Honeywell Cash And Short Term Investments vs Inventory Analysis

HON Stock

USD 229.11 3.02 1.34%

Honeywell International financial indicator trend analysis is much more than just examining Honeywell International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Honeywell International is a good investment. Please check the relationship between Honeywell International Cash And Short Term Investments and its Inventory accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Honeywell International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Honeywell Stock, please use our How to Invest in Honeywell International guide.

Cash And Short Term Investments vs Inventory

Cash And Short Term Investments vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Honeywell International Cash And Short Term Investments account and Inventory. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Honeywell International's Cash And Short Term Investments and Inventory is 0.57. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of Honeywell International, assuming nothing else is changed. The correlation between historical values of Honeywell International's Cash And Short Term Investments and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Honeywell International are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash And Short Term Investments i.e., Honeywell International's Cash And Short Term Investments and Inventory go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Honeywell International balance sheet. This account contains Honeywell International investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Honeywell International 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.

Inventory

Most indicators from Honeywell International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Honeywell International 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 Honeywell International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Honeywell Stock, please use our How to Invest in Honeywell International guide.As of the 22nd of November 2024, Tax Provision is likely to grow to about 1.4 B, while Selling General Administrative is likely to drop about 4.4 B.

	2021	2022	2023	2024 (projected)
Gross Profit	11.0B	11.6B	13.7B	7.4B
Total Revenue	34.4B	35.5B	36.7B	28.3B

Gross Profit Total Revenue

Honeywell International 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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock Total Equity
Total Assets		0.72	0.13	0.98	0.86	0.83	0.5	0.7	0.81	0.99	0.5	0.9	0.73	-0.31	0.72	0.85	0.74	-0.63	0.98	0.32	0.97	0.79	0.64	0.95	0.95	0.75
Short Long Term Debt Total	0.72		-0.23	0.67	0.47	0.68	0.91	0.95	0.84	0.75	0.79	0.7	0.3	-0.42	0.95	0.61	0.49	-0.92	0.76	0.7	0.65	0.66	0.66	0.62	0.7	0.58
Other Current Liab	0.13	-0.23		0.18	0.17	0.14	-0.24	-0.17	-0.15	0.09	-0.43	-0.05	0.59	0.59	-0.04	0.18	-0.03	0.2	0.11	-0.29	0.19	-0.19	0.08	0.28	0.25	0.46
Total Current Liabilities	0.98	0.67	0.18		0.89	0.85	0.46	0.66	0.74	0.96	0.41	0.83	0.78	-0.2	0.64	0.83	0.79	-0.57	0.94	0.29	0.95	0.84	0.7	0.95	0.96	0.77
Total Stockholder Equity	0.86	0.47	0.17	0.89		0.76	0.22	0.48	0.67	0.8	0.19	0.75	0.81	0.0	0.39	0.65	0.92	-0.33	0.75	0.07	0.91	0.76	0.66	0.85	0.86	0.67
Property Plant And Equipment Net	0.83	0.68	0.14	0.85	0.76		0.62	0.69	0.57	0.81	0.24	0.57	0.81	-0.06	0.64	0.87	0.72	-0.61	0.79	0.42	0.81	0.61	0.66	0.92	0.92	0.89
Net Debt	0.5	0.91	-0.24	0.46	0.22	0.62		0.86	0.53	0.56	0.65	0.39	0.18	-0.38	0.84	0.52	0.29	-0.86	0.56	0.77	0.38	0.47	0.63	0.47	0.56	0.47
Retained Earnings	0.7	0.95	-0.17	0.66	0.48	0.69	0.86		0.8	0.73	0.81	0.6	0.31	-0.4	0.92	0.68	0.52	-0.98	0.73	0.8	0.61	0.58	0.55	0.63	0.68	0.66
Cash	0.81	0.84	-0.15	0.74	0.67	0.57	0.53	0.8		0.78	0.74	0.9	0.37	-0.36	0.81	0.55	0.6	-0.74	0.81	0.4	0.81	0.72	0.51	0.64	0.68	0.55
Non Current Assets Total	0.99	0.75	0.09	0.96	0.8	0.81	0.56	0.73	0.78		0.56	0.86	0.66	-0.41	0.75	0.87	0.68	-0.68	0.99	0.41	0.92	0.79	0.64	0.93	0.94	0.72
Non Currrent Assets Other	0.5	0.79	-0.43	0.41	0.19	0.24	0.65	0.81	0.74	0.56		0.59	-0.16	-0.73	0.78	0.39	0.23	-0.86	0.57	0.68	0.38	0.49	0.23	0.3	0.32	0.2
Cash And Short Term Investments	0.9	0.7	-0.05	0.83	0.75	0.57	0.39	0.6	0.9	0.86	0.59		0.49	-0.38	0.68	0.57	0.63	-0.54	0.89	0.16	0.91	0.8	0.53	0.74	0.74	0.48
Net Receivables	0.73	0.3	0.59	0.78	0.81	0.81	0.18	0.31	0.37	0.66	-0.16	0.49		0.33	0.32	0.7	0.66	-0.19	0.65	-0.01	0.79	0.45	0.58	0.86	0.85	0.84
Common Stock Shares Outstanding	-0.31	-0.42	0.59	-0.2	0.0	-0.06	-0.38	-0.4	-0.36	-0.41	-0.73	-0.38	0.33		-0.38	-0.33	-0.09	0.52	-0.41	-0.47	-0.17	-0.3	0.06	-0.14	-0.12	0.17
Non Current Liabilities Total	0.72	0.95	-0.04	0.64	0.39	0.64	0.84	0.92	0.81	0.75	0.78	0.68	0.32	-0.38		0.65	0.33	-0.92	0.79	0.69	0.64	0.51	0.52	0.64	0.68	0.65
Inventory	0.85	0.61	0.18	0.83	0.65	0.87	0.52	0.68	0.55	0.87	0.39	0.57	0.7	-0.33	0.65		0.59	-0.68	0.85	0.56	0.78	0.5	0.39	0.92	0.87	0.82
Other Current Assets	0.74	0.49	-0.03	0.79	0.92	0.72	0.29	0.52	0.6	0.68	0.23	0.63	0.66	-0.09	0.33	0.59		-0.37	0.62	0.19	0.78	0.74	0.61	0.74	0.75	0.54
Other Stockholder Equity	-0.63	-0.92	0.2	-0.57	-0.33	-0.61	-0.86	-0.98	-0.74	-0.68	-0.86	-0.54	-0.19	0.52	-0.92	-0.68	-0.37		-0.69	-0.86	-0.52	-0.47	-0.4	-0.56	-0.59	-0.59
Total Liab	0.98	0.76	0.11	0.94	0.75	0.79	0.56	0.73	0.81	0.99	0.57	0.89	0.65	-0.41	0.79	0.85	0.62	-0.69		0.39	0.93	0.75	0.59	0.92	0.91	0.72
Property Plant And Equipment Gross	0.32	0.7	-0.29	0.29	0.07	0.42	0.77	0.8	0.4	0.41	0.68	0.16	-0.01	-0.47	0.69	0.56	0.19	-0.86	0.39		0.19	0.17	0.18	0.34	0.36	0.38
Total Current Assets	0.97	0.65	0.19	0.95	0.91	0.81	0.38	0.61	0.81	0.92	0.38	0.91	0.79	-0.17	0.64	0.78	0.78	-0.52	0.93	0.19		0.76	0.6	0.93	0.92	0.75
Short Term Debt	0.79	0.66	-0.19	0.84	0.76	0.61	0.47	0.58	0.72	0.79	0.49	0.8	0.45	-0.3	0.51	0.5	0.74	-0.47	0.75	0.17	0.76		0.78	0.67	0.72	0.42
Intangible Assets	0.64	0.66	0.08	0.7	0.66	0.66	0.63	0.55	0.51	0.64	0.23	0.53	0.58	0.06	0.52	0.39	0.61	-0.4	0.59	0.18	0.6	0.78		0.61	0.75	0.52
Accounts Payable	0.95	0.62	0.28	0.95	0.85	0.92	0.47	0.63	0.64	0.93	0.3	0.74	0.86	-0.14	0.64	0.92	0.74	-0.56	0.92	0.34	0.93	0.67	0.61		0.98	0.86
Good Will	0.95	0.7	0.25	0.96	0.86	0.92	0.56	0.68	0.68	0.94	0.32	0.74	0.85	-0.12	0.68	0.87	0.75	-0.59	0.91	0.36	0.92	0.72	0.75	0.98		0.84
Common Stock Total Equity	0.75	0.58	0.46	0.77	0.67	0.89	0.47	0.66	0.55	0.72	0.2	0.48	0.84	0.17	0.65	0.82	0.54	-0.59	0.72	0.38	0.75	0.42	0.52	0.86	0.84

Click cells to compare fundamentals

Honeywell International Account Relationship Matchups

Honeywell International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	58.7B	64.6B	64.5B	62.3B	61.5B	34.8B
Short Long Term Debt Total	16.0B	22.4B	19.6B	19.6B	21.5B	22.6B
Other Current Liab	5.0B	3.7B	3.7B	4.7B	3.4B	3.9B
Total Current Liabilities	18.1B	19.2B	19.5B	19.9B	18.5B	10.8B
Total Stockholder Equity	18.7B	17.8B	19.2B	17.3B	15.9B	11.0B
Property Plant And Equipment Net	5.3B	5.6B	5.6B	5.5B	6.7B	5.2B
Net Debt	6.9B	8.1B	8.6B	9.9B	13.6B	14.3B
Retained Earnings	37.7B	39.9B	42.8B	45.1B	48.0B	50.4B
Cash	9.1B	14.3B	11.0B	9.6B	7.9B	8.3B
Non Current Assets Total	34.4B	36.4B	39.1B	37.3B	38.0B	20.5B
Non Currrent Assets Other	9.1B	9.8B	10.5B	9.7B	8.7B	9.2B
Cash And Short Term Investments	10.4B	15.2B	11.5B	10.1B	8.1B	4.2B
Net Receivables	7.5B	6.8B	6.8B	7.4B	7.5B	5.1B
Common Stock Shares Outstanding	730.3M	711.2M	700.4M	683.1M	668.2M	785.4M
Liabilities And Stockholders Equity	58.7B	64.6B	64.5B	62.3B	61.5B	34.8B
Non Current Liabilities Total	21.9B	27.6B	25.7B	25.0B	26.5B	27.9B
Inventory	4.4B	4.5B	5.1B	5.5B	6.2B	3.7B
Other Current Assets	2.0B	1.6B	1.9B	1.9B	1.7B	1.0B
Other Stockholder Equity	(16.7B)	(19.9B)	(22.3B)	(25.9B)	(28.9B)	(27.5B)
Total Liab	40.0B	46.8B	45.2B	44.9B	45.1B	23.8B
Property Plant And Equipment Gross	5.3B	5.6B	14.5B	14.8B	15.3B	16.1B
Total Current Assets	24.3B	28.2B	25.4B	25.0B	23.5B	14.4B
Accumulated Other Comprehensive Income	(3.2B)	(3.4B)	(2.9B)	(3.5B)	(4.1B)	(3.9B)
Short Term Debt	4.9B	6.2B	5.5B	4.6B	4.1B	2.3B
Intangible Assets	3.7B	3.6B	3.6B	3.2B	3.2B	3.7B
Accounts Payable	5.7B	5.8B	6.5B	6.3B	6.8B	3.8B
Good Will	15.6B	16.1B	17.8B	17.5B	18.0B	11.2B
Short Term Investments	1.3B	945M	564M	483M	170M	161.5M
Other Liab	10.2B	11.3B	11.5B	9.1B	10.5B	8.7B
Other Assets	8.5B	10.5B	10.9B	9.3B	364M	345.8M
Long Term Debt	11.1B	16.3B	14.3B	15.1B	16.6B	8.8B
Treasury Stock	(23.8B)	(27.2B)	(30.5B)	(34.4B)	(31.0B)	(29.4B)
Property Plant Equipment	5.3B	5.6B	5.6B	5.5B	6.3B	5.6B
Current Deferred Revenue	2.5B	2.9B	3.2B	3.6B	3.5B	2.4B
Noncontrolling Interest In Consolidated Entity	212M	241M	673M	622M	715.3M	751.1M
Retained Earnings Total Equity	37.7B	39.9B	42.8B	45.1B	51.9B	28.2B
Deferred Long Term Liab	1.7B	2.1B	2.4B	2.1B	2.4B	1.3B

Pair Trading with Honeywell International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Honeywell International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Honeywell International will appreciate offsetting losses from the drop in the long position's value.

Moving together with Honeywell Stock

0.67

GFF

Griffon

Pair Corr

Moving against Honeywell Stock

0.85	RUN	Sunrun Inc Aggressive Push	Pair Corr
0.73	SLDP	Solid Power	Pair Corr
0.71	CP	Canadian Pacific Railway	Pair Corr
0.64	PITA	Heramba Electric plc	Pair Corr
0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

The ability to find closely correlated positions to Honeywell International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Honeywell International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Honeywell International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Honeywell International to buy it.

The correlation of Honeywell International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Honeywell International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Honeywell International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Honeywell International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Honeywell International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Honeywell International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Honeywell International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Honeywell International Stock:

How To Invest In Honeywell

Details

Is Honeywell Stock a good investment?

Details

What is Honeywell International's Net Worth?

Details

Largest Industrial Conglomerates Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Honeywell International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Honeywell Stock, please use our How to Invest in Honeywell International guide.

You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Is Industrial Conglomerates space 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 Honeywell International. If investors know Honeywell 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 Honeywell International 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

(0.05)

Dividend Share

4.32

Earnings Share

8.66

Revenue Per Share

58.021

Quarterly Revenue Growth

0.056

The market value of Honeywell International is measured differently than its book value, which is the value of Honeywell that is recorded on the company's balance sheet. Investors also form their own opinion of Honeywell International's value that differs from its market value or its book value, called intrinsic value, which is Honeywell International'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 Honeywell International's market value can be influenced by many factors that don't directly affect Honeywell International'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 Honeywell International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Honeywell International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Honeywell International'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.

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Honeywell Cash And Short Term Investments vs Inventory Analysis

Cash And Short Term Investments vs Inventory

Cash And Short Term Investments vs Inventory Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Inventory

Honeywell International fundamental ratios Correlations

Honeywell International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Honeywell International fundamental ratios Accounts

Pair Trading with Honeywell International

Moving together with Honeywell Stock

Moving against Honeywell Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Non Current Assets Total
Total Current Liabilities	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Good Will	+ 0.98	Accounts Payable
Total Current Assets	+ 0.97	Total Assets

Other Stockholder Equity	- 0.98	Retained Earnings
Other Stockholder Equity	- 0.92	Non Current Liabilities Total
Other Stockholder Equity	- 0.92	Short Long Term Debt Total
Property Plant And Equipment Gross	- 0.86	Other Stockholder Equity
Other Stockholder Equity	- 0.86	Non Currrent Assets Other
Other Stockholder Equity	- 0.86	Net Debt