Tower Cash and Equivalents vs Total Assets Analysis
| TSEM Stock | ILA 9,321 145.00 1.53% |
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 Total 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 signals in industry. For information on how to trade Tower Stock refer to our How to Trade Tower Stock guide.
Cash and Equivalents vs Total Assets
Cash and Equivalents vs Total 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 Total Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Tower Semiconductor's Cash and Equivalents and Total Assets is 0.99. Overlapping area represents the amount of variation of Cash and Equivalents that can explain the historical movement of Total 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 Total 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 Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash and Equivalents i.e., Tower Semiconductor's Cash and Equivalents and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very 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.Total Assets
Total assets refers to the total amount of Tower Semiconductor assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Tower Semiconductor books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; [Intangibles]; [PPNENet]; [TaxAssets] and [Receivables].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 signals in industry. For information on how to trade Tower Stock refer to our How to Trade Tower Stock guide.
| 2020 | 2021 | 2022 | 2023 (projected) | Weighted Average Shares | 107.25 M | 108.28 M | 109.35 M | 87.96 M | Revenues | 1.27 B | 1.51 B | 1.68 B | 1.33 B |
Tower Semiconductor fundamental ratios Correlations
Click cells to compare fundamentals
Tower Semiconductor Account Relationship Matchups
Tower Semiconductor fundamental ratios Accounts
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Inventories | 170.78 M | 192.26 M | 199.13 M | 234.51 M | 302.11 M | 325.96 M | |
| Receivables | 153.41 M | 126.97 M | 180.9 M | 142.23 M | 177.47 M | 145.98 M | |
| Accounts Payable | 104.33 M | 119.2 M | 96.94 M | 78.71 M | 150.93 M | 120.35 M | |
| Total Assets | 1.79 B | 1.93 B | 2.09 B | 2.23 B | 2.55 B | 2.75 B | |
| Current Assets | 987.96 M | 1.09 B | 1.1 B | 1.2 B | 1.5 B | 1.61 B | |
| Cash and Equivalents | 641.02 M | 747.24 M | 710.88 M | 764.65 M | 1.01 B | 1.09 B | |
| Shareholders Equity Attributable to Parent | 1.24 B | 1.35 B | 1.46 B | 1.62 B | 1.46 B | 1.58 B | |
| Total Liabilities | 547.01 M | 578.29 M | 636.34 M | 609.23 M | 656.43 M | 707.49 M | |
| Current Liabilities | 203.72 M | 253.06 M | 272.91 M | 276.33 M | 387.39 M | 308.95 M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Tower Semiconductor in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Tower Semiconductor's short interest history, or implied volatility extrapolated from Tower Semiconductor options trading.
Currently Active Assets on Macroaxis
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 signals in industry. For information on how to trade Tower Stock refer to our How to Trade Tower Stock guide. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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When running Tower Semiconductor's price analysis, check to measure Tower Semiconductor'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 Tower Semiconductor is operating at the current time. Most of Tower Semiconductor's value examination focuses on studying past and present price action to predict the probability of Tower Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tower Semiconductor's price. Additionally, you may evaluate how the addition of Tower Semiconductor to your portfolios can decrease your overall portfolio volatility.
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