As of December 13, 2024, Resideo Technologies has an estimated net worth of $3.92 billion.
Understanding Net Worth
A company's net worth, often referred to as shareholder equity or book value, is a key indicator of its financial health. It represents the total assets owned by the company minus its total liabilities. Essentially, it's the value that would be left if a company sold all its assets and paid off all its debts.
- Assets: Include tangible items like cash, property, equipment, and inventory, as well as intangible assets like patents and trademarks.
- Liabilities: Consist of financial obligations such as loans, accounts payable, and deferred revenue.
The net worth figure provides insights into a company's financial stability, its ability to cover debts, and its intrinsic value to shareholders.
Resideo Technologies Overview
Resideo Technologies, Inc. (NYSE: REZI) is a leading global provider of home comfort and security solutions. Spun off from Honeywell in 2018, the company designs, manufactures, and distributes products and solutions for residential environments, including:
- Smart Home Devices: Thermostats, security systems, and water leak detectors.
- Home Comfort Systems: Heating, ventilation, and air conditioning (HVAC) controls.
- Security Products: Cameras, sensors, and alarm systems.
Resideo's operations span across professional channels, serving contractors, distributors, and original equipment manufacturers (OEMs), as well as retail channels. For more information about Resideo Technologies, you can visit their official investor relations page.
Resideo's Net Worth Snapshot
Below is a snapshot of Resideo Technologies' net worth:
| Metric | Value | As of Date |
|---|---|---|
| Net Worth | $3.92 Billion | December 13, 2024 |
This valuation reflects the company's financial standing at that specific point in time, influenced by its operational performance, market conditions, and overall economic factors affecting the technology and home solutions sectors.
Factors Influencing Corporate Net Worth
A company's net worth is dynamic and can fluctuate due to various factors, including:
- Profitability: Consistent profits increase retained earnings, boosting net worth.
- Debt Management: Reducing liabilities or managing them effectively strengthens net worth.
- Asset Valuation: Changes in the value of a company's assets (e.g., real estate, intellectual property) can impact net worth.
- Share Buybacks/Dividends: These can reduce net worth by decreasing shareholder equity.
- Market Perception: Investor confidence and stock performance can indirectly influence market capitalization, though net worth is based on book value.
Understanding these factors helps in interpreting a company's financial health beyond just a single net worth figure.
