Tower Semiconductor Balance Sheet - Quarterly (NASDAQ:TSEM)

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$22.83 $0.68 (3.07%) TSEM stock closing price Jun 22, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at Tower Semiconductor balance sheet. How cash on hand has increased or decreased is one of the many indicators used while undertaking the Tower Semiconductor stock analysis, and provides insights into the firm's financial performance. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Tower Semiconductor had a long term debt of $229.01M at the end of 2018 Q1. To understand the debt servicing capacity of the company, one needs to look at Tower Semiconductor operating cash flow and Tower Semiconductor revenue also. Tower Semiconductor debt to equity ratio is 0.32.

View and download Tower Semiconductor quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash464.66M445.96M480.4M483.6M432.11M355.28M362.83M311.06M244.57M175.57M
Marketable Securities125.1M113.87M49.73M--34.09M---30M
Receivables144.35M149.66M150.03M150.73M133.53M141.04M137.91M140.83M132.28M117.44M
Inventory148.36M143.31M143.3M139.01M140.73M137.53M143.09M136.12M128.03M105.68M
Raw Materials-48.22M---26.29M---27.84M
Work In Progress-92.76M---105.56M---73.43M
Finished Goods-2.33M---5.67M---4.39M
Notes Receivable----------
Other Current Assets19.17M21.51M21.46M34.39M27.23M30.04M23.91M21.58M16.66M18.03M
Total Current Assets
901.66M874.33M844.94M807.73M733.62M697.99M667.75M609.6M521.55M446.72M
Property Plant & Equipment-2.63B---2.43B---2.1B
Accumulated Depreciation-1.99B---1.81B---1.64B
Net Property Plant & Equipment
652.81M635.12M633.1M628.27M629.55M616.68M643.04M625.16M582.25M459.53M
Investment & Advances28.79M26.07M27.09M27.29M26.66M25.62M24.61M11.86M11.81M11.73M
Other Non-Current Assets----------
Deferred Charges110.77M111.26M--------
Intangibles25.47M26.84M28.62M30.84M33.16M35.12M39.68M41.8M42.6M41.46M
Deposits & Other Assets--18.48M4.35M4.4M4.44M4.53M4.58M5.68M6.75M
Total Assets
1.72B1.67B1.55B1.5B1.43B1.38B1.38B1.29B1.16B966.22M
Notes Payable---119.99M36.44M49.92M48.25M122.17M7M15.33M
Accounts Payable116.49M115.34M109.38M95.32M104.08M99.26M105.74M98.82M104.61M91.77M
Current Portion Long-Term Debt114.76M105.95M45.66M55.29M43.33M48.08M41.64M38.17M49.15M33.25M
Current Portion Capital Leases----------
Accrued Expenses-50.84M-57.81M-49.51M-60.33M-44.73M
Income Taxes Payable----------
Other Current Liabilities78.32M30.22M90.71M45.92M90.41M50.25M107.12M45.85M104.99M41.35M
Total Current Liabilities
309.58M302.37M245.76M254.36M237.82M247.11M254.51M243.19M258.75M211.11M
Mortgages----------
Deferred Taxes/Income67.43M63.92M85.38M86.08M91.71M95.23M107.84M107.58M95.63M69.74M
Convertible Debt----------
Long-Term Debt229.01M228.72M295.48M297.6M303.15M296.14M330.52M320.44M260.2M256.87M
Non-Current Capital Leases----------
Other Long-Term Liabilities45.74M48.91M51.84M46.44M48.81M58.77M50.71M63.02M44.94M42.9M
Total Liabilities
651.76M643.93M678.47M684.49M681.51M697.27M743.6M734.24M659.54M580.63M
Minority Interest----------
Preferred Stock----------
Common Stock Net-391.72M-389.32M-369.05M-342.93M-326.57M
Capital Surplus-1.35B-1.35B-1.32B-1.3B-1.27B
Retained Earnings--773.02M--975.51M--1.07B--1.17B--1.27B
Treasury Stock-9.07M-9.07M-9.07M-9.07M-9.07M
Other Liabilities-72.21M-63.3M-74.94M-91.38M-68.19M
Shareholders Equity1.07B1.03B873.78M814.01M745.89M682.61M636.03M558.76M504.36M385.58M
Total Liabilities & Shareholders Equity1.72B1.67B1.55B1.5B1.43B1.38B1.38B1.29B1.16B966.22M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Tower Semiconductor stock price, and Tower Semiconductor historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Tower Semiconductor PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: An asset is a resource that a corporation like Tower Semiconductor owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for TSEM stock as of 2018 Q1 is $1.72B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Tower Semiconductor's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for TSEM stock stand at $651.76M.

Tower Semiconductor Balance Sheet - Key Ratios

Current ratio
2.91
Debt to equity ratio
0.32
Asset turnover ratio
0.74
Receivables turnover
9.41
Price to book ratio
2.48