• Tenaris S.A average quick ratio for 2023 was 2.21, a 54.55% increase from 2022.
• Tenaris S.A average quick ratio for 2022 was 1.43, a 13.86% increase from 2021.
• Tenaris S.A average quick ratio for 2021 was 1.66, a 17% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.