Tower Semiconductor Balance Sheet - Quarterly (NASDAQ:TSEM)

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$33.27 $0.09 (0.27%) TSEM stock closing price Feb 16, 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 $295.48M at the end of 2017 Q3. 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 0.39.

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 - Dec2017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Cash480.4M483.6M432.11M355.28M362.83M311.06M244.57M175.57M155.34M
Marketable Securities49.73M--34.09M---30M-
Receivables150.03M150.73M133.53M141.04M137.91M140.83M132.28M117.44M129.94M
Inventory143.3M139.01M140.73M137.53M143.09M136.12M128.03M105.68M104.39M
Raw Materials---26.29M---27.84M-
Work In Progress---105.56M---73.43M-
Finished Goods---5.67M---4.39M-
Notes Receivable---------
Other Current Assets21.46M34.39M27.23M30.04M23.91M21.58M16.66M18.03M23.73M
Total Current Assets
844.94M807.73M733.62M697.99M667.75M609.6M521.55M446.72M413.42M
Property Plant & Equipment---2.43B---2.1B-
Accumulated Depreciation---1.81B---1.64B-
Net Property Plant & Equipment
633.1M628.27M629.55M616.68M643.04M625.16M582.25M459.53M430.47M
Investment & Advances27.09M27.29M26.66M25.62M24.61M11.86M11.81M11.73M12.05M
Other Non-Current Assets---------
Deferred Charges---------
Intangibles28.62M30.84M33.16M35.12M39.68M41.8M42.6M41.46M43.71M
Deposits & Other Assets18.48M4.35M4.4M4.44M4.53M4.58M5.68M6.75M7.22M
Total Assets
1.55B1.5B1.43B1.38B1.38B1.29B1.16B966.22M906.88M
Notes Payable--119.99M36.44M49.92M48.25M122.17M7M15.33M
Accounts Payable109.38M95.32M104.08M99.26M105.74M98.82M104.61M91.77M111.91M
Current Portion Long-Term Debt45.66M55.29M43.33M48.08M41.64M38.17M49.15M33.25M-
Current Portion Capital Leases---------
Accrued Expenses-57.81M-49.51M-60.33M-44.73M-
Income Taxes Payable---------
Other Current Liabilities90.71M45.92M90.41M50.25M107.12M45.85M104.99M41.35M91.51M
Total Current Liabilities
245.76M254.36M237.82M247.11M254.51M243.19M258.75M211.11M252.65M
Mortgages---------
Deferred Taxes/Income85.38M86.08M91.71M95.23M107.84M107.58M95.63M69.74M76.19M
Convertible Debt---------
Long-Term Debt295.48M297.6M303.15M296.14M330.52M320.44M260.2M256.87M206.8M
Non-Current Capital Leases---------
Other Long-Term Liabilities51.84M46.44M48.81M58.77M50.71M63.02M44.94M42.9M46.62M
Total Liabilities
678.47M684.49M681.51M697.27M743.6M734.24M659.54M580.63M582.28M
Minority Interest---------
Preferred Stock---------
Common Stock Net-389.32M-369.05M-342.93M-326.57M-
Capital Surplus-1.35B-1.32B-1.3B-1.27B-
Retained Earnings--975.51M--1.07B--1.17B--1.27B-
Treasury Stock-9.07M-9.07M-9.07M-9.07M-
Other Liabilities-63.3M-74.94M-91.38M-68.19M-
Shareholders Equity873.78M814.01M745.89M682.61M636.03M558.76M504.36M385.58M324.6M
Total Liabilities & Shareholders Equity1.55B1.5B1.43B1.38B1.38B1.29B1.16B966.22M906.88M
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 2017 Q3 is $1.55B. 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 $678.47M.

Tower Semiconductor Balance Sheet - Key Ratios

Current ratio
3.44
Debt to equity ratio
0.39
Asset turnover ratio
0.93
Receivables turnover
9.61
Price to book ratio
4.34