Harmonic Other Current Assets vs Cash Analysis
HLIT Stock | USD 11.21 0.25 2.28% |
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 Other Current Assets and its Cash 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.
Other Current Assets vs Cash
Other Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harmonic Other Current Assets account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Harmonic's Other Current Assets and Cash is 0.34. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Harmonic, assuming nothing else is changed. The correlation between historical values of Harmonic's Other Current Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Harmonic are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Current Assets i.e., Harmonic's Other Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Cash
Cash refers to the most liquid asset of Harmonic, which is listed under current asset account on Harmonic balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Harmonic customers. The amounts must be unrestricted with restricted cash listed in a different Harmonic account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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
Click cells to compare fundamentals
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 |
Harmonic Investors Sentiment
The influence of Harmonic's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Harmonic. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Harmonic's public news can be used to forecast risks associated with an investment in Harmonic. The trend in average sentiment can be used to explain how an investor holding Harmonic can time the market purely based on public headlines and social activities around Harmonic. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Harmonic's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Harmonic's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Harmonic's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Harmonic.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Harmonic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Harmonic's short interest history, or implied volatility extrapolated from Harmonic options trading.
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When running Harmonic's price analysis, check to measure Harmonic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmonic is operating at the current time. Most of Harmonic's value examination focuses on studying past and present price action to predict the probability of Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmonic's price. Additionally, you may evaluate how the addition of Harmonic to your portfolios can decrease your overall portfolio volatility.
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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.