Tower Cash and Equivalents vs Current Assets Analysis

Stocks . Israel . 
Stock . Tower Semiconductor
TSEM Stock  ILA 14,140  60.00  0.43%   
Tower Semiconductor financial indicator trend analysis is much more than just breaking down Tower Semiconductor prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tower Semiconductor is a good investment. Please check the relationship between Tower Semiconductor Cash and Equivalents and its Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tower Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. For information on how to trade Tower Stock refer to our How to Trade Tower Stock guide.

Cash and Equivalents vs Current Assets

Cash and Equivalents vs Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tower Semiconductor Cash and Equivalents account and Current Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Tower Semiconductor's Cash and Equivalents and Current Assets is 1.0. Overlapping area represents the amount of variation of Cash and Equivalents that can explain the historical movement of Current Assets in the same time period over historical financial statements of Tower Semiconductor, assuming nothing else is changed. The correlation between historical values of Tower Semiconductor's Cash and Equivalents and Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash and Equivalents of Tower Semiconductor are associated (or correlated) with its Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Assets has no effect on the direction of Cash and Equivalents i.e., Tower Semiconductor's Cash and Equivalents and Current Assets go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cash and Equivalents

A component of Total Assets representing the amount of currency on hand as well as demand deposits with banks or financial institutions. Where this item is not contained on the company consolidated financial statements and cannot otherwise be imputed the value of 0 is used.

Current Assets

Current assets of Tower Semiconductor include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Tower Semiconductor. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.
Most indicators from Tower Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tower Semiconductor 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 Tower Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. For information on how to trade Tower Stock refer to our How to Trade Tower Stock guide.
 2020 2021 2022 2023 (projected)
Weighted Average Shares107.25 M108.28 M97.45 M80.4 M
Revenues1.27 B1.51 B1.36 B1.14 B

Tower Semiconductor fundamental ratios Correlations

Click cells to compare fundamentals

Tower Semiconductor Account Relationship Matchups

High Positive Relationship

Cash and Equivalents
Current Assets
Current Assets
Inventories
Current Assets
Total Assets
Cash and Equivalents
Total Assets
Cash and Equivalents
Inventories
Total Assets
Inventories

High Negative Relationship

Total Liabilities
Accounts Payable
Total Liabilities
Receivables
Total Liabilities
Total Assets

Tower Semiconductor fundamental ratios Accounts

201820192020202120222023 (projected)
Inventories170.78 M192.26 M199.13 M234.51 M211.06 M227.72 M
Receivables153.41 M126.97 M180.9 M142.23 M128.01 M118.1 M
Accounts Payable104.33 M119.2 M96.94 M78.71 M70.84 M76.31 M
Total Assets1.79 B1.93 B2.09 B2.23 B2.01 B1.62 B
Current Assets987.96 M1.09 B1.1 B1.2 B1.08 B1.16 B
Cash and Equivalents641.02 M747.24 M710.88 M764.65 M688.18 M742.51 M
Shareholders Equity Attributable to Parent1.24 B1.35 B1.46 B1.62 B1.46 B1.58 B
Total Liabilities547.01 M578.29 M636.34 M609.23 M700.62 M729.24 M
Current Liabilities203.72 M253.06 M272.91 M276.33 M248.7 M231.12 M

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tower Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. For information on how to trade Tower Stock refer to our How to Trade Tower Stock guide. You can also try the CEO Directory module to screen CEOs from public companies around the world.

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Please note, there is a significant difference between Tower Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tower Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tower Semiconductor's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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