Home Depot Earnings before Tax vs Free Cash Flow Analysis

HD -- USA Stock  

USD 179.85  0.59  0.33%

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 Earnings before Tax and its Free Cash Flow accounts. Please also check Risk vs Return Analysis.

Earnings before Tax vs Free Cash Flow

Accounts Relationship

Earnings before Tax vs Free Cash Flow

Significance: Almost Identical Trend

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

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Earnings before Tax

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

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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