Raytheon Technologies Corp Stock Z Score

RTX Stock

USD 117.75 1.70 1.46%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Raytheon Technologies Piotroski F Score and Raytheon Technologies Valuation analysis.

At this time, Raytheon Technologies' Capital Lease Obligations is fairly stable compared to the past year. Change In Working Capital is likely to rise to about 1.2 B in 2024, whereas Net Invested Capital is likely to drop slightly above 101.1 B in 2024. At this time, Raytheon Technologies' Depreciation And Amortization is fairly stable compared to the past year. Interest Expense is likely to rise to about 1.6 B in 2024, whereas Total Revenue is likely to drop slightly above 44.9 B in 2024.

Raytheon Technologies Corp Company Z Score Analysis

Raytheon Technologies' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Raytheon Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Raytheon Technologies is extremely important. It helps to project a fair market value of Raytheon Stock properly, considering its historical fundamentals such as Z Score. Since Raytheon Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Raytheon Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Raytheon Technologies' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Good Will	Net Tangible Assets	Current Deferred Revenue	Long Term Debt Total	Long Term Investments	Treasury Stock	Property Plant Equipment	Long Term Debt	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Deferred Long Term Liab	Capital Stock
Total Assets		0.94	0.87	0.78	0.98	0.96	0.97	0.19	0.98	0.7	0.95	0.89	-0.36	0.7	0.72	0.78	0.27	0.83	0.79	-0.15	-0.27	0.89	-0.73	0.82	0.78
Total Stockholder Equity	0.94		0.68	0.59	0.92	0.82	0.9	-0.09	0.97	0.55	0.98	0.86	-0.21	0.83	0.59	0.71	0.51	0.88	0.65	-0.41	-0.11	0.93	-0.61	0.9	0.92
Net Debt	0.87	0.68		0.75	0.89	0.95	0.84	0.53	0.8	0.71	0.74	0.75	-0.58	0.47	0.85	0.78	-0.05	0.69	0.91	0.26	-0.56	0.75	-0.88	0.62	0.51
Retained Earnings	0.78	0.59	0.75		0.74	0.86	0.78	0.52	0.66	0.83	0.6	0.69	-0.36	0.19	0.53	0.6	-0.33	0.45	0.59	0.21	-0.22	0.45	-0.49	0.36	0.28
Net Receivables	0.98	0.92	0.89	0.74		0.96	0.98	0.16	0.95	0.66	0.96	0.84	-0.34	0.72	0.73	0.75	0.27	0.85	0.82	-0.15	-0.35	0.9	-0.81	0.83	0.8
Total Liab	0.96	0.82	0.95	0.86	0.96		0.95	0.38	0.9	0.76	0.85	0.84	-0.45	0.54	0.75	0.77	0.06	0.73	0.83	0.06	-0.38	0.79	-0.77	0.69	0.61
Total Current Assets	0.97	0.9	0.84	0.78	0.98	0.95		0.13	0.92	0.65	0.93	0.8	-0.22	0.68	0.62	0.67	0.26	0.78	0.73	-0.19	-0.27	0.82	-0.72	0.78	0.76
Short Term Debt	0.19	-0.09	0.53	0.52	0.16	0.38	0.13		0.06	0.57	-0.06	0.26	-0.72	-0.31	0.55	0.48	-0.69	-0.01	0.48	0.9	-0.48	0.02	-0.38	-0.13	-0.35
Intangible Assets	0.98	0.97	0.8	0.66	0.95	0.9	0.92	0.06		0.62	0.97	0.89	-0.32	0.77	0.69	0.77	0.38	0.87	0.75	-0.28	-0.19	0.93	-0.69	0.87	0.86
Accounts Payable	0.7	0.55	0.71	0.83	0.66	0.76	0.65	0.57	0.62		0.54	0.84	-0.51	0.37	0.71	0.72	-0.24	0.61	0.71	0.25	-0.2	0.5	-0.49	0.43	0.29
Common Stock	0.95	0.98	0.74	0.6	0.96	0.85	0.93	-0.06	0.97	0.54		0.82	-0.22	0.84	0.64	0.71	0.45	0.9	0.73	-0.38	-0.2	0.95	-0.71	0.92	0.93
Good Will	0.89	0.86	0.75	0.69	0.84	0.84	0.8	0.26	0.89	0.84	0.82		-0.5	0.73	0.78	0.81	0.24	0.87	0.78	-0.08	-0.2	0.84	-0.6	0.77	0.68
Net Tangible Assets	-0.36	-0.21	-0.58	-0.36	-0.34	-0.45	-0.22	-0.72	-0.32	-0.51	-0.22	-0.5		-0.04	-0.82	-0.72	0.23	-0.27	-0.68	-0.62	0.39	-0.4	0.46	-0.16	-0.01
Current Deferred Revenue	0.7	0.83	0.47	0.19	0.72	0.54	0.68	-0.31	0.77	0.37	0.84	0.73	-0.04		0.51	0.51	0.7	0.93	0.59	-0.55	-0.15	0.86	-0.58	0.94	0.93
Long Term Debt Total	0.72	0.59	0.85	0.53	0.73	0.75	0.62	0.55	0.69	0.71	0.64	0.78	-0.82	0.51		0.91	-0.01	0.73	0.96	0.32	-0.46	0.77	-0.79	0.6	0.47
Long Term Investments	0.78	0.71	0.78	0.6	0.75	0.77	0.67	0.48	0.77	0.72	0.71	0.81	-0.72	0.51	0.91		0.04	0.73	0.86	0.2	-0.2	0.8	-0.66	0.66	0.55
Treasury Stock	0.27	0.51	-0.05	-0.33	0.27	0.06	0.26	-0.69	0.38	-0.24	0.45	0.24	0.23	0.7	-0.01	0.04		0.44	0.02	-0.71	0.12	0.5	-0.1	0.58	0.69
Property Plant Equipment	0.83	0.88	0.69	0.45	0.85	0.73	0.78	-0.01	0.87	0.61	0.9	0.87	-0.27	0.93	0.73	0.73	0.44		0.8	-0.31	-0.26	0.93	-0.73	0.94	0.88
Long Term Debt	0.79	0.65	0.91	0.59	0.82	0.83	0.73	0.48	0.75	0.71	0.73	0.78	-0.68	0.59	0.96	0.86	0.02	0.8		0.23	-0.52	0.82	-0.88	0.69	0.56
Short Long Term Debt	-0.15	-0.41	0.26	0.21	-0.15	0.06	-0.19	0.9	-0.28	0.25	-0.38	-0.08	-0.62	-0.55	0.32	0.2	-0.71	-0.31	0.23		-0.51	-0.26	-0.2	-0.4	-0.61
Cash And Equivalents	-0.27	-0.11	-0.56	-0.22	-0.35	-0.38	-0.27	-0.48	-0.19	-0.2	-0.2	-0.2	0.39	-0.15	-0.46	-0.2	0.12	-0.26	-0.52	-0.51		-0.3	0.76	-0.24	-0.08
Net Invested Capital	0.89	0.93	0.75	0.45	0.9	0.79	0.82	0.02	0.93	0.5	0.95	0.84	-0.4	0.86	0.77	0.8	0.5	0.93	0.82	-0.26	-0.3		-0.78	0.94	0.91
Net Working Capital	-0.73	-0.61	-0.88	-0.49	-0.81	-0.77	-0.72	-0.38	-0.69	-0.49	-0.71	-0.6	0.46	-0.58	-0.79	-0.66	-0.1	-0.73	-0.88	-0.2	0.76	-0.78		-0.69	-0.58
Deferred Long Term Liab	0.82	0.9	0.62	0.36	0.83	0.69	0.78	-0.13	0.87	0.43	0.92	0.77	-0.16	0.94	0.6	0.66	0.58	0.94	0.69	-0.4	-0.24	0.94	-0.69		0.95
Capital Stock	0.78	0.92	0.51	0.28	0.8	0.61	0.76	-0.35	0.86	0.29	0.93	0.68	-0.01	0.93	0.47	0.55	0.69	0.88	0.56	-0.61	-0.08	0.91	-0.58	0.95

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Raytheon Technologies

Based on the company's disclosures, Raytheon Technologies Corp has a Z Score of 0.0. This is 100.0% lower than that of the Aerospace & Defense sector and 100.0% lower than that of the Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Raytheon Technologies ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Raytheon Technologies' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Raytheon Technologies' managers, analysts, and investors.

Environmental

Governance

Social

Raytheon Technologies Institutional Holders

Institutional Holdings refers to the ownership stake in Raytheon Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Raytheon Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Raytheon Technologies' value.

		Shares
Massachusetts Financial Services Company	2024-09-30	15.6 M
Bank Of America Corp	2024-09-30	12.9 M
Northern Trust Corp	2024-09-30	11.9 M
Sanders Capital, Llc	2024-09-30	10.9 M
Charles Schwab Investment Management Inc	2024-09-30	10.1 M
Norges Bank	2024-06-30	10 M
Wells Fargo & Co	2024-09-30	10 M
Clearbridge Advisors, Llc	2024-09-30	9.7 M
Bank Of New York Mellon Corp	2024-09-30	9.3 M
Vanguard Group Inc	2024-09-30	117.2 M
State Street Corp	2024-09-30	112 M

Raytheon Fundamentals

	Return On Equity	0.0735
	Return On Asset	0.0317
	Profit Margin	0.06 %
	Operating Margin	0.12 %
	Current Valuation	193.79 B
	Shares Outstanding	1.33 B
	Shares Owned By Insiders	0.08 %
	Shares Owned By Institutions	80.64 %
	Number Of Shares Shorted	10.68 M
	Price To Earning	44.30 X
	Price To Book	2.56 X
	Price To Sales	1.98 X
	Revenue	68.92 B
	Gross Profit	13.67 B
	EBITDA	3.56 B
	Net Income	3.38 B
	Cash And Equivalents	6.22 B
	Cash Per Share	3.66 X
	Total Debt	45.24 B
	Debt To Equity	0.49 %
	Current Ratio	1.09 X
	Book Value Per Share	45.91 X
	Cash Flow From Operations	7.88 B
	Short Ratio	2.08 X
	Earnings Per Share	3.52 X
	Price To Earnings To Growth	0.88 X
	Target Price	135.05
	Number Of Employees	185 K
	Beta	0.54
	Market Capitalization	156.73 B
	Total Asset	161.87 B
	Retained Earnings	52.15 B
	Working Capital	1.66 B
	Annual Yield	0.02 %
	Five Year Return	2.53 %
	Net Asset	161.87 B
	Last Dividend Paid	2.44

About Raytheon Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Raytheon Technologies Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Raytheon Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Raytheon Technologies Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Raytheon Technologies Corp Stock Z Score

Raytheon Technologies Corp Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Raytheon Z Score Driver Correlations

Raytheon Technologies ESG Sustainability

Raytheon Technologies Institutional Holders

Raytheon Fundamentals

About Raytheon Technologies Fundamental Analysis

Also Currently Popular

Additional Tools for Raytheon Stock Analysis

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