.52	0.92
Total Stockholder Equity	0.98	0.61	0.64		0.45	0.65	0.42	0.52	-0.42	0.54	0.79	0.33	0.59	0.06	0.8	0.78	0.95	-0.34	0.78	0.02	0.85	0.03	-0.28	0.99	0.49	0.67
Other Liab	0.33	-0.18	-0.11	0.45		-0.14	-0.01	0.3	-0.43	-0.07	-0.01	0.05	-0.18	-0.36	0.73	0.73	0.49	0.02	0.38	-0.35	0.13	-0.25	-0.07	0.5	0.31	-0.17
Accounts Payable	0.74	0.79	0.87	0.65	-0.14		0.46	0.06	-0.27	0.41	0.96	0.27	0.74	0.24	0.2	0.17	0.5	-0.32	0.45	0.08	0.86	0.07	-0.36	0.63	0.31	0.91
Cash	0.49	0.47	0.53	0.42	-0.01	0.46		0.01	-0.27	0.18	0.53	0.27	0.38	-0.05	0.22	0.21	0.35	-0.74	0.45	0.17	0.59	0.24	-0.84	0.43	0.67	0.53
Other Assets	0.45	0.13	0.07	0.52	0.3	0.06	0.01		-0.42	0.56	0.14	-0.1	0.04	0.13	0.63	0.66	0.7	-0.02	0.72	-0.11	0.15	-0.03	0.04	0.51	0.15	0.0
Long Term Debt	-0.35	-0.12	-0.17	-0.42	-0.43	-0.27	-0.27	-0.42		-0.06	-0.29	0.11	0.13	0.23	-0.51	-0.52	-0.37	0.05	-0.4	0.66	-0.3	0.52	0.52	-0.46	-0.34	-0.17
Good Will	0.62	0.57	0.59	0.54	-0.07	0.41	0.18	0.56	-0.06		0.45	0.22	0.67	0.74	0.21	0.22	0.64	-0.3	0.71	0.48	0.5	0.46	0.15	0.46	0.25	0.51
Inventory	0.85	0.79	0.87	0.79	-0.01	0.96	0.53	0.14	-0.29	0.45		0.27	0.75	0.17	0.37	0.34	0.64	-0.36	0.54	0.07	0.92	0.09	-0.4	0.77	0.35	0.94
Other Current Assets	0.4	0.17	0.53	0.33	0.05	0.27	0.27	-0.1	0.11	0.22	0.27		0.57	-0.03	0.07	0.05	0.25	-0.28	0.19	0.41	0.49	0.47	0.01	0.32	0.53	0.4
Total Liab	0.72	0.73	0.92	0.59	-0.18	0.74	0.38	0.04	0.13	0.67	0.75	0.57		0.53	0.05	0.02	0.49	-0.3	0.41	0.61	0.83	0.58	-0.01	0.53	0.42	0.85
Intangible Assets	0.17	0.38	0.35	0.06	-0.36	0.24	-0.05	0.13	0.23	0.74	0.17	-0.03	0.53		-0.3	-0.31	0.12	-0.14	0.17	0.58	0.18	0.34	0.26	-0.04	-0.07	0.29
Property Plant Equipment	0.68	0.17	0.14	0.8	0.73	0.2	0.22	0.63	-0.51	0.21	0.37	0.07	0.05	-0.3		1.0	0.85	-0.2	0.67	-0.36	0.42	-0.19	-0.21	0.84	0.29	0.15
Property Plant And Equipment Net	0.66	0.16	0.12	0.78	0.73	0.17	0.21	0.66	-0.52	0.22	0.34	0.05	0.02	-0.31	1.0		0.84	-0.19	0.7	-0.37	0.38	-0.18	-0.21	0.82	0.29	0.12
Non Current Assets Total	0.92	0.52	0.51	0.95	0.49	0.5	0.35	0.7	-0.37	0.64	0.64	0.25	0.49	0.12	0.85	0.84		-0.36	0.89	0.07	0.7	0.1	-0.18	0.94	0.46	0.5
Non Currrent Assets Other	-0.41	-0.32	-0.35	-0.34	0.02	-0.32	-0.74	-0.02	0.05	-0.3	-0.36	-0.28	-0.3	-0.14	-0.2	-0.19	-0.36		-0.49	-0.32	-0.41	-0.2	0.62	-0.33	-0.54	-0.37
Common Stock Shares Outstanding	0.78	0.56	0.51	0.78	0.38	0.45	0.45	0.72	-0.4	0.71	0.54	0.19	0.41	0.17	0.67	0.7	0.89	-0.49		0.11	0.58	0.21	-0.26	0.76	0.56	0.45
Non Current Liabilities Total	0.17	0.29	0.34	0.02	-0.35	0.08	0.17	-0.11	0.66	0.48	0.07	0.41	0.61	0.58	-0.36	-0.37	0.07	-0.32	0.11		0.24	0.68	0.2	-0.04	0.33	0.27
Total Current Assets	0.92	0.78	0.9	0.85	0.13	0.86	0.59	0.15	-0.3	0.5	0.92	0.49	0.83	0.18	0.42	0.38	0.7	-0.41	0.58	0.24		0.18	-0.4	0.83	0.61	0.92
Short Long Term Debt Total	0.15	0.28	0.45	0.03	-0.25	0.07	0.24	-0.03	0.52	0.46	0.09	0.47	0.58	0.34	-0.19	-0.18	0.1	-0.2	0.21	0.68	0.18		0.3	-0.03	0.22	0.23
Net Debt	-0.3	-0.26	-0.23	-0.28	-0.07	-0.36	-0.84	0.04	0.52	0.15	-0.4	0.01	-0.01	0.26	-0.21	-0.21	-0.18	0.62	-0.26	0.2	-0.4	0.3		-0.33	-0.54	-0.35
Retained Earnings	0.96	0.57	0.6	0.99	0.5	0.63	0.43	0.51	-0.46	0.46	0.77	0.32	0.53	-0.04	0.84	0.82	0.94	-0.33	0.76	-0.04	0.83	-0.03	-0.33		0.51	0.63
Cash And Short Term Investments	0.56	0.39	0.52	0.49	0.31	0.31	0.67	0.15	-0.34	0.25	0.35	0.53	0.42	-0.07	0.29	0.29	0.46	-0.54	0.56	0.33	0.61	0.22	-0.54	0.51		0.41
Net Receivables	0.77	0.85	0.92	0.67	-0.17	0.91	0.53	0.0	-0.17	0.51	0.94	0.4	0.85	0.29	0.15	0.12	0.5	-0.37	0.45	0.27	0.92	0.23	-0.35	0.63	0.41

Click cells to compare fundamentals

Tenaris SA Account Relationship Matchups

Tenaris SA fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.8B	13.7B	14.4B	17.6B	21.1B	13.8B
Other Current Liab	322.7M	521.5M	326.6M	849.1M	613.2M	588.5M
Total Current Liabilities	1.8B	1.2B	1.6B	2.8B	2.9B	2.3B
Total Stockholder Equity	12.0B	11.3B	12.0B	13.9B	16.8B	9.6B
Other Liab	643.0M	573.7M	590.0M	597.3M	686.9M	480.3M
Accounts Payable	555.9M	462.1M	845.3M	1.2B	1.1B	779.6M
Cash	1.6B	584.7M	318.1M	1.1B	1.6B	1.7B
Other Assets	382.8M	359.9M	458.5M	208.9M	240.2M	327.3M
Long Term Debt	40.9M	315.7M	111.4M	46.4M	48.3M	45.9M
Good Will	1.3B	1.1B	1.1B	1.1B	1.1B	1.3B
Inventory	2.3B	1.6B	2.7B	4.0B	4.0B	2.4B
Other Current Assets	75.9M	26.5M	21.9M	72.7M	214.9M	116.3M
Total Liab	2.7B	2.3B	2.3B	3.5B	4.1B	2.8B
Intangible Assets	241.3M	343.1M	287.5M	247.5M	273.4M	259.7M
Property Plant Equipment	6.3B	6.4B	5.9B	5.7B	6.5B	4.5B
Property Plant And Equipment Net	6.3B	6.4B	5.9B	5.7B	6.2B	4.8B
Non Current Assets Total	9.2B	9.4B	9.5B	9.1B	10.6B	8.2B
Non Currrent Assets Other	157.1M	154.3M	213.0M	211.7M	80.5M	76.5M
Liabilities And Stockholders Equity	14.8B	13.7B	14.4B	17.6B	21.1B	14.2B
Non Current Liabilities Total	876.2M	1.1B	784.1M	727.4M	1.1B	1.2B
Total Current Assets	5.7B	4.3B	5.0B	8.5B	10.5B	6.0B
Short Long Term Debt Total	1.1B	876.4M	448.2M	840.9M	717.9M	1.1B
Net Debt	(502.0M)	291.7M	130.1M	(250.6M)	(920.0M)	(874.0M)
Retained Earnings	11.4B	10.7B	11.4B	13.5B	16.7B	9.1B
Cash And Short Term Investments	1.8B	1.5B	716.0M	1.5B	3.6B	3.8B
Net Receivables	1.6B	1.1B	1.5B	2.8B	2.8B	1.9B
Property Plant And Equipment Gross	6.3B	6.4B	14.7B	14.6B	15.6B	16.4B
Accumulated Other Comprehensive Income	(1.2B)	(1.2B)	(1.3B)	(1.3B)	(1.5B)	(1.4B)
Short Term Debt	819.1M	43.6M	151.9M	140.7M	573.0M	581.4M
Short Term Investments	210.4M	872.5M	397.8M	438.4M	2.0B	2.1B
Current Deferred Revenue	82.7M	48.7M	92.4M	242.9M	263.7M	276.8M
Net Tangible Assets	10.4B	9.8B	10.6B	12.6B	14.5B	11.2B
Long Term Investments	904.9M	1.2B	1.7B	1.7B	2.0B	1.2B
Short Long Term Debt	14K	98K	60K	94K	21.2M	20.2M
Long Term Debt Total	233.2M	529.6M	194.1M	130.0M	149.6M	193.3M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Tenaris Stock Analysis

When running Tenaris SA's price analysis, check to measure Tenaris SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tenaris SA is operating at the current time. Most of Tenaris SA's value examination focuses on studying past and present price action to predict the probability of Tenaris SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tenaris SA's price. Additionally, you may evaluate how the addition of Tenaris SA to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC