Harris Current Deferred Revenue vs Common Stock Shares Outstanding Analysis

HT8 Stock

0.01 0 33.33%

Harris Technology financial indicator trend analysis is much more than just examining Harris Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harris Technology is a good investment. Please check the relationship between Harris Technology Current Deferred Revenue and its Common Stock Shares Outstanding accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harris Technology Group. 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.

Current Deferred Revenue vs Common Stock Shares Outstanding

Current Deferred Revenue vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harris Technology Current Deferred Revenue account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Harris Technology's Current Deferred Revenue and Common Stock Shares Outstanding is -0.16. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Harris Technology Group, assuming nothing else is changed. The correlation between historical values of Harris Technology's Current Deferred Revenue and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Harris Technology Group are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Current Deferred Revenue i.e., Harris Technology's Current Deferred Revenue and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Harris Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harris Technology 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 Harris Technology Group. 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.

Selling General Administrative is likely to drop to about 1.8 M in 2024. Discontinued Operations is likely to gain to about (1.3 M) in 2024

	2021	2022	2023	2024 (projected)
Cost Of Revenue	45.6M	22.7M	11.8M	11.9M
Total Revenue	50.3M	24.2M	16.7M	13.9M

Cost Of Revenue Total Revenue

Harris Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	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	Other Liab
Total Assets		0.42	0.31	0.87	0.42	0.43	-0.38	0.26	0.89	0.72	-0.06	-0.49	0.53	0.78	0.43	-0.12	0.15	0.91	0.25	-0.59	0.76	0.37	0.99	0.76	-0.45	-0.47
Short Long Term Debt Total	0.42		0.59	0.74	-0.61	0.24	-0.8	0.94	0.65	0.08	-0.61	-0.57	-0.23	0.67	0.33	-0.37	0.86	0.42	-0.02	-0.49	0.88	0.18	0.47	0.82	-0.53	-0.61
Other Current Liab	0.31	0.59		0.53	-0.33	0.33	-0.8	0.43	0.46	0.34	-0.05	-0.08	-0.5	0.5	0.31	-0.92	0.44	0.47	0.09	-0.06	0.57	0.29	0.33	0.54	-0.66	0.08
Total Current Liabilities	0.87	0.74	0.53		-0.05	0.28	-0.7	0.61	0.98	0.51	-0.31	-0.5	0.22	0.93	0.34	-0.28	0.44	0.83	0.08	-0.55	0.95	0.21	0.9	0.96	-0.5	-0.57
Total Stockholder Equity	0.42	-0.61	-0.33	-0.05		0.19	0.53	-0.72	0.03	0.51	0.58	0.15	0.68	-0.08	0.06	0.29	-0.73	0.33	0.24	0.0	-0.28	0.2	0.34	-0.19	0.16	0.24
Property Plant And Equipment Net	0.43	0.24	0.33	0.28	0.19		-0.2	0.27	0.25	0.12	0.09	-0.54	-0.06	0.32	0.79	-0.24	0.29	0.47	0.78	-0.56	0.31	0.99	0.39	0.23	-0.6	-0.24
Current Deferred Revenue	-0.38	-0.8	-0.8	-0.7	0.53	-0.2		-0.72	-0.63	-0.26	0.37	0.37	0.29	-0.75	-0.16	0.61	-0.66	-0.4	0.08	0.22	-0.78	-0.14	-0.44	-0.76	0.51	0.23
Net Debt	0.26	0.94	0.43	0.61	-0.72	0.27	-0.72		0.53	-0.17	-0.68	-0.65	-0.31	0.61	0.35	-0.23	0.92	0.29	0.02	-0.55	0.79	0.21	0.34	0.71	-0.49	-0.68
Accounts Payable	0.89	0.65	0.46	0.98	0.03	0.25	-0.63	0.53		0.56	-0.32	-0.53	0.27	0.9	0.39	-0.27	0.39	0.87	0.11	-0.6	0.92	0.19	0.93	0.9	-0.52	-0.59
Cash	0.72	0.08	0.34	0.51	0.51	0.12	-0.26	-0.17	0.56		0.16	-0.1	0.57	0.38	0.17	-0.32	-0.08	0.61	0.06	-0.17	0.4	0.08	0.67	0.38	-0.29	-0.03
Non Current Assets Total	-0.06	-0.61	-0.05	-0.31	0.58	0.09	0.37	-0.68	-0.32	0.16		0.61	0.11	-0.31	-0.32	0.01	-0.71	-0.13	0.07	0.59	-0.48	0.06	-0.18	-0.34	0.46	0.69
Non Currrent Assets Other	-0.49	-0.57	-0.08	-0.5	0.15	-0.54	0.37	-0.65	-0.53	-0.1	0.61		-0.16	-0.51	-0.67	-0.03	-0.69	-0.47	-0.32	0.89	-0.63	-0.52	-0.54	-0.46	0.6	0.8
Cash And Short Term Investments	0.53	-0.23	-0.5	0.22	0.68	-0.06	0.29	-0.31	0.27	0.57	0.11	-0.16		0.17	-0.1	0.59	-0.33	0.25	0.0	-0.21	0.08	-0.08	0.48	0.12	0.28	-0.24
Net Receivables	0.78	0.67	0.5	0.93	-0.08	0.32	-0.75	0.61	0.9	0.38	-0.31	-0.51	0.17		0.26	-0.2	0.42	0.74	0.08	-0.49	0.89	0.25	0.84	0.89	-0.46	-0.44
Common Stock Shares Outstanding	0.43	0.33	0.31	0.34	0.06	0.79	-0.16	0.35	0.39	0.17	-0.32	-0.67	-0.1	0.26		-0.36	0.43	0.56	0.79	-0.82	0.41	0.83	0.43	0.24	-0.83	-0.54
Short Term Investments	-0.12	-0.37	-0.92	-0.28	0.29	-0.24	0.61	-0.23	-0.27	-0.32	0.01	-0.03	0.59	-0.2	-0.36		-0.34	-0.34	-0.13	-0.01	-0.33	-0.24	-0.13	-0.26	0.66	-0.18
Non Current Liabilities Total	0.15	0.86	0.44	0.44	-0.73	0.29	-0.66	0.92	0.39	-0.08	-0.71	-0.69	-0.33	0.42	0.43	-0.34		0.18	0.07	-0.54	0.69	0.25	0.22	0.5	-0.59	-0.61
Inventory	0.91	0.42	0.47	0.83	0.33	0.47	-0.4	0.29	0.87	0.61	-0.13	-0.47	0.25	0.74	0.56	-0.34	0.18		0.25	-0.62	0.73	0.43	0.94	0.72	-0.67	-0.41
Other Current Assets	0.25	-0.02	0.09	0.08	0.24	0.78	0.08	0.02	0.11	0.06	0.07	-0.32	0.0	0.08	0.79	-0.13	0.07	0.25		-0.5	0.08	0.85	0.2	-0.04	-0.43	-0.26
Other Stockholder Equity	-0.59	-0.49	-0.06	-0.55	0.0	-0.56	0.22	-0.55	-0.6	-0.17	0.59	0.89	-0.21	-0.49	-0.82	-0.01	-0.54	-0.62	-0.5		-0.63	-0.57	-0.63	-0.49	0.68	0.87
Total Liab	0.76	0.88	0.57	0.95	-0.28	0.31	-0.78	0.79	0.92	0.4	-0.48	-0.63	0.08	0.89	0.41	-0.33	0.69	0.73	0.08	-0.63		0.24	0.8	0.94	-0.59	-0.66
Property Plant And Equipment Gross	0.37	0.18	0.29	0.21	0.2	0.99	-0.14	0.21	0.19	0.08	0.06	-0.52	-0.08	0.25	0.83	-0.24	0.25	0.43	0.85	-0.57	0.24		0.34	0.14	-0.61	-0.23
Total Current Assets	0.99	0.47	0.33	0.9	0.34	0.39	-0.44	0.34	0.93	0.67	-0.18	-0.54	0.48	0.84	0.43	-0.13	0.22	0.94	0.2	-0.63	0.8	0.34		0.8	-0.51	-0.5
Short Term Debt	0.76	0.82	0.54	0.96	-0.19	0.23	-0.76	0.71	0.9	0.38	-0.34	-0.46	0.12	0.89	0.24	-0.26	0.5	0.72	-0.04	-0.49	0.94	0.14	0.8		-0.42	-0.55
Intangible Assets	-0.45	-0.53	-0.66	-0.5	0.16	-0.6	0.51	-0.49	-0.52	-0.29	0.46	0.6	0.28	-0.46	-0.83	0.66	-0.59	-0.67	-0.43	0.68	-0.59	-0.61	-0.51	-0.42		0.39
Other Liab	-0.47	-0.61	0.08	-0.57	0.24	-0.24	0.23	-0.68	-0.59	-0.03	0.69	0.8	-0.24	-0.44	-0.54	-0.18	-0.61	-0.41	-0.26	0.87	-0.66	-0.23	-0.5	-0.55	0.39

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Harris Technology Account Relationship Matchups

Harris Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.5M	18.3M	17.3M	9.7M	7.3M	6.5M
Short Long Term Debt Total	5.8M	2.4M	4.7M	3.8M	3.2M	2.7M
Other Current Liab	66.0K	104.0K	907.1K	254.1K	303.5K	303.7K
Total Current Liabilities	4.4M	10.5M	9.5M	3.4M	2.9M	3.9M
Total Stockholder Equity	(3.9M)	7.7M	6.3M	3.0M	1.6M	911.4K
Property Plant And Equipment Net	198.5K	181.1K	1.7M	1.5M	1.4M	1.4M
Current Deferred Revenue	318.4K	287.1K	156.0K	(690.2K)	303.9K	319.1K
Net Debt	4.7M	(815.1K)	2.3M	2.0M	2.2M	1.2M
Accounts Payable	3.1M	7.7M	5.2M	2.6M	2.2M	2.2M
Cash	1.2M	3.3M	2.4M	1.8M	974.3K	1.1M
Non Current Assets Total	198.5K	964.5K	2.5M	1.5M	1.4M	1.3M
Non Currrent Assets Other	(401.6K)	(198.5K)	(1.0)	(1.5M)	9.5K	10.0K
Cash And Short Term Investments	1.2M	3.3M	2.4M	1.8M	974.3K	1.3M
Net Receivables	736.5K	3.1M	2.4M	1.4M	1.1M	1.3M
Common Stock Shares Outstanding	191.1M	245.4M	298.0M	299.1M	344.0M	361.2M
Liabilities And Stockholders Equity	5.5M	18.3M	17.3M	9.7M	7.3M	6.5M
Non Current Liabilities Total	4.9M	139.8K	1.6M	3.3M	2.8M	1.8M
Inventory	3.3M	10.8M	9.8M	4.7M	3.3M	3.5M
Other Current Assets	36.8K	154.4K	284.4K	234.2K	552.6K	580.2K
Other Stockholder Equity	(600.0)	(7.6M)	(6.3M)	(3.0M)	(2.7M)	(2.6M)
Total Liab	9.4M	10.6M	11.0M	6.7M	5.7M	5.2M
Property Plant And Equipment Gross	198.5K	307.8K	1.8M	1.8M	1.8M	1.9M
Total Current Assets	5.3M	17.3M	14.9M	8.2M	5.9M	4.8M
Short Term Debt	918.3K	2.4M	3.2M	568.8K	466.1K	442.8K
Other Liab	12.0K	43.0K	64.9K	111.6K	100.4K	62.1K
Retained Earnings	(11.7M)	(10.0M)	(11.3M)	(14.6M)	(16.0M)	(16.8M)
Long Term Debt	3.7M	4.8M	0.0	1.8M	1.4M	1.9M
Common Stock	7.7M	7.8M	17.6M	17.6M	20.2M	19.5M
Property Plant Equipment	198.5K	181.1K	1.7M	1.5M	1.4M	1.4M
Long Term Debt Total	4.9M	96.8K	1.5M	1.4M	1.3M	2.2M
Net Tangible Assets	(3.9M)	7.7M	6.3M	3.0M	3.4M	3.6M
Short Long Term Debt	867.7K	2.3M	3.1M	2.3M	333.3K	316.6K
Capital Lease Obligations	205.9K	180.6K	1.6M	1.5M	1.4M	725.8K
Net Invested Capital	1.7M	7.7M	9.4M	5.2M	3.3M	5.0M

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