Tenaris Long Term Debt vs Capital Surpluse Analysis

TS Stock

USD 32.00 0.25 0.78%

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 Long Term Debt and its Capital Surpluse 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.

Long Term Debt vs Capital Surpluse

Long Term Debt vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tenaris SA ADR Long Term Debt account and Capital Surpluse. At this time, the significance of the direction appears to have very week relationship.

The correlation between Tenaris SA's Long Term Debt and Capital Surpluse is 0.26. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Capital Surpluse 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 Long Term Debt and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Tenaris SA ADR are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Long Term Debt i.e., Tenaris SA's Long Term Debt and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Tenaris SA ADR has held for over one year. Long-term debt appears on Tenaris SA ADR balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Tenaris SA ADR balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Capital Surpluse

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 Selling General Administrative is likely to drop slightly above 872.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.9B	4.7B	6.2B	3.1B
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		0.8	0.77	0.98	0.33	0.74	0.49	0.45	-0.35	0.62	0.85	0.41	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	0.8		0.9	0.69	-0.11	0.86	0.59	0.09	-0.22	0.52	0.87	0.36	0.84	0.34	0.19	0.16	0.55	-0.5	0.5	0.36	0.93	0.17	-0.43	0.66	0.6	0.92
Total Current Liabilities	0.77	0.9		0.64	-0.11	0.87	0.53	0.07	-0.17	0.59	0.87	0.49	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	0.69	0.64		0.45	0.65	0.42	0.52	-0.42	0.54	0.79	0.36	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	-0.11	-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	-0.16
Accounts Payable	0.74	0.86	0.87	0.65	-0.14		0.46	0.06	-0.27	0.41	0.96	0.29	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	0.92
Cash	0.49	0.59	0.53	0.42	-0.01	0.46		0.01	-0.27	0.18	0.53	0.21	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	0.09	0.07	0.52	0.3	0.06	0.01		-0.42	0.56	0.14	-0.04	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	-0.22	-0.17	-0.42	-0.43	-0.27	-0.27	-0.42		-0.06	-0.29	0.18	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	0.52	0.59	0.54	-0.07	0.41	0.18	0.56	-0.06		0.45	0.2	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	0.5
Inventory	0.85	0.87	0.87	0.79	-0.01	0.96	0.53	0.14	-0.29	0.45		0.28	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	0.41	0.36	0.49	0.36	0.05	0.29	0.21	-0.04	0.18	0.2	0.28		0.52	-0.11	0.14	0.13	0.31	-0.18	0.26	0.35	0.45	0.5	0.08	0.36	0.43	0.37
Total Liab	0.72	0.84	0.92	0.59	-0.18	0.74	0.38	0.04	0.13	0.67	0.75	0.52		0.53	0.05	0.02	0.49	-0.3	0.41	0.61	0.83	0.58	-0.01	0.53	0.42	0.84
Intangible Assets	0.17	0.34	0.35	0.06	-0.36	0.24	-0.05	0.13	0.23	0.74	0.17	-0.11	0.53		-0.3	-0.31	0.12	-0.14	0.17	0.58	0.18	0.34	0.26	-0.04	-0.07	0.28
Property Plant Equipment	0.68	0.19	0.14	0.8	0.73	0.2	0.22	0.63	-0.51	0.21	0.37	0.14	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	0.13	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	0.55	0.51	0.95	0.49	0.5	0.35	0.7	-0.37	0.64	0.64	0.31	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	-0.5	-0.35	-0.34	0.02	-0.32	-0.74	-0.02	0.05	-0.3	-0.36	-0.18	-0.3	-0.14	-0.2	-0.19	-0.36		-0.49	-0.32	-0.41	-0.2	0.62	-0.33	-0.54	-0.36
Common Stock Shares Outstanding	0.78	0.5	0.51	0.78	0.38	0.45	0.45	0.72	-0.4	0.71	0.54	0.26	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	0.36	0.34	0.02	-0.35	0.08	0.17	-0.11	0.66	0.48	0.07	0.35	0.61	0.58	-0.36	-0.37	0.07	-0.32	0.11		0.24	0.68	0.2	-0.04	0.33	0.26
Total Current Assets	0.92	0.93	0.9	0.85	0.13	0.86	0.59	0.15	-0.3	0.5	0.92	0.45	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	0.17	0.45	0.03	-0.25	0.07	0.24	-0.03	0.52	0.46	0.09	0.5	0.58	0.34	-0.19	-0.18	0.1	-0.2	0.21	0.68	0.18		0.3	-0.03	0.22	0.22
Net Debt	-0.3	-0.43	-0.23	-0.28	-0.07	-0.36	-0.84	0.04	0.52	0.15	-0.4	0.08	-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	0.66	0.6	0.99	0.5	0.63	0.43	0.51	-0.46	0.46	0.77	0.36	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	0.6	0.52	0.49	0.31	0.31	0.67	0.15	-0.34	0.25	0.35	0.43	0.42	-0.07	0.29	0.29	0.46	-0.54	0.56	0.33	0.61	0.22	-0.54	0.51		0.4
Net Receivables	0.77	0.92	0.92	0.67	-0.16	0.92	0.53	0.0	-0.17	0.5	0.94	0.37	0.84	0.28	0.15	0.12	0.5	-0.36	0.45	0.26	0.92	0.22	-0.35	0.63	0.4

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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	308.9M	367.9M	655.2M	957.8M	587.6M
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	87.3M	65.9M	130.8M	166.5M	120.1M
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	346.8M	254.1M	710.9M	573.0M	616.8M
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

Pair Trading with Tenaris SA

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tenaris SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tenaris SA will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tenaris Stock

0.76

DNOW

Now Inc

Pair Corr

Moving against Tenaris Stock

0.8	DTI	Drilling Tools Inter Symbol Change	Pair Corr
0.69	SND	Smart Sand	Pair Corr
0.67	VTOL	Bristow Group	Pair Corr
0.63	DWSN	Dawson Geophysical	Pair Corr
0.48	TDW	Tidewater	Pair Corr

The ability to find closely correlated positions to Tenaris SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tenaris SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tenaris SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tenaris SA ADR to buy it.

The correlation of Tenaris SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tenaris SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tenaris SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Tenaris SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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.

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