L3Harris Free Cash Flow vs Capital Expenditures Analysis

0L3H Stock

246.09 0.85 0.35%

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 Free Cash Flow and its Capital Expenditures 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.

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of L3Harris Technologies Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have weak relationship.

The correlation between L3Harris Technologies' Free Cash Flow and Capital Expenditures is 0.32. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures 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' Free Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of L3Harris Technologies are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., L3Harris Technologies' Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Capital Expenditures

Capital Expenditures are funds used by L3Harris Technologies to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of L3Harris Technologies operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

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 Revenue	18.5B	17.8B	19.4B	18.7B
Depreciation And Amortization	894M	970M	1.2B	1.0B

Total Revenue Depreciation And Amortization

L3Harris Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Short Term Investments	Common Stock	Current Deferred Revenue
Total Assets		0.8	0.48	0.72	0.03	0.82	0.78	0.2	-0.44	0.99	0.78	-0.44	0.15	-0.06	0.94	0.74	0.89	0.0	0.86	0.85	0.89	0.82	0.22	0.31	0.08	0.68
Short Long Term Debt Total	0.8		0.26	0.99	-0.54	0.99	1.0	0.54	-0.74	0.71	0.98	-0.74	0.57	-0.44	0.89	0.72	0.98	-0.59	0.98	0.93	0.98	0.34	0.73	0.01	-0.25	0.98
Other Current Liab	0.48	0.26		0.15	0.37	0.25	0.28	0.42	-0.38	0.57	0.34	-0.38	-0.62	0.57	0.3	0.82	0.42	0.32	0.23	0.1	0.43	0.6	-0.25	0.55	0.67	0.15
Total Current Liabilities	0.72	0.99	0.15		-0.65	0.97	0.99	0.56	-0.74	0.61	0.97	-0.74	0.67	-0.52	0.84	0.64	0.94	-0.69	0.96	0.92	0.94	0.22	0.81	-0.07	-0.34	0.99
Total Stockholder Equity	0.03	-0.54	0.37	-0.65		-0.47	-0.54	-0.63	0.42	0.19	-0.56	0.42	-0.86	0.59	-0.26	-0.12	-0.35	0.96	-0.48	-0.47	-0.38	0.5	-0.87	0.31	0.48	-0.64
Property Plant And Equipment Net	0.82	0.99	0.25	0.97	-0.47		0.99	0.43	-0.78	0.74	0.95	-0.78	0.55	-0.5	0.87	0.68	0.98	-0.55	0.96	0.91	0.97	0.35	0.73	-0.06	-0.32	0.98
Net Debt	0.78	1.0	0.28	0.99	-0.54	0.99		0.55	-0.8	0.7	0.97	-0.8	0.55	-0.46	0.85	0.72	0.98	-0.61	0.96	0.9	0.97	0.3	0.76	-0.03	-0.28	0.99
Retained Earnings	0.2	0.54	0.42	0.56	-0.63	0.43	0.55		-0.45	0.12	0.67	-0.45	0.23	0.13	0.39	0.72	0.48	-0.55	0.5	0.41	0.54	-0.02	0.44	0.32	0.29	0.53
Cash	-0.44	-0.74	-0.38	-0.74	0.42	-0.78	-0.8	-0.45		-0.41	-0.7	1.0	-0.3	0.53	-0.4	-0.58	-0.74	0.62	-0.6	-0.45	-0.7	0.05	-0.75	0.31	0.39	-0.81
Non Current Assets Total	0.99	0.71	0.57	0.61	0.19	0.74	0.7	0.12	-0.41		0.68	-0.41	-0.01	0.03	0.87	0.73	0.83	0.14	0.77	0.74	0.82	0.87	0.09	0.35	0.16	0.58
Non Currrent Assets Other	0.78	0.98	0.34	0.97	-0.56	0.95	0.97	0.67	-0.7	0.68		-0.7	0.52	-0.3	0.89	0.8	0.96	-0.57	0.97	0.92	0.98	0.36	0.68	0.13	-0.1	0.94
Cash And Short Term Investments	-0.44	-0.74	-0.38	-0.74	0.42	-0.78	-0.8	-0.45	1.0	-0.41	-0.7		-0.3	0.53	-0.4	-0.58	-0.74	0.62	-0.6	-0.45	-0.7	0.05	-0.75	0.31	0.39	-0.81
Net Receivables	0.15	0.57	-0.62	0.67	-0.86	0.55	0.55	0.23	-0.3	-0.01	0.52	-0.3		-0.79	0.4	-0.09	0.4	-0.83	0.56	0.62	0.4	-0.34	0.84	-0.44	-0.72	0.66
Common Stock Shares Outstanding	-0.06	-0.44	0.57	-0.52	0.59	-0.5	-0.46	0.13	0.53	0.03	-0.3	0.53	-0.79		-0.14	0.25	-0.32	0.73	-0.35	-0.34	-0.26	0.46	-0.83	0.78	0.98	-0.59
Non Current Liabilities Total	0.94	0.89	0.3	0.84	-0.26	0.87	0.85	0.39	-0.4	0.87	0.89	-0.4	0.4	-0.14		0.72	0.91	-0.22	0.96	0.97	0.93	0.68	0.38	0.31	0.03	0.78
Inventory	0.74	0.72	0.82	0.64	-0.12	0.68	0.72	0.72	-0.58	0.73	0.8	-0.58	-0.09	0.25	0.72		0.8	-0.13	0.71	0.61	0.83	0.6	0.21	0.5	0.43	0.62
Other Current Assets	0.89	0.98	0.42	0.94	-0.35	0.98	0.98	0.48	-0.74	0.83	0.96	-0.74	0.4	-0.32	0.91	0.8		-0.42	0.96	0.9	0.99	0.49	0.6	0.1	-0.14	0.93
Other Stockholder Equity	0.0	-0.59	0.32	-0.69	0.96	-0.55	-0.61	-0.55	0.62	0.14	-0.57	0.62	-0.83	0.73	-0.22	-0.13	-0.42		-0.48	-0.44	-0.42	0.55	-0.96	0.47	0.63	-0.72
Total Liab	0.86	0.98	0.23	0.96	-0.48	0.96	0.96	0.5	-0.6	0.77	0.97	-0.6	0.56	-0.35	0.96	0.71	0.96	-0.48		0.98	0.97	0.46	0.63	0.12	-0.17	0.93
Total Current Assets	0.85	0.93	0.1	0.92	-0.47	0.91	0.9	0.41	-0.45	0.74	0.92	-0.45	0.62	-0.34	0.97	0.61	0.9	-0.44	0.98		0.92	0.48	0.58	0.14	-0.18	0.87
Short Term Debt	0.89	0.98	0.43	0.94	-0.38	0.97	0.97	0.54	-0.7	0.82	0.98	-0.7	0.4	-0.26	0.93	0.83	0.99	-0.42	0.97	0.92		0.51	0.58	0.17	-0.07	0.92
Intangible Assets	0.82	0.34	0.6	0.22	0.5	0.35	0.3	-0.02	0.05	0.87	0.36	0.05	-0.34	0.46	0.68	0.6	0.49	0.55	0.46	0.48	0.51		-0.38	0.64	0.54	0.15
Accounts Payable	0.22	0.73	-0.25	0.81	-0.87	0.73	0.76	0.44	-0.75	0.09	0.68	-0.75	0.84	-0.83	0.38	0.21	0.6	-0.96	0.63	0.58	0.58	-0.38		-0.51	-0.72	0.85
Short Term Investments	0.31	0.01	0.55	-0.07	0.31	-0.06	-0.03	0.32	0.31	0.35	0.13	0.31	-0.44	0.78	0.31	0.5	0.1	0.47	0.12	0.14	0.17	0.64	-0.51		0.83	-0.16
Common Stock	0.08	-0.25	0.67	-0.34	0.48	-0.32	-0.28	0.29	0.39	0.16	-0.1	0.39	-0.72	0.98	0.03	0.43	-0.14	0.63	-0.17	-0.18	-0.07	0.54	-0.72	0.83		-0.41
Current Deferred Revenue	0.68	0.98	0.15	0.99	-0.64	0.98	0.99	0.53	-0.81	0.58	0.94	-0.81	0.66	-0.59	0.78	0.62	0.93	-0.72	0.93	0.87	0.92	0.15	0.85	-0.16	-0.41

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L3Harris Free Cash Flow vs Capital Expenditures Analysis

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Free Cash Flow

Capital Expenditures

L3Harris Technologies fundamental ratios Correlations

L3Harris Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Short Long Term Debt Total
Net Debt	+ 0.99	Total Current Liabilities

Accounts Payable	- 0.96	Other Stockholder Equity
Accounts Payable	- 0.87	Total Stockholder Equity
Net Receivables	- 0.86	Total Stockholder Equity
Accounts Payable	- 0.83	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.83	Net Receivables
Current Deferred Revenue	- 0.81	Cash And Short Term Investments