Tenaris S.A.
2.11 %
-6.74 %
Yet to be announced
Company Overview
Tenaris S.A. is a global manufacturer and supplier of steel pipe products and related services for the world's energy industry and other industrial applications. The company produces and sells a wide range of products including casing, tubing, line pipe, and mechanical and structural pipes. Tenaris serves the oil and gas, energy, and mechanical engineering industries.
The company's main business involves manufacturing seamless and welded steel pipe products and related services for the energy industry, specifically for oil and gas drilling, transportation, and processing, as well as for other industrial applications.
Revenue Sources
PassBased on Tenaris's financial reports and business operations, their revenue primarily comes from manufacturing and selling steel pipe products and related services to the energy and industrial sectors. These activities are halal as they involve the production and trade of legitimate goods and services. There is no evidence of revenue from prohibited sources such as alcohol, gambling, or other haram activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
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After reviewing Tenaris's financial statements, the company's interest expense and income ratios are both well below the 5% threshold relative to total revenue and expenses. The company maintains a strong balance sheet with relatively low leverage, and interest is not a material component of their business model.
Operational Ethics
PassBased on available information from company reports and public sources, Tenaris does not maintain significant ongoing associations with entities involved in human rights violations. While the company operates globally, there is no evidence of material ongoing relationships with the state of Israel or substantial involvement with the Chinese Communist Party.
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