Home Depot Average Equity vs Earnings before Tax Analysis

HD -- USA Stock  

USD 192.47  0.28  0.15%

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 Equity and its Earnings before Tax accounts. Please also check Risk vs Return Analysis.

Average Equity vs Earnings before Tax

Accounts Relationship

Average Equity vs Earnings before Tax

Significance: Pay attention

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of The Home Depot Average Equity account and Earnings before Tax

Correlation Coefficient

-0.93
Relationship DirectionNegative 
Relationship StrengthSignificant

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from Shareholders Equity.

Earnings before Tax

Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.

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