• Tenaris S.A average current ratio for 2023 was 3.69, a 30.85% decline from 2022.
• Tenaris S.A average current ratio for 2022 was 2.82, a 11.88% increase from 2021.
• Tenaris S.A average current ratio for 2021 was 3.2, a 5.04% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.