Tower Current Assets vs Total Liabilities 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 Current Assets and its Total Liabilities 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.
Current Assets vs Total Liabilities
Current Assets vs Total Liabilities 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 Total Liabilities. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Tower Semiconductor's Current Assets and Total Liabilities is 0.12. Overlapping area represents the amount of variation of Current Assets that can explain the historical movement of Total Liabilities 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 Total Liabilities 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 Total Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liabilities has no effect on the direction of Current Assets i.e., Tower Semiconductor's Current Assets and Total Liabilities go up and down completely randomly.
Correlation Coefficient | 0.12 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
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.Total Liabilities
Deferred Income Tax is recorded on Tower Semiconductor balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Tower Semiconductor books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are [Debt]; [DeferredRev]; [Payables]; Deposit Liabilities; and Tax Liabilities.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
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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 |
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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 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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