Harmonic Short Term Investments vs Cash And Short Term Investments 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 Short Term Investments and its Cash And Short Term Investments 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.
Short Term Investments vs Cash And Short Term Investments
Short Term Investments vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harmonic Short Term Investments account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Harmonic's Short Term Investments and Cash And Short Term Investments is 0.56. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Harmonic, assuming nothing else is changed. The correlation between historical values of Harmonic's Short Term Investments and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Harmonic are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Short Term Investments i.e., Harmonic's Short Term Investments and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Harmonic balance sheet. It contains any investments Harmonic undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Harmonic can easily liquidate in the marketplace.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Harmonic balance sheet. This account contains Harmonic investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Harmonic 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.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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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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.