Tower Semiconductor Ltd. (TSEM) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.03B | 1.71B | 1.78B | 1.76B | 1.73B | 1.76B | 1.71B | 1.71B | 1.74B | 1.71B | 1.72B | 1.44B | 1.48B | 1.5B | 1.38B | 1.32B | 1.26B | 1.2B | 1.13B | 1.12B |
| Cash & Short-Term Investments | 1.5B | 1.15B | 1.22B | 1.21B | 1.18B | 1.22B | 1.21B | 1.23B | 1.24B | 1.24B | 1.23B | 913.6M | 945.97M | 1.01B | 901.13M | 855.96M | 790.9M | 763.87M | 717.99M | 728.96M |
| Cash Only | 243.31M | 235.37M | 272.74M | 265.29M | 274.82M | 271.89M | 270.98M | 265.31M | 260.5M | 260.66M | 314.82M | 318.19M | 304.93M | 340.76M | 390.37M | 211.18M | 203.48M | 210.93M | 211.5M | 215.75M |
| Short-Term Investments | 1.26B | 916.54M | 950.56M | 942.31M | 906.45M | 946.35M | 934.04M | 968.73M | 982.13M | 974.53M | 914.76M | 595.4M | 641.03M | 665.05M | 510.76M | 644.78M | 587.41M | 552.94M | 506.49M | 513.2M |
| Accounts Receivable | 213.84M | 222.79M | 213.01M | 215.32M | 219.5M | 240.76M | 195.79M | 165.16M | 159.4M | 180.18M | 150.16M | 163.29M | 144.19M | 177.47M | 165.09M | 170.55M | 176.44M | 161.03M | 144.88M | 144.87M |
| Days Sales Outstanding | 47.5 | 45.54 | 49.8 | 53.17 | 57.83 | 51.87 | 44.81 | 42.05 | 47.22 | 43.2 | 40.26 | 39.17 | 40.7 | 39.08 | 36.15 | 37.05 | 36.06 | 34.15 | 34.47 | 38.83 |
| Inventory | 254.83M | 256.86M | 286.68M | 286.75M | 276.07M | 268.3M | 272.38M | 276.08M | 299.38M | 282.69M | 304.25M | 330.82M | 358.71M | 302.11M | 269.4M | 249.04M | 247.83M | 234.51M | 220.67M | 209.31M |
| Days Inventory Outstanding | 76.07 | 77.51 | 87.16 | 87.69 | 85.95 | 82.81 | 90.93 | 99.08 | 104.01 | 101.01 | 107.68 | 115.91 | 114.42 | 94.4 | 78.82 | 72.06 | 68.58 | 67.12 | 65.64 | 64.14 |
| Other Current Assets | 61.72M | 78.06M | 56.56M | 53.65M | 51.43M | 0 | 41.1M | 35.41M | 42.05M | 0 | 33.45M | 32.4M | 35.42M | 0 | 41.71M | 43.25M | 41.63M | 0 | 43.65M | 39.93M |
| Total Non-Current Assets | 1.67B | 1.61B | 1.47B | 1.44B | 1.38B | 1.32B | 1.35B | 1.25B | 1.23B | 1.21B | 1.12B | 1.09B | 1.09B | 1.05B | 1.01B | 1.01B | 1.01B | 1.04B | 1.03B | 1.01B |
| Property, Plant & Equipment | 1.53B | 1.46B | 1.44B | 1.4B | 1.35B | 1.29B | 1.3B | 1.2B | 1.18B | 1.17B | 1.06B | 1.02B | 1.01B | 972.61M | 902.44M | 878.99M | 879.78M | 890.8M | 879.32M | 859.59M |
| Fixed Asset Turnover | 0.28x | 0.30x | 0.28x | 0.27x | 0.27x | 0.30x | 0.30x | 0.30x | 0.28x | 0.32x | 0.34x | 0.35x | 0.36x | 0.43x | 0.48x | 0.48x | 0.48x | 0.47x | 0.44x | 0.43x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 7M | 0 | 0 | 0 | 7M | 0 | 0 | 0 | 7M | 0 | 0 | 0 | 7M | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 9.43M | 0 | 5.77M | 10.77M | 11.22M | 11.67M | 5.12M | 12.56M | 13.05M | 13.54M | 9.84M | 15.77M | 16.22M | 16.66M | 11.82M | 17.58M | 16.98M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 6.78M | 0 | 8.45M | 0 | 6.78M | 0 | 8.83M | 0 | 6.72M | 0 | 26.54M | 27.23M | 32.03M | 39.16M | 41.45M |
| Other Non-Current Assets | 142.4M | 149.61M | 32.8M | 27.95M | 34.13M | 4.38M | 39.53M | 32.6M | 41.23M | 22.96M | 43.34M | 53.46M | 69.62M | 23.47M | 88.86M | 0 | 89.68M | 39.87M | 91.79M | 91.31M |
| Total Assets | 3.7B | 3.32B | 3.25B | 3.2B | 3.11B | 3.08B | 3.06B | 2.96B | 2.98B | 2.92B | 2.84B | 2.53B | 2.58B | 2.55B | 2.38B | 2.32B | 2.27B | 2.23B | 2.16B | 2.13B |
| Asset Turnover | 0.12x | 0.13x | 0.12x | 0.12x | 0.12x | 0.13x | 0.12x | 0.12x | 0.11x | 0.12x | 0.13x | 0.14x | 0.14x | 0.16x | 0.18x | 0.19x | 0.19x | 0.19x | 0.18x | 0.17x |
| Asset Growth % | 19.04% | 7.85% | 6.3% | 8.14% | 4.42% | 5.55% | 7.9% | 16.89% | 15.51% | 14.56% | 18.93% | 9.02% | 13.52% | 14.18% | 10.64% | 9.01% | 9.27% | 6.55% | 8.58% | 6.31% |
| Total Current Liabilities | 360.36M | 263.75M | 269.24M | 268.32M | 249.46M | 285.06M | 294.57M | 290.18M | 323.9M | 276.84M | 258.17M | 301.84M | 354.13M | 387.39M | 364.57M | 346.18M | 323.94M | 276.33M | 300.06M | 302.51M |
| Accounts Payable | 121.05M | 123.92M | 131.91M | 135.69M | 118.32M | 130.62M | 129.7M | 123.78M | 169.53M | 139.13M | 106.36M | 154.51M | 191.01M | 150.93M | 143.99M | 127.76M | 109.08M | 78.71M | 92.99M | 100.43M |
| Days Payables Outstanding | 36.42 | 36.48 | 40.68 | 39.57 | 39.31 | 39.87 | 42.03 | 50.5 | 55.15 | 42.25 | 44.23 | 58.08 | 59.21 | 48.71 | 41.31 | 34.35 | 26.7 | 25.32 | 29.53 | 29.3 |
| Short-Term Debt | 25.11M | 28.11M | 33.2M | 33.08M | 27.49M | 48.38M | 61.69M | 61.37M | 57.7M | 58.95M | 47.67M | 41.3M | 42.22M | 62.27M | 61.19M | 79.53M | 78.17M | 83.87M | 105.41M | 104.06M |
| Deferred Revenue (Current) | 127.31M | 0 | 19.93M | 15.59M | 17.23M | 21.66M | 0 | 23.99M | 19.73M | 18.42M | 0 | 0 | 0 | 38.91M | 0 | 38.63M | 0 | 39.99M | 0 | 0 |
| Other Current Liabilities | 86.9M | 111.72M | 84.21M | 83.96M | 86.42M | 66.91M | 103.17M | 23.92M | 76.95M | 1.89M | 104.14M | 47.63M | 120.91M | 120.12M | 159.39M | 100.25M | 136.7M | 5.74M | 101.66M | 34.37M |
| Current Ratio | 5.63x | 6.48x | 6.61x | 6.57x | 6.93x | 6.18x | 5.82x | 5.90x | 5.38x | 6.17x | 6.65x | 4.77x | 4.19x | 3.86x | 3.78x | 3.81x | 3.88x | 4.33x | 3.76x | 3.71x |
| Quick Ratio | 4.92x | 5.51x | 5.54x | 5.50x | 5.82x | 5.23x | 4.89x | 4.94x | 4.46x | 5.15x | 5.47x | 3.68x | 3.18x | 3.08x | 3.04x | 3.09x | 3.11x | 3.48x | 3.02x | 3.02x |
| Cash Conversion Cycle | 87.16 | 86.57 | 96.29 | 101.29 | 104.47 | 94.8 | 93.72 | 90.63 | 96.07 | 101.97 | 103.7 | 97 | 95.92 | 84.76 | 73.65 | 74.76 | 77.94 | 75.95 | 70.58 | 73.66 |
| Total Non-Current Liabilities | 366.16M | 153.96M | 150.78M | 160.65M | 157.13M | 155.24M | 157.6M | 159.28M | 190.44M | 214.64M | 228.81M | 221.13M | 246.7M | 271.68M | 266.91M | 289.7M | 288.55M | 339.52M | 295.51M | 312.28M |
| Long-Term Debt | 130.75M | 133.41M | 130.88M | 143.02M | 134.84M | 132.44M | 131.61M | 126.72M | 151.7M | 88.36M | 179.9M | 178.87M | 201.44M | 210.07M | 202.14M | 200.73M | 190.38M | 118.62M | 212.27M | 234.5M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 84.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 112.36M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 10.13M | 0 | 0 | 0 | 10.22M | 0 | 0 | 0 | 13.01M | 0 | 14.41M | 0 | 23.96M | 0 | 0 |
| Other Non-Current Liabilities | 20M | 20.55M | 19.89M | 17.63M | 22.29M | 4.99M | 25.98M | 32.56M | 16.28M | 6.1M | 48.91M | 42.27M | 45.25M | 7.71M | 64.77M | 13.96M | 98.17M | 14.62M | 83.24M | 77.78M |
| Total Liabilities | 726.52M | 417.71M | 420.02M | 428.97M | 406.59M | 440.31M | 452.17M | 449.45M | 514.35M | 491.48M | 486.98M | 522.97M | 600.83M | 659.07M | 631.48M | 635.87M | 612.5M | 615.85M | 595.58M | 614.78M |
| Total Debt | 155.86M | 161.52M | 164.09M | 176.1M | 162.32M | 180.81M | 193.31M | 188.08M | 209.4M | 231.56M | 227.57M | 220.16M | 243.67M | 272.34M | 263.33M | 280.26M | 268.55M | 314.84M | 317.69M | 338.56M |
| Net Debt | -87.45M | -73.85M | -108.66M | -89.2M | -112.49M | -91.08M | -77.67M | -77.23M | -51.1M | -29.1M | -87.24M | -98.03M | -61.27M | -68.42M | -127.04M | 69.08M | 65.06M | 103.91M | 106.18M | 122.81M |
| Debt / Equity | 0.05x | 0.06x | 0.06x | 0.06x | 0.06x | 0.07x | 0.07x | 0.07x | 0.09x | 0.10x | 0.10x | 0.11x | 0.12x | 0.14x | 0.15x | 0.17x | 0.16x | 0.19x | 0.20x | 0.22x |
| Debt / EBITDA | 1.06x | 1.10x | 1.29x | 1.54x | 1.52x | 1.38x | 1.60x | 1.56x | 2.24x | 2.10x | 0.53x | 1.93x | 1.61x | 1.76x | 1.71x | 2.04x | 2.01x | 2.60x | 2.80x | 3.40x |
| Net Debt / EBITDA | -0.59x | -0.50x | -0.86x | -0.78x | -1.05x | -0.70x | -0.64x | -0.64x | -0.55x | -0.26x | -0.20x | -0.86x | -0.40x | -0.44x | -0.82x | 0.50x | 0.49x | 0.86x | 0.93x | 1.23x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | 83.13x | - | - | - | 1795.13x | 8.90x | 8.66x | 29.56x | 150.17x | 16.27x | 70.25x |
| Total Equity | 2.97B | 2.9B | 2.83B | 2.77B | 2.7B | 2.64B | 2.61B | 2.51B | 2.46B | 2.43B | 2.35B | 2.01B | 1.98B | 1.89B | 1.75B | 1.69B | 1.66B | 1.62B | 1.56B | 1.52B |
| Equity Growth % | 10.07% | 10.01% | 8.63% | 10.42% | 9.72% | 8.78% | 11.02% | 24.94% | 24.61% | 28.51% | 33.99% | 19.1% | 19.22% | 16.91% | 12.41% | 11.26% | 12.15% | 11.03% | 10.32% | 9.01% |
| Book Value per Share | 26.01 | 25.44 | 24.90 | 24.49 | 23.88 | 23.37 | 23.18 | 22.44 | 22.06 | 21.80 | 21.11 | 18.08 | 17.79 | 17.02 | 15.82 | 15.27 | 15.00 | 14.65 | 14.20 | 13.84 |
| Total Shareholders' Equity | 2.97B | 2.9B | 2.83B | 2.77B | 2.7B | 2.65B | 2.61B | 2.53B | 2.46B | 2.43B | 2.35B | 2.01B | 1.98B | 1.89B | 1.75B | 1.71B | 1.66B | 1.62B | 1.56B | 1.52B |
| Common Stock | 0 | 2.9B | 0 | 0 | 0 | 446.56M | 2.61B | 444.64M | 0 | 443.63M | 2.35B | 440.85M | 1.98B | 440.15M | 1.75B | 437.26M | 1.66B | 435.45M | 1.56B | 432.35M |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 675.48M | 0 | 565.69M | 0 | 467.62M | 0 | 71.71M | 0 | -50.88M | 0 | -203.34M | 0 | -315.45M | 0 | -406.27M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | -9.07M | 0 | -9.07M | 0 | -9.07M | 0 | -9.07M | 0 | -9.07M | 0 | -9.07M | 0 | -9.07M | 0 | -9.07M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | -74.19M | 0 | 144.27M | 0 | 149.41M | 0 | 124.72M | 0 | -47.54M | 0 | 93.13M | 0 | 122.02M | 0 | 113.43M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | -13.14M | 0 | -12.72M | 0 | -5.46M | 0 | -803K | 0 | -2.64M | 0 | -16.72M | 0 | -6.62M | 0 | -4.93M |