Tower Current Assets vs Cash and Equivalents Analysis

TSEM Stock

ILA 14,080 30.00 0.21%

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 Current Assets and its Cash and Equivalents 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.

Current Assets vs Cash and Equivalents

Current Assets vs Cash and Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tower Semiconductor Current Assets account and Cash and Equivalents. At this time, the significance of the direction appears to have totally related.

The correlation between Tower Semiconductor's Current Assets and Cash and Equivalents is 1.0. Overlapping area represents the amount of variation of Current Assets that can explain the historical movement of Cash and Equivalents 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 Current Assets and Cash and Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Assets of Tower Semiconductor are associated (or correlated) with its Cash and Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash and Equivalents has no effect on the direction of Current Assets i.e., Tower Semiconductor's Current Assets and Cash and Equivalents go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

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.

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 Shares	107.25 M	108.28 M	97.45 M	80.4 M
Revenues	1.27 B	1.51 B	1.36 B	1.14 B

Weighted Average Shares Revenues

Tower Semiconductor fundamental ratios Correlations

Tower Semiconductor Account Relationship Matchups

High Positive Relationship

Cash and Equivalents	+ 1.0	Current Assets
Current Assets	+ 0.98	Inventories
Current Assets	+ 0.97	Total Assets
Cash and Equivalents	+ 0.97	Total Assets
Cash and Equivalents	+ 0.96	Inventories
Total Assets	+ 0.94	Inventories

High Negative Relationship

Total Liabilities	- 0.21	Accounts Payable
Total Liabilities	- 0.15	Receivables
Total Liabilities	- 0.0	Total Assets

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	211.06 M	227.72 M
Receivables	153.41 M	126.97 M	180.9 M	142.23 M	128.01 M	118.1 M
Accounts Payable	104.33 M	119.2 M	96.94 M	78.71 M	70.84 M	76.31 M
Total Assets	1.79 B	1.93 B	2.09 B	2.23 B	2.01 B	1.62 B
Current Assets	987.96 M	1.09 B	1.1 B	1.2 B	1.08 B	1.16 B
Cash and Equivalents	641.02 M	747.24 M	710.88 M	764.65 M	688.18 M	742.51 M
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	700.62 M	729.24 M
Current Liabilities	203.72 M	253.06 M	272.91 M	276.33 M	248.7 M	231.12 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.

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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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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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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	Inventories	Receivables	Accounts Payable	Total Assets	Current Assets	Cash and Equivalents	Total Liabilities	Current Liabilities
Inventories		0.75	0.18	0.94	0.98	0.96	0.1	0.38
Receivables	0.75		0.43	0.83	0.79	0.77	-0.15	0.44
Accounts Payable	0.18	0.43		0.26	0.2	0.19	-0.21	0.34
Total Assets	0.94	0.83	0.26		0.97	0.97	0.0	0.47
Current Assets	0.98	0.79	0.2	0.97		1.0	0.06	0.42
Cash and Equivalents	0.96	0.77	0.19	0.97	1.0		0.05	0.43
Total Liabilities	0.1	-0.15	-0.21	0.0	0.06	0.05		0.46
Current Liabilities	0.38	0.44	0.34	0.47	0.42	0.43	0.46

Tower Current Assets vs Cash and Equivalents Analysis

Current Assets vs Cash and Equivalents

Current Assets vs Cash and Equivalents Correlation Analysis

Correlation Coefficient

Current Assets

Cash and Equivalents

Tower Semiconductor fundamental ratios Correlations

Tower Semiconductor Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tower Semiconductor fundamental ratios Accounts

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