L3Harris Cash And Short Term Investments vs Total Assets Analysis

0L3H Stock   228.55  2.34  1.01%   
L3Harris Technologies financial indicator trend analysis is infinitely more than just investigating L3Harris Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether L3Harris Technologies is a good investment. Please check the relationship between L3Harris Technologies Cash And Short Term Investments and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.

Cash And Short Term Investments vs Total Assets

Cash And Short Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of L3Harris Technologies Cash And Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between L3Harris Technologies' Cash And Short Term Investments and Total Assets is -0.44. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of L3Harris Technologies, assuming nothing else is changed. The correlation between historical values of L3Harris Technologies' Cash And Short Term Investments and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of L3Harris Technologies are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash And Short Term Investments i.e., L3Harris Technologies' Cash And Short Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.44
Relationship DirectionNegative 
Relationship StrengthVery Weak

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of L3Harris Technologies balance sheet. This account contains L3Harris Technologies investments that will expire within one year. These investments include stocks and bonds that can be liquidated by L3Harris Technologies fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Total Assets

Total assets refers to the total amount of L3Harris Technologies assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in L3Harris Technologies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from L3Harris Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into L3Harris Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.Tax Provision is likely to drop to about 267 M in 2024. Discontinued Operations is likely to drop to about (1.2 M) in 2024
 2019 2021 2022 2024 (projected)
Total Revenue18.5B17.8B19.4B18.7B
Depreciation And Amortization894M970M1.2B1.0B

L3Harris Technologies fundamental ratios Correlations

0.80.480.720.030.820.780.2-0.440.990.78-0.440.15-0.060.940.740.890.00.860.850.890.820.220.310.080.68
0.80.260.99-0.540.991.00.54-0.740.710.98-0.740.57-0.440.890.720.98-0.590.980.930.980.340.730.01-0.250.98
0.480.260.150.370.250.280.42-0.380.570.34-0.38-0.620.570.30.820.420.320.230.10.430.6-0.250.550.670.15
0.720.990.15-0.650.970.990.56-0.740.610.97-0.740.67-0.520.840.640.94-0.690.960.920.940.220.81-0.07-0.340.99
0.03-0.540.37-0.65-0.47-0.54-0.630.420.19-0.560.42-0.860.59-0.26-0.12-0.350.96-0.48-0.47-0.380.5-0.870.310.48-0.64
0.820.990.250.97-0.470.990.43-0.780.740.95-0.780.55-0.50.870.680.98-0.550.960.910.970.350.73-0.06-0.320.98
0.781.00.280.99-0.540.990.55-0.80.70.97-0.80.55-0.460.850.720.98-0.610.960.90.970.30.76-0.03-0.280.99
0.20.540.420.56-0.630.430.55-0.450.120.67-0.450.230.130.390.720.48-0.550.50.410.54-0.020.440.320.290.53
-0.44-0.74-0.38-0.740.42-0.78-0.8-0.45-0.41-0.71.0-0.30.53-0.4-0.58-0.740.62-0.6-0.45-0.70.05-0.750.310.39-0.81
0.990.710.570.610.190.740.70.12-0.410.68-0.41-0.010.030.870.730.830.140.770.740.820.870.090.350.160.58
0.780.980.340.97-0.560.950.970.67-0.70.68-0.70.52-0.30.890.80.96-0.570.970.920.980.360.680.13-0.10.94
-0.44-0.74-0.38-0.740.42-0.78-0.8-0.451.0-0.41-0.7-0.30.53-0.4-0.58-0.740.62-0.6-0.45-0.70.05-0.750.310.39-0.81
0.150.57-0.620.67-0.860.550.550.23-0.3-0.010.52-0.3-0.790.4-0.090.4-0.830.560.620.4-0.340.84-0.44-0.720.66
-0.06-0.440.57-0.520.59-0.5-0.460.130.530.03-0.30.53-0.79-0.140.25-0.320.73-0.35-0.34-0.260.46-0.830.780.98-0.59
0.940.890.30.84-0.260.870.850.39-0.40.870.89-0.40.4-0.140.720.91-0.220.960.970.930.680.380.310.030.78
0.740.720.820.64-0.120.680.720.72-0.580.730.8-0.58-0.090.250.720.8-0.130.710.610.830.60.210.50.430.62
0.890.980.420.94-0.350.980.980.48-0.740.830.96-0.740.4-0.320.910.8-0.420.960.90.990.490.60.1-0.140.93
0.0-0.590.32-0.690.96-0.55-0.61-0.550.620.14-0.570.62-0.830.73-0.22-0.13-0.42-0.48-0.44-0.420.55-0.960.470.63-0.72
0.860.980.230.96-0.480.960.960.5-0.60.770.97-0.60.56-0.350.960.710.96-0.480.980.970.460.630.12-0.170.93
0.850.930.10.92-0.470.910.90.41-0.450.740.92-0.450.62-0.340.970.610.9-0.440.980.920.480.580.14-0.180.87
0.890.980.430.94-0.380.970.970.54-0.70.820.98-0.70.4-0.260.930.830.99-0.420.970.920.510.580.17-0.070.92
0.820.340.60.220.50.350.3-0.020.050.870.360.05-0.340.460.680.60.490.550.460.480.51-0.380.640.540.15
0.220.73-0.250.81-0.870.730.760.44-0.750.090.68-0.750.84-0.830.380.210.6-0.960.630.580.58-0.38-0.51-0.720.85
0.310.010.55-0.070.31-0.06-0.030.320.310.350.130.31-0.440.780.310.50.10.470.120.140.170.64-0.510.83-0.16
0.08-0.250.67-0.340.48-0.32-0.280.290.390.16-0.10.39-0.720.980.030.43-0.140.63-0.17-0.18-0.070.54-0.720.83-0.41
0.680.980.150.99-0.640.980.990.53-0.810.580.94-0.810.66-0.590.780.620.93-0.720.930.870.920.150.85-0.16-0.41
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L3Harris Technologies Account Relationship Matchups

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