Home Net Income vs Cash And Cash Equivalents Changes Analysis

HD Stock

USD 409.38 0.05 0.01%

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 Net Income and its Cash And Cash Equivalents Changes accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Home Depot. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Home Stock refer to our How to Trade Home Stock guide.

Net Income vs Cash And Cash Equivalents Changes

Net Income vs Cash And Cash Equivalents Changes Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Home Depot Net Income account and Cash And Cash Equivalents Changes. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Home Depot's Net Income and Cash And Cash Equivalents Changes is -0.34. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cash And Cash Equivalents Changes in the same time period over historical financial statements of Home Depot, assuming nothing else is changed. The correlation between historical values of Home Depot's Net Income and Cash And Cash Equivalents Changes is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Home Depot are associated (or correlated) with its Cash And Cash Equivalents Changes. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Cash Equivalents Changes has no effect on the direction of Net Income i.e., Home Depot's Net Income and Cash And Cash Equivalents Changes go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Home Depot financial statement analysis. It represents the amount of money remaining after all of Home Depot operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cash And Cash Equivalents Changes

Most indicators from Home Depot's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Home Depot current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Home Depot. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Home Stock refer to our How to Trade Home Stock guide.At present, Home Depot's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 16.79, whereas Discontinued Operations is forecasted to decline to about 32.8 M.

	2022	2023	2024	2025 (projected)
Interest Expense	1.6B	1.9B	2.2B	2.3B
Depreciation And Amortization	3.0B	3.2B	3.7B	3.9B

Interest Expense Depreciation And Amortization

Home Depot fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock Total Equity	Property Plant And Equipment Gross
Total Assets		0.95	0.87	0.94	-0.31	0.97	0.94	0.95	0.69	1.0	0.44	0.69	0.98	-0.15	0.96	0.98	0.92	-0.87	0.97	0.99	0.77	0.85	0.94	0.94	0.74	0.76
Short Long Term Debt Total	0.95		0.84	0.94	-0.57	0.88	1.0	0.99	0.63	0.94	0.44	0.63	0.98	-0.39	1.0	0.95	0.87	-0.96	1.0	0.96	0.86	0.9	0.92	0.95	0.59	0.68
Other Current Liab	0.87	0.84		0.95	-0.39	0.81	0.83	0.8	0.62	0.85	0.79	0.62	0.9	-0.23	0.84	0.9	0.68	-0.83	0.88	0.9	0.79	0.79	0.97	0.82	0.63	0.42
Total Current Liabilities	0.94	0.94	0.95		-0.48	0.89	0.93	0.92	0.64	0.93	0.61	0.64	0.97	-0.26	0.93	0.95	0.8	-0.91	0.96	0.96	0.9	0.88	0.99	0.88	0.7	0.59
Total Stockholder Equity	-0.31	-0.57	-0.39	-0.48		-0.15	-0.59	-0.53	-0.14	-0.27	-0.31	-0.14	-0.44	0.82	-0.53	-0.38	-0.2	0.71	-0.52	-0.36	-0.65	-0.55	-0.43	-0.45	0.08	0.01
Property Plant And Equipment Net	0.97	0.88	0.81	0.89	-0.15		0.87	0.88	0.64	0.98	0.33	0.64	0.92	0.05	0.89	0.93	0.92	-0.76	0.9	0.95	0.69	0.81	0.89	0.83	0.85	0.78
Net Debt	0.94	1.0	0.83	0.93	-0.59	0.87		0.99	0.57	0.93	0.4	0.57	0.97	-0.41	0.99	0.95	0.87	-0.97	0.99	0.95	0.85	0.9	0.91	0.94	0.57	0.67
Retained Earnings	0.95	0.99	0.8	0.92	-0.53	0.88	0.99		0.59	0.95	0.35	0.59	0.97	-0.37	1.0	0.96	0.9	-0.95	0.99	0.96	0.82	0.89	0.9	0.95	0.59	0.73
Cash	0.69	0.63	0.62	0.64	-0.14	0.64	0.57	0.59		0.68	0.57	1.0	0.66	-0.1	0.64	0.56	0.47	-0.53	0.65	0.69	0.49	0.54	0.67	0.66	0.51	0.46
Non Current Assets Total	1.0	0.94	0.85	0.93	-0.27	0.98	0.93	0.95	0.68		0.41	0.68	0.97	-0.12	0.95	0.97	0.93	-0.84	0.96	0.99	0.75	0.85	0.93	0.93	0.74	0.79
Non Currrent Assets Other	0.44	0.44	0.79	0.61	-0.31	0.33	0.4	0.35	0.57	0.41		0.57	0.5	-0.28	0.41	0.46	0.14	-0.47	0.48	0.5	0.52	0.42	0.67	0.45	0.24	-0.08
Cash And Short Term Investments	0.69	0.63	0.62	0.64	-0.14	0.64	0.57	0.59	1.0	0.68	0.57		0.66	-0.1	0.64	0.56	0.47	-0.53	0.65	0.69	0.49	0.54	0.67	0.66	0.51	0.46
Net Receivables	0.98	0.98	0.9	0.97	-0.44	0.92	0.97	0.97	0.66	0.97	0.5	0.66		-0.27	0.98	0.98	0.88	-0.92	0.99	0.99	0.84	0.87	0.97	0.95	0.68	0.72
Common Stock Shares Outstanding	-0.15	-0.39	-0.23	-0.26	0.82	0.05	-0.41	-0.37	-0.1	-0.12	-0.28	-0.1	-0.27		-0.37	-0.2	-0.06	0.54	-0.34	-0.2	-0.42	-0.33	-0.23	-0.4	0.35	0.09
Non Current Liabilities Total	0.96	1.0	0.84	0.93	-0.53	0.89	0.99	1.0	0.64	0.95	0.41	0.64	0.98	-0.37		0.96	0.88	-0.95	0.99	0.97	0.82	0.89	0.92	0.96	0.6	0.7
Inventory	0.98	0.95	0.9	0.95	-0.38	0.93	0.95	0.96	0.56	0.97	0.46	0.56	0.98	-0.2	0.96		0.9	-0.9	0.97	0.99	0.79	0.85	0.95	0.91	0.72	0.7
Other Current Assets	0.92	0.87	0.68	0.8	-0.2	0.92	0.87	0.9	0.47	0.93	0.14	0.47	0.88	-0.06	0.88	0.9		-0.76	0.87	0.89	0.65	0.79	0.78	0.86	0.7	0.86
Other Stockholder Equity	-0.87	-0.96	-0.83	-0.91	0.71	-0.76	-0.97	-0.95	-0.53	-0.84	-0.47	-0.53	-0.92	0.54	-0.95	-0.9	-0.76		-0.95	-0.89	-0.86	-0.88	-0.89	-0.89	-0.49	-0.52
Total Liab	0.97	1.0	0.88	0.96	-0.52	0.9	0.99	0.99	0.65	0.96	0.48	0.65	0.99	-0.34	0.99	0.97	0.87	-0.95		0.98	0.85	0.9	0.95	0.95	0.64	0.68
Total Current Assets	0.99	0.96	0.9	0.96	-0.36	0.95	0.95	0.96	0.69	0.99	0.5	0.69	0.99	-0.2	0.97	0.99	0.89	-0.89	0.98		0.79	0.86	0.96	0.94	0.73	0.72
Short Term Debt	0.77	0.86	0.79	0.9	-0.65	0.69	0.85	0.82	0.49	0.75	0.52	0.49	0.84	-0.42	0.82	0.79	0.65	-0.86	0.85	0.79		0.79	0.84	0.77	0.49	0.43
Intangible Assets	0.85	0.9	0.79	0.88	-0.55	0.81	0.9	0.89	0.54	0.85	0.42	0.54	0.87	-0.33	0.89	0.85	0.79	-0.88	0.9	0.86	0.79		0.86	0.82	0.58	0.57
Accounts Payable	0.94	0.92	0.97	0.99	-0.43	0.89	0.91	0.9	0.67	0.93	0.67	0.67	0.97	-0.23	0.92	0.95	0.78	-0.89	0.95	0.96	0.84	0.86		0.89	0.7	0.58
Good Will	0.94	0.95	0.82	0.88	-0.45	0.83	0.94	0.95	0.66	0.93	0.45	0.66	0.95	-0.4	0.96	0.91	0.86	-0.89	0.95	0.94	0.77	0.82	0.89		0.47	0.71
Common Stock Total Equity	0.74	0.59	0.63	0.7	0.08	0.85	0.57	0.59	0.51	0.74	0.24	0.51	0.68	0.35	0.6	0.72	0.7	-0.49	0.64	0.73	0.49	0.58	0.7	0.47		0.64
Property Plant And Equipment Gross	0.76	0.68	0.42	0.59	0.01	0.78	0.67	0.73	0.46	0.79	-0.08	0.46	0.72	0.09	0.7	0.7	0.86	-0.52	0.68	0.72	0.43	0.57	0.58	0.71	0.64

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Home Depot Account Relationship Matchups

Home Depot fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	70.6B	71.9B	76.4B	76.5B	88.0B	92.4B
Short Long Term Debt Total	43.4B	46.3B	50.4B	52.2B	60.1B	63.1B
Other Current Liab	7.9B	9.6B	8.4B	5.7B	6.6B	6.9B
Total Current Liabilities	23.2B	28.7B	23.1B	22.0B	25.3B	26.6B
Total Stockholder Equity	3.3B	(1.7B)	1.6B	1.0B	1.2B	1.1B
Property Plant And Equipment Net	30.7B	31.2B	32.6B	34.0B	39.1B	41.1B
Net Debt	35.5B	43.9B	47.6B	48.5B	55.8B	58.5B
Retained Earnings	58.1B	67.6B	76.9B	83.7B	96.2B	101.0B
Cash	7.9B	2.3B	2.8B	3.8B	4.3B	4.5B
Non Current Assets Total	42.1B	42.8B	44.0B	46.8B	53.8B	56.5B
Non Currrent Assets Other	4.3B	3.8B	2.9B	656M	754.4M	744.6M
Cash And Short Term Investments	7.9B	2.3B	2.8B	3.8B	4.3B	4.5B
Net Receivables	3.0B	3.4B	3.3B	3.3B	3.8B	4.0B
Common Stock Shares Outstanding	1.1B	1.1B	1.0B	1.0B	901.8M	1.4B
Liabilities And Stockholders Equity	70.6B	71.9B	76.4B	76.5B	88.0B	92.4B
Non Current Liabilities Total	44.1B	44.9B	51.8B	53.5B	61.5B	64.6B
Inventory	16.6B	22.1B	24.9B	21.0B	24.1B	25.3B
Other Stockholder Equity	(54.3B)	(68.7B)	(74.7B)	(82.2B)	(74.0B)	(70.3B)
Total Liab	67.3B	73.6B	74.9B	75.5B	86.8B	91.1B
Total Current Assets	28.5B	29.1B	32.5B	29.8B	34.2B	36.0B
Short Term Debt	3.1B	5.1B	3.1B	3.5B	4.0B	4.2B
Accounts Payable	11.6B	13.5B	11.4B	10.0B	11.5B	12.1B
Good Will	7.1B	7.4B	7.4B	8.5B	9.7B	10.2B
Property Plant And Equipment Gross	30.7B	31.2B	32.6B	61.1B	70.3B	73.8B
Accumulated Other Comprehensive Income	(671M)	(704M)	(718M)	(477M)	(429.3M)	(407.8M)
Other Liab	2.2B	2.9B	2.9B	3.6B	4.1B	4.3B
Other Assets	807M	527M	4.2B	4.0B	4.6B	4.8B
Long Term Debt	35.8B	36.6B	42.0B	42.7B	49.2B	51.6B
Property Plant Equipment	28.4B	30.7B	31.2B	32.6B	37.5B	25.7B
Current Deferred Revenue	2.8B	3.6B	3.1B	2.8B	3.2B	1.9B
Treasury Stock	(65.2B)	(65.8B)	(80.8B)	(87.3B)	(78.6B)	(74.6B)
Net Tangible Assets	(5.4B)	(7.4B)	(9.1B)	(5.9B)	(5.3B)	(5.0B)
Retained Earnings Total Equity	46.4B	51.7B	67.6B	76.9B	88.4B	92.9B
Long Term Debt Total	28.7B	35.8B	36.6B	42.0B	48.3B	24.7B
Capital Surpluse	11.0B	11.5B	12.1B	12.6B	14.5B	10.5B

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How To Invest In Home

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Is Home Stock a good investment?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Home Depot. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Home Stock refer to our How to Trade Home Stock guide.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Is Home Improvement Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Home Depot. If investors know Home will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Home Depot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.04)

Dividend Share

2.25

Earnings Share

14.74

Revenue Per Share

156.158

Quarterly Revenue Growth

0.066

The market value of Home Depot is measured differently than its book value, which is the value of Home that is recorded on the company's balance sheet. Investors also form their own opinion of Home Depot's value that differs from its market value or its book value, called intrinsic value, which is Home Depot's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Home Depot's market value can be influenced by many factors that don't directly affect Home Depot's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Home Depot's value and its price as these two are different measures arrived at by different means. Investors typically determine if Home Depot is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Home Depot's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Home Net Income vs Cash And Cash Equivalents Changes Analysis

Net Income vs Cash And Cash Equivalents Changes

Net Income vs Cash And Cash Equivalents Changes Correlation Analysis

Correlation Coefficient

Net Income

Cash And Cash Equivalents Changes

Home Depot fundamental ratios Correlations

Home Depot Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Home Depot fundamental ratios Accounts

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Retained Earnings
Cash And Short Term Investments	+ 1.0	Cash

Other Stockholder Equity	- 0.97	Net Debt
Other Stockholder Equity	- 0.96	Short Long Term Debt Total
Total Liab	- 0.95	Other Stockholder Equity
Other Stockholder Equity	- 0.95	Non Current Liabilities Total
Other Stockholder Equity	- 0.95	Retained Earnings
Other Stockholder Equity	- 0.92	Net Receivables