TSTenaris S.A.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (AA) and typical volatility.
Net cash and profitable. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -76% · now 10% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can TS take a bad year?
Tenaris S.A. holds $526M more cash than debt, so a bad year is a question about profits, not about lenders.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Interest cover
- 48.6×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 30%
Annualised volatility · about as steady as the market itself
Details›
- Total debtFY2025
- $306M
- Cash and short-term investments
- $832M
- Net cash
- $526M
- EBITDA, trailing twelve months
- $2.78B
- Operating profit, trailing twelve months
- $2.28B
- Debt / equity
- 0.02×
- Total debt / EBITDA
- 0.11×
- Annualised volatilitytwo years of daily moves
- 30%
- Worst drawdown on file
- −76%
- Below its 52-week high
- 10%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Equipment & Services
Ranks #2 of 29 by RyuScore