Harmonic Non Current Assets Total vs Accounts Payable Analysis
HLIT Stock | USD 11.35 0.39 3.56% |
Harmonic financial indicator trend analysis is much more than just examining Harmonic latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harmonic is a good investment. Please check the relationship between Harmonic Non Current Assets Total and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.
Non Current Assets Total vs Accounts Payable
Non Current Assets Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harmonic Non Current Assets Total account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Harmonic's Non Current Assets Total and Accounts Payable is 0.6. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Harmonic, assuming nothing else is changed. The correlation between historical values of Harmonic's Non Current Assets Total and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Harmonic are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Assets Total i.e., Harmonic's Non Current Assets Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Accounts Payable
An accounting item on the balance sheet that represents Harmonic obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Harmonic are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Harmonic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harmonic 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.At this time, Harmonic's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 8.4 M in 2024, whereas Enterprise Value Multiple is likely to drop 21.40 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 259.7M | 315.9M | 312.5M | 166.2M | Total Revenue | 507.1M | 625.0M | 607.9M | 360.1M |
Harmonic fundamental ratios Correlations
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Harmonic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Harmonic fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 587.3M | 591.5M | 693.7M | 710.0M | 768.2M | 475.5M | |
Other Current Liab | 63.8M | 57.7M | 53.6M | 66.7M | 61.0M | 49.9M | |
Total Current Liabilities | 148.5M | 147.3M | 224.5M | 322.1M | 272.4M | 286.0M | |
Total Stockholder Equity | 254.9M | 258.3M | 296.8M | 324.5M | 436.9M | 286.9M | |
Property Plant And Equipment Net | 22.9M | 70.7M | 73.7M | 65.3M | 57.5M | 34.2M | |
Net Debt | 56.2M | 52.7M | 56.8M | 71.2M | 71.8M | 75.4M | |
Retained Earnings | (2.1B) | (2.1B) | (2.1B) | (2.0B) | (2.0B) | (2.1B) | |
Accounts Payable | 40.9M | 23.5M | 64.4M | 67.5M | 38.6M | 26.7M | |
Cash | 93.1M | 98.6M | 133.4M | 89.6M | 84.3M | 76.2M | |
Non Current Assets Total | 336.0M | 353.5M | 370.6M | 362.3M | 439.4M | 461.3M | |
Cash And Short Term Investments | 93.1M | 98.6M | 133.4M | 89.6M | 84.3M | 122.7M | |
Net Receivables | 88.5M | 66.2M | 88.5M | 108.4M | 146.3M | 153.6M | |
Common Stock Shares Outstanding | 89.6M | 97.0M | 106.2M | 112.4M | 117.4M | 85.7M | |
Liabilities And Stockholders Equity | 587.3M | 591.5M | 693.7M | 710.0M | 768.2M | 475.5M | |
Inventory | 29.0M | 35.0M | 71.2M | 120.9M | 84.0M | 45.9M | |
Other Current Assets | 15.2M | 16.9M | 13.8M | 28.7M | 14.3M | 22.0M | |
Other Stockholder Equity | 2.3B | 2.4B | 2.4B | 2.4B | 2.4B | 2.0B | |
Total Liab | 332.5M | 333.2M | 396.9M | 385.5M | 331.3M | 188.6M | |
Property Plant And Equipment Gross | 50.4M | 70.7M | 73.7M | 65.3M | 167.9M | 176.3M | |
Total Current Assets | 251.4M | 238.0M | 323.1M | 347.7M | 328.9M | 266.8M | |
Accumulated Other Comprehensive Income | (3.1M) | 5.9M | (3.3M) | (9.7M) | (5.7M) | (5.4M) | |
Non Currrent Assets Other | 54.6M | 38.6M | 56.7M | 59.3M | 38.0M | 22.6M | |
Non Current Liabilities Total | 183.9M | 185.9M | 172.4M | 63.4M | 58.9M | 71.7M | |
Short Long Term Debt Total | 149.2M | 151.4M | 190.2M | 160.8M | 156.1M | 85.1M | |
Short Term Debt | 6.7M | 11.8M | 49.2M | 125.5M | 126.6M | 132.9M | |
Intangible Assets | 21.3M | 12.8M | 4.5M | 508K | 457.2K | 434.3K | |
Other Liab | 15.7M | 46.3M | 31.4M | 28.2M | 32.4M | 34.4M | |
Other Assets | 37.7M | 66.2M | 56.7M | 61.7M | 71.0M | 74.5M | |
Common Stock Total Equity | 87K | 92K | 98K | 103K | 118.5K | 95.2K | |
Common Stock | 92K | 98K | 103K | 110K | 112K | 106.4K | |
Property Plant Equipment | 22.9M | 43.1M | 73.7M | 65.3M | 75.1M | 78.8M | |
Current Deferred Revenue | 37.1M | 54.3M | 57.2M | 62.4M | 46.2M | 45.8M | |
Long Term Debt | 88.6M | 139.6M | 111.9M | 11.2M | 10.5M | 10.0M | |
Good Will | 239.8M | 243.7M | 240.2M | 237.7M | 239.2M | 174.4M | |
Net Tangible Assets | 10.6M | 14.1M | 55.7M | 86.8M | 78.1M | 85.7M | |
Retained Earnings Total Equity | (2.1B) | (2.1B) | (2.1B) | (2.1B) | (1.9B) | (2.0B) | |
Capital Surpluse | 2.3B | 2.3B | 2.4B | 2.4B | 2.1B | 1.9B | |
Non Current Liabilities Other | 41.4M | 46.3M | 31.4M | 28.2M | 29.5M | 26.8M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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Is Harmonic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Harmonic. If investors know Harmonic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Harmonic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 13.465 | Earnings Share 0.61 | Revenue Per Share 5.108 | Quarterly Revenue Growth (0.23) | Return On Assets 0.01 |
The market value of Harmonic is measured differently than its book value, which is the value of Harmonic that is recorded on the company's balance sheet. Investors also form their own opinion of Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Harmonic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harmonic's market value can be influenced by many factors that don't directly affect Harmonic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmonic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.