Tower Semiconductor Ltd (TSEM) — Working Capital to Net Assets Ratio
Tower Semiconductor Ltd (TSEM) has a Working Capital to Net Assets ratio of 56.1% as of March 2026. Working capital of ILA1.68 Billion (current assets of ILA2.04 Billion minus current liabilities of ILA362.61 Million) is measured against net assets of ILA2.99 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Tower Semiconductor Ltd leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tower Semiconductor Ltd Working Capital to Net Assets (1994–2025)
This chart shows how Tower Semiconductor Ltd's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at 56.1%, reflecting working capital of ILA1.68 Billion against net assets of ILA2.99 Billion ILA. See Tower Semiconductor Ltd (TSEM) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Tower Semiconductor Ltd (1994–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tower Semiconductor Ltd from 1994 to 2025, covering 32 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Tower Semiconductor Ltd market capitalisation.
| Year | WC/NA Ratio | Working Capital (ILA) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 49.8% | ILA1.45 Billion | ILA2.90 Billion | ILA1.71 Billion | ILA263.75 Million | ▼ -6.1 pp |
| 2024 | 55.9% | ILA1.48 Billion | ILA2.64 Billion | ILA1.76 Billion | ILA285.06 Million | ▼ -3.1 pp |
| 2023 | 59.0% | ILA1.43 Billion | ILA2.43 Billion | ILA1.71 Billion | ILA276.84 Million | ▲ +0.4 pp |
| 2022 | 58.7% | ILA1.11 Billion | ILA1.89 Billion | ILA1.50 Billion | ILA387.39 Million | ▲ +1.7 pp |
| 2021 | 56.9% | ILA919.88 Million | ILA1.62 Billion | ILA1.20 Billion | ILA276.33 Million | ▼ -0.1 pp |
| 2020 | 57.0% | ILA830.00 Million | ILA1.45 Billion | ILA1.10 Billion | ILA272.91 Million | ▼ -5.0 pp |
| 2019 | 62.0% | ILA835.42 Million | ILA1.35 Billion | ILA1.09 Billion | ILA253.06 Million | ▼ -1.4 pp |
| 2018 | 63.4% | ILA784.24 Million | ILA1.24 Billion | ILA987.96 Million | ILA203.72 Million | ▲ +7.9 pp |
| 2017 | 55.5% | ILA571.96 Million | ILA1.03 Billion | ILA874.33 Million | ILA302.37 Million | ▼ -10.5 pp |
| 2016 | 66.1% | ILA450.88 Million | ILA682.61 Million | ILA698.00 Million | ILA247.12 Million | ▲ +4.9 pp |
| 2015 | 61.1% | ILA235.61 Million | ILA385.59 Million | ILA446.73 Million | ILA211.12 Million | ▲ +13.2 pp |
| 2014 | 47.9% | ILA93.76 Million | ILA195.56 Million | ILA394.08 Million | ILA300.32 Million | ▼ -58.6 pp |
| 2013 | 106.5% | ILA150.50 Million | ILA141.25 Million | ILA290.41 Million | ILA139.92 Million | ▲ +47.8 pp |
| 2012 | 58.7% | ILA129.19 Million | ILA220.03 Million | ILA298.50 Million | ILA169.32 Million | ▲ +38.2 pp |
| 2011 | 20.5% | ILA35.83 Million | ILA174.70 Million | ILA266.09 Million | ILA230.26 Million | ▼ -40.7 pp |
| 2010 | 61.2% | ILA72.05 Million | ILA117.78 Million | ILA322.07 Million | ILA250.02 Million | ▼ -64.0 pp |
| 2009 | 125.2% | ILA70.11 Million | ILA56.01 Million | ILA167.47 Million | ILA97.36 Million | ▲ +104.5 pp |
| 2008 | 20.7% | ILA22.84 Million | ILA110.28 Million | ILA129.47 Million | ILA106.63 Million | ▼ -83.8 pp |
| 2007 | 104.5% | ILA46.71 Million | ILA44.71 Million | ILA123.65 Million | ILA76.94 Million | ▲ +77.0 pp |
| 2006 | 27.5% | ILA36.58 Million | ILA132.99 Million | ILA120.44 Million | ILA83.86 Million | ▲ +7.5 pp |
| 2005 | 20.0% | ILA-6.03 Million | ILA-30.07 Million | ILA90.24 Million | ILA96.27 Million | ▼ -17.8 pp |
| 2004 | 37.9% | ILA63.59 Million | ILA167.98 Million | ILA139.59 Million | ILA76.00 Million | ▲ +15.9 pp |
| 2003 | 22.0% | ILA50.49 Million | ILA229.46 Million | ILA100.31 Million | ILA49.81 Million | ▲ +14.7 pp |
| 2002 | 7.3% | ILA21.93 Million | ILA298.33 Million | ILA110.08 Million | ILA88.15 Million | ▲ +13.8 pp |
| 2001 | -6.5% | ILA-16.34 Million | ILA252.81 Million | ILA67.42 Million | ILA83.75 Million | ▼ -27.7 pp |
| 2000 | 21.3% | ILA28.64 Million | ILA134.65 Million | ILA58.74 Million | ILA30.11 Million | ▼ -24.6 pp |
| 1999 | 45.9% | ILA56.00 Million | ILA122.12 Million | ILA75.45 Million | ILA19.45 Million | ▼ -1.4 pp |
| 1998 | 47.2% | ILA66.10 Million | ILA140.00 Million | ILA85.30 Million | ILA19.20 Million | ▼ -7.2 pp |
| 1997 | 54.5% | ILA90.90 Million | ILA166.90 Million | ILA115.70 Million | ILA24.80 Million | ▲ +4.8 pp |
| 1996 | 49.6% | ILA79.70 Million | ILA160.60 Million | ILA110.40 Million | ILA30.70 Million | ▼ -23.1 pp |
| 1995 | 72.7% | ILA123.90 Million | ILA170.40 Million | ILA168.50 Million | ILA44.60 Million | ▲ +5.9 pp |
| 1994 | 66.8% | ILA41.20 Million | ILA61.70 Million | ILA61.80 Million | ILA20.60 Million | — |