Alcoa Earnings before Tax vs Free Cash Flow Analysis

    Earnings before Tax vs Free Cash Flow

    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.
    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 Alcoa Inc Earnings before Tax account and Free Cash Flow

    Correlation Coefficient

    0.98
    Relationship DirectionPositive 
    Relationship StrengthVery Strong