L3HARRIS Probability Of Bankruptcy

L3HARRIS TECHNOLOGIES INC Probability Of Bankruptcy is used to show its chance of financial distress over the next two years of operations under current economic and market conditions. L3HARRIS TECHNOLOGIES INC Probability Of Bankruptcy is determined by interpolating and adjusting L3HARRIS Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the L3HARRIS balance sheet as well as cash flow and income statements available from the company's most recent filings. Check out Risk vs Return Analysis.
  
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L3HARRIS Probability Of Bankruptcy Analysis

L3HARRIS TECHNOLOGIES's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Probability Of Bankruptcy 
 = 
Normalized 
 
Z-Score 
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Current L3HARRIS TECHNOLOGIES Probability Of Bankruptcy

    
  9%  
Most of L3HARRIS TECHNOLOGIES's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, L3HARRIS TECHNOLOGIES INC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of L3HARRIS TECHNOLOGIES probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting L3HARRIS TECHNOLOGIES odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of L3HARRIS TECHNOLOGIES INC financial health.
Is L3HARRIS TECHNOLOGIES's industry 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 L3HARRIS TECHNOLOGIES. If investors know L3HARRIS 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 L3HARRIS TECHNOLOGIES listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of L3HARRIS TECHNOLOGIES INC is measured differently than its book value, which is the value of L3HARRIS that is recorded on the company's balance sheet. Investors also form their own opinion of L3HARRIS TECHNOLOGIES's value that differs from its market value or its book value, called intrinsic value, which is L3HARRIS TECHNOLOGIES'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 L3HARRIS TECHNOLOGIES's market value can be influenced by many factors that don't directly affect L3HARRIS TECHNOLOGIES'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 L3HARRIS TECHNOLOGIES's value and its price as these two are different measures arrived at by different means. Investors typically determine L3HARRIS TECHNOLOGIES value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3HARRIS TECHNOLOGIES'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.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Compare to competition

Based on the latest financial disclosure, L3HARRIS TECHNOLOGIES INC has a Probability Of Bankruptcy of 9.0%. This is 77.76% lower than that of the Technology sector and 78.13% lower than that of the Communication Equipment industry. The probability of bankruptcy for all United States stocks is 77.4% higher than that of the company.

L3HARRIS Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses L3HARRIS TECHNOLOGIES's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of L3HARRIS TECHNOLOGIES could also be used in its relative valuation, which is a method of valuing L3HARRIS TECHNOLOGIES by comparing valuation metrics of similar companies.
L3HARRIS TECHNOLOGIES is currently under evaluation in probability of bankruptcy category among related companies.

L3HARRIS Fundamentals

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Check out Risk vs Return Analysis. Note that the L3HARRIS TECHNOLOGIES INC information on this page should be used as a complementary analysis to other L3HARRIS TECHNOLOGIES's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Other Tools for L3HARRIS Stock

When running L3HARRIS TECHNOLOGIES INC price analysis, check to measure L3HARRIS TECHNOLOGIES's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy L3HARRIS TECHNOLOGIES is operating at the current time. Most of L3HARRIS TECHNOLOGIES's value examination focuses on studying past and present price action to predict the probability of L3HARRIS TECHNOLOGIES's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move L3HARRIS TECHNOLOGIES's price. Additionally, you may evaluate how the addition of L3HARRIS TECHNOLOGIES to your portfolios can decrease your overall portfolio volatility.
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