Tower International Quick Ratio (TOWR) starting from the second quarter 2019 to second quarter 2018, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Tower International, Inc.  (TOWR)

Tower International's Quick Ratio

TOWR's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the second quarter 2019, Quick Ratio deteriorated to 0.55 above company average Quick Ratio.

Within Auto & Truck Parts industry 7 other companies have achieved higher Quick Ratio than Tower International in second quarter 2019. While Quick Ratio total ranking in the second quarter 2019 has deteriorated compared to the prior quarter from 453 to 2359.

Explain Quick Ratio?
How much Cash & cash equivalents TOWR´s has?
What are TOWR´s Current Liabilities?




TOWR Quick Ratio (Jun 30 2019)
Q2
(Mar 31 2019)
Q1
(Dec 31 2018)
Q4
(Sep 30 2018)
Q3
(Jun 30 2018)
Q2
Y / Y Current Liabilities Change -39.76 % -43.11 % -13.5 % -3.54 % 0.03 %
Y / Y Cash & cash equivalent Change 166.29 % 280.89 % -29.33 % 9.51 % 6.73 %
Quick Ratio MRQ 0.55 0.64 0.15 0.1 0.13
TOWR's Total Ranking # 2359 # 453 # 3194 # 3263 # 2931
Seq. Current Liabilities Change -8.78 % -30.66 % -3.31 % -1.49 % -13.85 %
Seq. Cash & cash equivalent Change -21.33 % 190.82 % 42.56 % -18.36 % 12.53 %



Quick Ratio second quarter 2019 Company Ranking
Within: No.
Auto & Truck Parts Industry # 8
Consumer Discretionary Sector # 46
Overall Market # 2359


Quick Ratio Statistics
High Average Low
0.64 0.23 0.06
(Mar 31 2019)   (Mar 31 2017)




Financial Statements
Tower International's Current Liabilities $ 282 Millions Visit TOWR's Balance sheet
Tower International's Cash & cash equivalent $ 156 Millions Visit TOWR's Balance sheet
Source of TOWR's Sales Visit TOWR's Sales by Geography


Cumulative Tower International's Quick Ratio

TOWR's Quick Ratio for the trailling 12 Months

TOWR Quick Ratio

(Jun 30 2019)
12 Months
(Mar 31 2019)
12 Months
(Dec 31 2018)
12 Months
(Sep 30 2018)
12 Months
(Jun 30 2018)
12 Months
Y / Y Current Liabilities TTM Growth -25.28 % -15.99 % -1.73 % 3.67 % 3.86 %
Y / Y Cash & cash equivalent TTM Growth 87.52 % 50.9 % 1.81 % 45.52 % 40.24 %
Quick Ratio TTM 0.31 0.22 0.12 0.13 0.13
Total Ranking TTM # 5148 # 4935 # 4962 # 2950 # 4960
Seq. Current Liabilities TTM Growth -11.05 % -12.21 % -3.5 % -0.84 % 0.01 %
Seq. Cash & cash equivalent TTM Growth 26.12 % 64.52 % -11.1 % 1.66 % 1.49 %


On the trailing twelve months basis TOWR Cash & cash equivalent more than doubled by 166.29 % in Q2 2019 year on year, while Current Liabilities decreased to $282 millions, this led to increase in in Tower International's Quick Ratio to 0.31, above TOWR average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Auto & Truck Parts industry 59 other companies have achieved higher Quick Ratio than Tower International. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2019 from 4935 to 5148.

Explain Quick Ratio?
How much Cash & cash equivalents TOWR´s has?
What are TOWR´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Auto & Truck Parts Industry # 60
Consumer Discretionary Sector # 200
Within the Market # 5148


trailing twelve months Quick Ratio Statistics
High Average Low
0.31 0.21 0.1
(Dec 31 2014)   (Mar 31 2017)




Companies with similar Quick Ratio in the quarter ending Jun 30 2019, within Auto & Truck Parts Industry Quick RatioJun 30 2019 MRQ Cash & cash equivalentJun 30 2019 MRQ Current Liabilities
Icahn Enterprises l p   1.24 $ 4,008.000  Millions$ 3,245.000  Millions
Envirotech Vehicles Inc   1.03 $ 7.852  Millions$ 7.622  Millions
Capstone Green Energy Holdings Inc   0.88 $ 24.612  Millions$ 28.007  Millions
Visteon Corp  0.61 $ 438.000  Millions$ 716.000  Millions
Tower International, Inc.  0.55 $ 155.722  Millions$ 281.519  Millions
Novo Integrated Sciences Inc   0.54 $ 2.478  Millions$ 4.579  Millions
China Yuchai International Limited  0.51 $ 812.024  Millions$ 1,582.061  Millions
Leatt Corporation  0.49 $ 1.551  Millions$ 3.196  Millions
Commercial Vehicle Group Inc   0.44 $ 60.521  Millions$ 136.345  Millions
Cooper standard Holdings Inc   0.44 $ 310.779  Millions$ 708.717  Millions
Lydall Inc  0.33 $ 43.416  Millions$ 131.867  Millions
Allison Transmission Holdings Inc   0.33 $ 153.000  Millions$ 466.000  Millions
Gentherm Incorporated  0.32 $ 33.677  Millions$ 103.685  Millions
Harley davidson Inc   0.31 $ 1,006.886  Millions$ 3,235.151  Millions
Stoneridge Inc   0.30 $ 51.503  Millions$ 174.571  Millions
Borgwarner Inc   0.29 $ 710.000  Millions$ 2,419.000  Millions
China Automotive Systems Inc   0.29 $ 89.060  Millions$ 307.225  Millions
Adient Plc  0.29 $ 1,025.000  Millions$ 3,595.000  Millions
Superior Industries International Inc   0.28 $ 56.923  Millions$ 202.473  Millions
Lear Corp  0.25 $ 1,269.000  Millions$ 5,027.000  Millions
Autoliv Inc   0.24 $ 406.400  Millions$ 1,679.200  Millions
Arcimoto Inc   0.23 $ 1.250  Millions$ 5.424  Millions
Dauch Corporation  0.21 $ 248.800  Millions$ 1,163.200  Millions
Dana Incorporated  0.19 $ 304.000  Millions$ 1,620.000  Millions
Tpi Composites Inc   0.18 $ 60.786  Millions$ 336.481  Millions
Dorman Products Inc   0.18 $ 38.424  Millions$ 214.483  Millions
Lkq Corporation  0.18 $ 375.967  Millions$ 2,106.946  Millions
Magna International Inc   0.15 $ 1,276.000  Millions$ 8,529.000  Millions
Garrett Motion Inc   0.14 $ 182.000  Millions$ 1,275.000  Millions
Worksport Ltd   0.14 $ 0.130  Millions$ 0.940  Millions

Date modified: 2026-09-12T06:15:14+00:00



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