Home Depot Average Assets vs Free Cash Flow Analysis

HD -- USA Stock  

USD 200.97  0.13  0.06%

Home Depot financial indicator trend analysis is much more than just examining The Home Depot latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether The Home Depot is a good investment. Please check the relationship between Home Depot Average Assets and its Free Cash Flow accounts. Please also check Risk vs Return Analysis.

Average Assets vs Free Cash Flow

Accounts Relationship

Average Assets vs Free Cash Flow

Significance: Strong Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of The Home Depot Average Assets account and Free Cash Flow

Correlation Coefficient

0.64
Relationship DirectionPositive 
Relationship StrengthSignificant

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets

Free Cash Flow

Free Cash Flow is a measure of financial performance calculated as Net Cash Flow from Operations minus Capital Expenditure.

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Please also check Risk vs Return Analysis. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.