Home Depot Earnings before Tax vs Average Equity Analysis

HD -- USA Stock  

USD 169.99  2.02  1.20%

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

Earnings before Tax vs Average Equity

Accounts Relationship

Earnings before Tax vs Average Equity

Significance: Pay attention

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

Correlation Coefficient

-0.93
Relationship DirectionNegative 
Relationship StrengthSignificant

Earnings before Tax

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

Average Equity

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

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