Harmonic Short Term Investments vs Other Current Assets Analysis

HLIT Stock

USD 12.39 0.31 2.57%

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 Other Current Assets 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 closely tied 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 Other Current Assets

Short Term Investments vs Other Current Assets 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 Other Current Assets. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Harmonic's Short Term Investments and Other Current Assets is 0.15. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Current Assets 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 Other Current 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 Short Term Investments of Harmonic are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Short Term Investments i.e., Harmonic's Short Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.15

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

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.

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.

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 closely tied 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 34.56 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

Gross Profit Total Revenue

Harmonic fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt Total	Short Term Debt	Intangible Assets	Short Term Investments	Other Liab
Total Assets		0.78	0.54	0.76	0.7	0.02	-0.8	0.65	0.68	0.78	0.57	0.7	0.97	0.72	0.63	0.89	0.61	0.35	0.9	0.39	0.26	0.76	0.3	0.33	-0.08	0.69
Other Current Liab	0.78		0.76	0.29	0.58	0.55	-0.83	0.78	0.38	0.87	0.07	0.73	0.68	0.57	0.37	0.79	0.86	0.44	0.53	0.75	0.54	0.86	0.46	0.0	-0.56	0.38
Total Current Liabilities	0.54	0.76		0.1	0.66	0.65	-0.55	0.77	0.29	0.8	-0.03	0.82	0.49	0.73	0.22	0.45	0.71	0.78	0.42	0.68	0.21	0.64	0.91	-0.33	-0.62	0.25
Total Stockholder Equity	0.76	0.29	0.1		0.32	-0.58	-0.45	0.13	0.49	0.43	0.83	0.49	0.84	0.51	0.65	0.64	-0.05	0.17	0.9	-0.25	-0.29	0.19	0.04	0.68	0.5	0.72
Property Plant And Equipment Net	0.7	0.58	0.66	0.32		0.29	-0.52	0.68	0.62	0.62	0.26	0.51	0.67	0.71	0.48	0.54	0.7	0.46	0.58	0.56	0.31	0.75	0.5	-0.12	-0.32	0.55
Net Debt	0.02	0.55	0.65	-0.58	0.29		-0.29	0.5	-0.1	0.45	-0.63	0.33	-0.13	0.11	-0.25	0.09	0.74	0.44	-0.29	0.78	0.61	0.53	0.53	-0.63	-0.91	-0.25
Retained Earnings	-0.8	-0.83	-0.55	-0.45	-0.52	-0.29		-0.55	-0.6	-0.86	-0.38	-0.67	-0.76	-0.37	-0.47	-0.96	-0.68	-0.33	-0.61	-0.51	-0.54	-0.8	-0.23	-0.07	0.43	-0.43
Accounts Payable	0.65	0.78	0.77	0.13	0.68	0.5	-0.55		0.48	0.6	0.06	0.51	0.55	0.74	0.25	0.52	0.84	0.3	0.48	0.82	0.42	0.83	0.52	-0.15	-0.49	0.21
Cash	0.68	0.38	0.29	0.49	0.62	-0.1	-0.6	0.48		0.45	0.71	0.38	0.7	0.44	0.48	0.65	0.45	0.21	0.73	0.26	0.36	0.59	0.11	0.01	-0.07	0.41
Non Current Assets Total	0.78	0.87	0.8	0.43	0.62	0.45	-0.86	0.6	0.45		0.28	0.91	0.73	0.53	0.46	0.8	0.69	0.71	0.62	0.53	0.41	0.73	0.59	0.03	-0.47	0.56
Cash And Short Term Investments	0.57	0.07	-0.03	0.83	0.26	-0.63	-0.38	0.06	0.71	0.28		0.31	0.68	0.31	0.57	0.52	-0.13	0.08	0.82	-0.3	-0.15	0.08	-0.09	0.52	0.56	0.65
Net Receivables	0.7	0.73	0.82	0.49	0.51	0.33	-0.67	0.51	0.38	0.91	0.31		0.68	0.62	0.43	0.64	0.48	0.84	0.65	0.32	0.09	0.51	0.75	0.04	-0.35	0.49
Common Stock Shares Outstanding	0.97	0.68	0.49	0.84	0.67	-0.13	-0.76	0.55	0.7	0.73	0.68	0.68		0.7	0.62	0.88	0.46	0.36	0.94	0.25	0.1	0.66	0.3	0.35	0.04	0.71
Inventory	0.72	0.57	0.73	0.51	0.71	0.11	-0.37	0.74	0.44	0.53	0.31	0.62	0.7		0.51	0.45	0.49	0.43	0.74	0.38	-0.13	0.5	0.66	0.11	-0.08	0.48
Other Current Assets	0.63	0.37	0.22	0.65	0.48	-0.25	-0.47	0.25	0.48	0.46	0.57	0.43	0.62	0.51		0.56	0.18	0.12	0.7	-0.02	0.05	0.25	0.07	0.61	0.15	0.7
Other Stockholder Equity	0.89	0.79	0.45	0.64	0.54	0.09	-0.96	0.52	0.65	0.8	0.52	0.64	0.88	0.45	0.56		0.59	0.25	0.74	0.4	0.42	0.77	0.14	0.24	-0.24	0.53
Total Liab	0.61	0.86	0.71	-0.05	0.7	0.74	-0.68	0.84	0.45	0.69	-0.13	0.48	0.46	0.49	0.18	0.59		0.34	0.29	0.91	0.75	0.94	0.42	-0.31	-0.74	0.18
Property Plant And Equipment Gross	0.35	0.44	0.78	0.17	0.46	0.44	-0.33	0.3	0.21	0.71	0.08	0.84	0.36	0.43	0.12	0.25	0.34		0.32	0.28	0.0	0.3	0.86	-0.31	-0.41	0.3
Total Current Assets	0.9	0.53	0.42	0.9	0.58	-0.29	-0.61	0.48	0.73	0.62	0.82	0.65	0.94	0.74	0.7	0.74	0.29	0.32		0.09	-0.05	0.46	0.28	0.46	0.24	0.74
Non Currrent Assets Other	0.39	0.75	0.68	-0.25	0.56	0.78	-0.51	0.82	0.26	0.53	-0.3	0.32	0.25	0.38	-0.02	0.4	0.91	0.28	0.09		0.67	0.83	0.41	-0.47	-0.75	-0.05
Non Current Liabilities Total	0.26	0.54	0.21	-0.29	0.31	0.61	-0.54	0.42	0.36	0.41	-0.15	0.09	0.1	-0.13	0.05	0.42	0.75	0.0	-0.05	0.67		0.67	-0.12	-0.23	-0.63	0.05
Short Long Term Debt Total	0.76	0.86	0.64	0.19	0.75	0.53	-0.8	0.83	0.59	0.73	0.08	0.51	0.66	0.5	0.25	0.77	0.94	0.3	0.46	0.83	0.67		0.32	-0.19	-0.61	0.27
Short Term Debt	0.3	0.46	0.91	0.04	0.5	0.53	-0.23	0.52	0.11	0.59	-0.09	0.75	0.3	0.66	0.07	0.14	0.42	0.86	0.28	0.41	-0.12	0.32		-0.41	-0.46	0.14
Intangible Assets	0.33	0.0	-0.33	0.68	-0.12	-0.63	-0.07	-0.15	0.01	0.03	0.52	0.04	0.35	0.11	0.61	0.24	-0.31	-0.31	0.46	-0.47	-0.23	-0.19	-0.41		0.68	0.62
Short Term Investments	-0.08	-0.56	-0.62	0.5	-0.32	-0.91	0.43	-0.49	-0.07	-0.47	0.56	-0.35	0.04	-0.08	0.15	-0.24	-0.74	-0.41	0.24	-0.75	-0.63	-0.61	-0.46	0.68		0.32
Other Liab	0.69	0.38	0.25	0.72	0.55	-0.25	-0.43	0.21	0.41	0.56	0.65	0.49	0.71	0.48	0.7	0.53	0.18	0.3	0.74	-0.05	0.05	0.27	0.14	0.62	0.32

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Harmonic Account Relationship Matchups

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	50.3M	53.6M	66.7M	61.0M	49.6M
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	437.5M	459.3M
Cash And Short Term Investments	93.1M	98.6M	133.4M	89.6M	84.3M	122.7M
Net Receivables	88.5M	76.0M	96.6M	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	28.3M	21.9M	28.7M	16.2M	22.8M
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	330.7M	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	36.1M	22.5M
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	19.1M	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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