Home Depot Free Cash Flow vs Average Assets Analysis

HD -- USA Stock  

USD 179.85  0.49  0.27%

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 Free Cash Flow and its Average Assets accounts. Please also check Risk vs Return Analysis.

Free Cash Flow vs Average Assets

Accounts Relationship

Free Cash Flow vs Average Assets

Significance: Strong Relationship

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

Correlation Coefficient

0.64
Relationship DirectionPositive 
Relationship StrengthSignificant

Free Cash Flow

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

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets; derived from Total Assets.

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