Tower Semiconductor Ltd (TSEM) — Working Capital to Net Assets Ratio
Tower Semiconductor Ltd (TSEM) has a Working Capital to Net Assets ratio of 49.8% as of December 2025. Working capital of ILA1.45 Billion (current assets of ILA1.71 Billion minus current liabilities of ILA263.75 Million) is measured against net assets of ILA2.90 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Tower Semiconductor Ltd to measure how much of total assets are equity-financed.
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 December 2025, the ratio stands at 49.8%, reflecting working capital of ILA1.45 Billion against net assets of ILA2.90 Billion ILA. Check how tangible is Tower Semiconductor Ltd's equity to evaluate the tangible quality of the company's equity base.
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 stock valuation.
| 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 | — |