Home Depot Invested Capital Average vs Free Cash Flow Analysis

HD -- USA Stock  

USD 197.41  2.90  1.45%

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

Invested Capital Average vs Free Cash Flow

Accounts Relationship

Invested Capital Average vs Free Cash Flow

Significance: Fragmental Relationship

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

Correlation Coefficient

0.56
Relationship DirectionPositive 
Relationship StrengthWeak

Invested Capital Average

Average invested capital value for the period used in the calculation of Return on Invested Capital, and derived from Invested Capital. Invested capital is an input into the calculation of Return on Invested Capital, and is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.

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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.