Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). L3Harris Technologies's share price for the quarter that ended in Dec. 2023 was $210.62. L3Harris Technologies's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 190 Mil. Therefore, L3Harris Technologies's market cap for the quarter that ended in Dec. 2023 was $39,978 Mil.
L3Harris Technologies's quarterly market cap
declined
from Jun. 2023 ($37,017 Mil) to Sep. 2023 ($32,985 Mil) but then
increased
from Sep. 2023 ($32,985 Mil) to Dec. 2023 ($39,978 Mil).
L3Harris Technologies's annual market cap
declined
from Dec. 2021 ($41,264 Mil) to Dec. 2022 ($39,687 Mil) but then
increased
from Dec. 2022 ($39,687 Mil) to Dec. 2023 ($39,978 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. L3Harris Technologies's Enterprise Value for Today is $52,043 Mil.
L3Harris Technologies Market Cap Historical Data
The historical data trend for L3Harris Technologies's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of L3Harris Technologies's Market Cap
For the Aerospace & Defense subindustry, L3Harris Technologies's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
L3Harris Technologies's Market Cap Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's Market Cap distribution charts can be found below:
* The bar in red indicates where L3Harris Technologies's Market Cap falls into.
L3Harris Technologies Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
L3Harris Technologies's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
L3Harris Technologies (NYSE:LHX) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
L3Harris Technologies Market Cap Related Terms
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L3Harris Technologies (L3Harris Technologies) Business Description
L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.
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