Raytheon Total Stockholder Equity vs Net Tangible Assets Analysis

0R2N Stock   116.88  1.56  1.35%   
Raytheon Technologies financial indicator trend analysis is much more than just breaking down Raytheon Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Raytheon Technologies is a good investment. Please check the relationship between Raytheon Technologies Total Stockholder Equity and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Raytheon Technologies Corp. 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.

Total Stockholder Equity vs Net Tangible Assets

Total Stockholder Equity vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Raytheon Technologies Total Stockholder Equity account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Raytheon Technologies' Total Stockholder Equity and Net Tangible Assets is -0.4. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Raytheon Technologies Corp, assuming nothing else is changed. The correlation between historical values of Raytheon Technologies' Total Stockholder Equity and Net Tangible 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 Total Stockholder Equity of Raytheon Technologies Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Stockholder Equity i.e., Raytheon Technologies' Total Stockholder Equity and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.4
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Raytheon Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Raytheon 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 Raytheon Technologies Corp. 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.
Tax Provision is likely to drop to about 686.2 M in 2024. Discontinued Operations is likely to gain to about (16.2 M) in 2024
 2020 2021 2023 2024 (projected)
Interest Income1.4B1.3B1.5B1.4B
Tax Provision575M786M707.4M686.2M

Raytheon Technologies fundamental ratios Correlations

0.760.820.90.96-0.19-0.57-0.59-0.41-0.36-0.620.76-0.360.950.980.40.320.740.920.740.92-0.040.980.970.970.96
0.760.720.820.56-0.14-0.86-0.2-0.25-0.76-0.511.0-0.760.660.740.250.50.220.950.730.510.480.660.590.60.57
0.820.720.970.72-0.55-0.34-0.25-0.67-0.62-0.90.72-0.620.610.690.120.790.410.850.980.660.350.740.720.690.82
0.90.820.970.79-0.5-0.48-0.35-0.58-0.6-0.820.82-0.60.740.80.30.670.480.940.950.720.290.820.80.780.86
0.960.560.720.79-0.13-0.4-0.68-0.37-0.13-0.530.56-0.130.960.960.420.150.860.770.60.96-0.270.991.00.990.98
-0.19-0.14-0.55-0.5-0.13-0.350.040.550.20.55-0.140.2-0.03-0.02-0.35-0.6-0.09-0.23-0.6-0.05-0.18-0.08-0.15-0.13-0.29
-0.57-0.86-0.34-0.48-0.4-0.350.12-0.130.610.14-0.860.61-0.57-0.64-0.13-0.14-0.1-0.75-0.33-0.38-0.38-0.53-0.42-0.44-0.32
-0.59-0.2-0.25-0.35-0.680.040.120.45-0.380.21-0.2-0.38-0.71-0.63-0.550.3-0.89-0.39-0.18-0.770.71-0.65-0.71-0.73-0.66
-0.41-0.25-0.67-0.58-0.370.55-0.130.450.170.83-0.250.17-0.23-0.260.04-0.6-0.37-0.42-0.72-0.44-0.02-0.35-0.39-0.37-0.54
-0.36-0.76-0.62-0.6-0.130.20.61-0.380.170.49-0.761.0-0.16-0.290.28-0.770.24-0.64-0.67-0.08-0.86-0.23-0.14-0.12-0.19
-0.62-0.51-0.9-0.82-0.530.550.140.210.830.49-0.510.49-0.36-0.460.06-0.84-0.27-0.66-0.93-0.52-0.34-0.54-0.52-0.49-0.67
0.761.00.720.820.56-0.14-0.86-0.2-0.25-0.76-0.51-0.760.660.740.250.50.220.950.730.510.480.660.590.60.57
-0.36-0.76-0.62-0.6-0.130.20.61-0.380.171.00.49-0.76-0.16-0.290.28-0.770.24-0.64-0.67-0.08-0.86-0.23-0.14-0.12-0.19
0.950.660.610.740.96-0.03-0.57-0.71-0.23-0.16-0.360.66-0.160.980.530.020.830.810.50.92-0.260.970.970.980.9
0.980.740.690.80.96-0.02-0.64-0.63-0.26-0.29-0.460.74-0.290.980.440.140.760.880.590.92-0.130.990.960.970.91
0.40.250.120.30.42-0.35-0.13-0.550.040.280.060.250.280.530.44-0.280.460.320.090.32-0.390.390.450.490.37
0.320.50.790.670.15-0.6-0.140.3-0.6-0.77-0.840.5-0.770.020.14-0.28-0.190.510.860.090.750.190.150.110.31
0.740.220.410.480.86-0.09-0.1-0.89-0.370.24-0.270.220.240.830.760.46-0.190.460.280.91-0.670.810.870.870.83
0.920.950.850.940.77-0.23-0.75-0.39-0.42-0.64-0.660.95-0.640.810.880.320.510.460.830.720.30.840.790.80.79
0.740.730.980.950.6-0.6-0.33-0.18-0.72-0.67-0.930.73-0.670.50.590.090.860.280.830.540.450.630.610.580.72
0.920.510.660.720.96-0.05-0.38-0.77-0.44-0.08-0.520.51-0.080.920.920.320.090.910.720.54-0.360.960.970.960.95
-0.040.480.350.29-0.27-0.18-0.380.71-0.02-0.86-0.340.48-0.86-0.26-0.13-0.390.75-0.670.30.45-0.36-0.17-0.27-0.29-0.2
0.980.660.740.820.99-0.08-0.53-0.65-0.35-0.23-0.540.66-0.230.970.990.390.190.810.840.630.96-0.170.990.990.96
0.970.590.720.81.0-0.15-0.42-0.71-0.39-0.14-0.520.59-0.140.970.960.450.150.870.790.610.97-0.270.991.00.98
0.970.60.690.780.99-0.13-0.44-0.73-0.37-0.12-0.490.6-0.120.980.970.490.110.870.80.580.96-0.290.991.00.97
0.960.570.820.860.98-0.29-0.32-0.66-0.54-0.19-0.670.57-0.190.90.910.370.310.830.790.720.95-0.20.960.980.97
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Raytheon Technologies Account Relationship Matchups

Raytheon Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets134.2B139.6B162.2B161.4B185.6B152.7B
Short Long Term Debt Total41.2B37.7B31.0B31.3B36.0B36.6B
Other Current Liab23.7B13.9B13.9B15.0B17.2B14.5B
Total Current Liabilities46.6B35.8B35.4B39.1B45.0B39.0B
Total Stockholder Equity38.4B41.8B72.2B73.1B84.0B56.1B
Other Liab9.9B19.9B18.3B13.3B11.9B13.1B
Net Tangible Assets(19.3B)(22.7B)(19.9B)(18.0B)(20.7B)(21.8B)
Retained Earnings61.6B49.4B50.3B52.3B47.0B43.5B
Accounts Payable7.8B8.6B8.8B9.9B8.9B7.4B
Cash6.2B4.9B8.8B7.8B9.0B8.1B
Other Assets1.9B4.0B6.6B6.2B5.5B4.7B
Long Term Debt41.2B37.7B31.0B31.3B36.0B36.6B
Cash And Short Term Investments6.2B4.9B8.8B7.8B9.0B8.1B
Net Receivables13.2B19.2B21.0B20.6B23.7B19.1B
Good Will48.1B36.6B54.3B54.4B62.6B48.7B
Inventory9.0B9.4B9.2B10.6B12.2B10.7B
Other Current Assets34.4B6.0B4.0B5.0B4.5B7.0B
Other Stockholder Equity(10.2B)(3.8B)(2.0B)(2.0B)(2.4B)(2.5B)
Total Liab95.8B97.8B90.0B88.3B101.6B96.6B
Total Current Assets61.6B43.4B42.1B42.4B48.8B47.3B
Treasury Stock(32.5B)(32.6B)(10.4B)(12.7B)(14.6B)(15.4B)
Short Term Debt1.5B2.3B247M134M120.6M114.6M
Intangible Assets26.4B24.5B40.5B38.5B44.3B32.1B
Common Stock23.0B36.9B37.5B37.9B43.6B32.2B
Property Plant Equipment11.6B16.8B16.9B17.0B19.5B15.6B

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