RTX Stock | | | USD 120.53 1.38 1.16% |
Raytheon Technologies financial indicator trend analysis is much more than just breaking down Raytheon Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Raytheon Technologies is a good investment. Please check the relationship between Raytheon Technologies Total Assets and its Deferred Long Term Liab accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raytheon Technologies Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Total Assets vs Deferred Long Term Liab
Total Assets vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Raytheon Technologies Total Assets account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Raytheon Technologies' Total Assets and Deferred Long Term Liab is 0.82. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Raytheon Technologies Corp, assuming nothing else is changed. The correlation between historical values of Raytheon Technologies' Total Assets and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Raytheon Technologies Corp are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Total Assets i.e., Raytheon Technologies' Total Assets and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Raytheon Technologies assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Raytheon Technologies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Raytheon Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Raytheon 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raytheon Technologies Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Raytheon Technologies'
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.07 in 2024, despite the fact that
Discontinued Operations is likely to grow to (16.2
M).
Raytheon Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Raytheon Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Raytheon Technologies fundamental ratios Accounts
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