Last $23.67 USD
Change Today -0.16 / -0.67%
Volume 228.1K
TOWR On Other Exchanges
Symbol
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New York
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

Financial Statements for tower international inc (TOWR)

Tower International, Inc. may have more financial risk than other companies in the Auto Components industry as it is one of the most highly leveraged. Its Debt to Total Capital ratio stands at 78.64%. However, an examination of near-term assets and liabilities shows that, even though there are not enough liquid assets to satisfy current obligations, Operating Profits are more than adequate to service the debt. Accounts Receivable are among the industry's worst with 45.30 days worth of sales outstanding. This implies that revenues are not being collected in an efficient manner. Last, Tower International, Inc. is among the least efficient in its industry at managing inventories, but it is getting better, with 16.13 days of its Cost of Goods Sold tied up in Inventories.
Currency in
Millions of US Dollars
As of:Dec 31
2010
Restated
Dec 31
2011
Restated
Dec 31
2012
Reclassified
Dec 31
2013
4 Year
Trend
Assets    
Cash and Equivalents150.3135.0113.9134.9
TOTAL CASH AND SHORT TERM INVESTMENTS150.3135.0113.9134.9
Accounts Receivable297.1328.0266.1255.7
Notes Receivable--36.063.031.8
TOTAL RECEIVABLES297.1364.0329.2287.5
Inventory73.285.181.381.3
Deferred Tax Assets, Current12.413.010.48.6
Other Current Assets65.924.233.313.1
TOTAL CURRENT ASSETS599.0621.3568.2525.4
Gross Property Plant and Equipment1,129.01,232.91,165.41,226.8
Accumulated Depreciation-501.5-565.2-592.3-677.2
NET PROPERTY PLANT AND EQUIPMENT627.5667.7573.1549.6
Goodwill66.364.064.867.0
Long-Term Investments------8.6
Deferred Tax Assets, Long Term17.414.53.13.7
Deferred Charges, Long Term3.81.61.03.1
Other Intangibles11.79.04.41.5
Other Long-Term Assets14.519.423.524.0
TOTAL ASSETS1,340.21,397.41,238.11,183.0
    
LIABILITIES & EQUITY    
Accounts Payable366.8395.3264.9262.4
Accrued Expenses130.9126.0132.1127.2
Current Portion of Long-Term Debt/Capital Lease109.8109.474.639.7
Current Portion of Capital Lease Obligations3.02.91.71.2
Other Current Liabilities, Total1.70.42.51.9
TOTAL CURRENT LIABILITIES609.2631.2474.2431.3
Long-Term Debt432.7461.8411.6454.1
Capital Leases15.612.210.810.0
Minority Interest44.357.577.662.5
Pension & Other Post-Retirement Benefits76.496.2100.854.9
Deferred Tax Liability Non-Current12.711.213.014.4
Other Non-Current Liabilities81.987.386.981.4
TOTAL LIABILITIES1,228.61,299.91,097.21,046.1
Common Stock0.20.20.20.2
Additional Paid in Capital296.3311.4321.0328.0
Retained Earnings-192.6-255.2-237.2-257.5
Treasury Stock---5.1-8.3-8.6
Comprehensive Income and Other-36.5-11.2-12.512.2
TOTAL COMMON EQUITY67.440.063.274.4
TOTAL EQUITY111.697.5140.9136.9
TOTAL LIABILITIES AND EQUITY1,340.21,397.41,238.11,183.0
 

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TOWR:US $23.67 USD -0.16

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Industry Analysis

TOWR

Industry Average

Valuation TOWR Industry Range
Price/Earnings 8.2x
Price/Sales 0.2x
Price/Book 5.1x
Price/Cash Flow 7.8x
TEV/Sales NM Not Meaningful
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