Tower Semiconductor Balance Sheet Health
Financial Health criteria checks 6/6
Tower Semiconductor has a total shareholder equity of $2.4B and total debt of $103.5M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are $2.9B and $491.5M respectively. Tower Semiconductor's EBIT is $201.3M making its interest coverage ratio -5.8. It has cash and short-term investments of $1.2B.
Key information
4.3%
Debt to equity ratio
US$103.53m
Debt
Interest coverage ratio | -5.8x |
Cash | US$1.24b |
Equity | US$2.43b |
Total liabilities | US$491.48m |
Total assets | US$2.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOW's short term assets ($1.7B) exceed its short term liabilities ($276.8M).
Long Term Liabilities: TOW's short term assets ($1.7B) exceed its long term liabilities ($214.6M).
Debt to Equity History and Analysis
Debt Level: TOW has more cash than its total debt.
Reducing Debt: TOW's debt to equity ratio has reduced from 17.8% to 4.3% over the past 5 years.
Debt Coverage: TOW's debt is well covered by operating cash flow (653.5%).
Interest Coverage: TOW earns more interest than it pays, so coverage of interest payments is not a concern.