Renew Energy Global Stock Current Ratio

RNW Stock

USD 7.60 0.08 1.06%

Fundamental analysis of Renew Energy allows traders to better anticipate movements in Renew Energy's stock price by examining its financial health and performance throughout various phases of its business cycle.

		Last Reported	Projected for Next Year
	Current Ratio	0.85	1.30

Current Ratio is likely to climb to 1.30 in 2025.

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Renew Energy Global Company Current Ratio Analysis

Renew Energy's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Renew Energy Current Ratio

1.17 X

Most of Renew Energy's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Renew Energy Global is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Renew Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Renew Energy is extremely important. It helps to project a fair market value of Renew Stock properly, considering its historical fundamentals such as Current Ratio. Since Renew Energy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Renew Energy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Renew Energy's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Good Will	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Net Invested Capital	Long Term Investments	Short Long Term Debt	Capital Stock	Net Working Capital
Total Assets		0.95	0.92	-0.85	0.98	0.67	0.93	0.95	0.91	0.86	0.94	0.89	0.9	0.84	-0.88	0.95	-0.43	0.84	0.83	0.8	0.53	0.83	-0.67
Total Stockholder Equity	0.95		0.86	-0.79	0.93	0.73	0.88	0.96	0.88	0.89	0.98	0.89	0.86	0.81	-0.83	0.88	-0.48	0.71	0.7	0.7	0.39	0.77	-0.54
Net Debt	0.92	0.86		-0.89	0.9	0.58	1.0	0.84	0.99	0.79	0.85	0.83	0.83	0.73	-0.89	0.87	-0.48	0.87	0.86	0.81	0.76	0.86	-0.85
Retained Earnings	-0.85	-0.79	-0.89		-0.87	-0.41	-0.9	-0.77	-0.92	-0.6	-0.73	-0.62	-0.86	-0.9	0.72	-0.9	0.69	-0.95	-0.93	-0.91	-0.68	-0.96	0.83
Accounts Payable	0.98	0.93	0.9	-0.87		0.59	0.91	0.91	0.9	0.81	0.9	0.83	0.9	0.87	-0.82	0.93	-0.51	0.87	0.86	0.85	0.53	0.84	-0.69
Net Receivables	0.67	0.73	0.58	-0.41	0.59		0.62	0.85	0.6	0.8	0.71	0.79	0.71	0.4	-0.79	0.66	0.06	0.26	0.24	0.38	0.05	0.39	-0.12
Total Liab	0.93	0.88	1.0	-0.9	0.91	0.62		0.87	0.99	0.8	0.86	0.84	0.85	0.75	-0.89	0.89	-0.48	0.87	0.86	0.82	0.73	0.87	-0.83
Total Current Assets	0.95	0.96	0.84	-0.77	0.91	0.85	0.87		0.87	0.88	0.93	0.89	0.91	0.78	-0.88	0.92	-0.34	0.69	0.67	0.7	0.36	0.76	-0.51
Short Term Debt	0.91	0.88	0.99	-0.92	0.9	0.6	0.99	0.87		0.77	0.85	0.81	0.85	0.78	-0.87	0.9	-0.54	0.88	0.87	0.81	0.74	0.9	-0.84
Intangible Assets	0.86	0.89	0.79	-0.6	0.81	0.8	0.8	0.88	0.77		0.86	0.99	0.76	0.57	-0.84	0.74	-0.21	0.52	0.5	0.57	0.28	0.55	-0.39
Common Stock	0.94	0.98	0.85	-0.73	0.9	0.71	0.86	0.93	0.85	0.86		0.88	0.78	0.73	-0.81	0.84	-0.37	0.69	0.68	0.65	0.42	0.72	-0.55
Good Will	0.89	0.89	0.83	-0.62	0.83	0.79	0.84	0.89	0.81	0.99	0.88		0.76	0.59	-0.88	0.78	-0.21	0.57	0.56	0.58	0.37	0.59	-0.46
Short Term Investments	0.9	0.86	0.83	-0.86	0.9	0.71	0.85	0.91	0.85	0.76	0.78	0.76		0.86	-0.83	0.94	-0.5	0.79	0.76	0.85	0.39	0.81	-0.57
Net Tangible Assets	0.84	0.81	0.73	-0.9	0.87	0.4	0.75	0.78	0.78	0.57	0.73	0.59	0.86		-0.64	0.91	-0.73	0.87	0.87	0.76	0.45	0.92	-0.65
Deferred Long Term Liab	-0.88	-0.83	-0.89	0.72	-0.82	-0.79	-0.89	-0.88	-0.87	-0.84	-0.81	-0.88	-0.83	-0.64		-0.87	0.28	-0.67	-0.66	-0.66	-0.52	-0.71	0.6
Property Plant Equipment	0.95	0.88	0.87	-0.9	0.93	0.66	0.89	0.92	0.9	0.74	0.84	0.78	0.94	0.91	-0.87		-0.5	0.87	0.86	0.8	0.54	0.91	-0.69
Current Deferred Revenue	-0.43	-0.48	-0.48	0.69	-0.51	0.06	-0.48	-0.34	-0.54	-0.21	-0.37	-0.21	-0.5	-0.73	0.28	-0.5		-0.65	-0.65	-0.48	-0.44	-0.71	0.58
Long Term Debt	0.84	0.71	0.87	-0.95	0.87	0.26	0.87	0.69	0.88	0.52	0.69	0.57	0.79	0.87	-0.67	0.87	-0.65		1.0	0.89	0.78	0.94	-0.91
Net Invested Capital	0.83	0.7	0.86	-0.93	0.86	0.24	0.86	0.67	0.87	0.5	0.68	0.56	0.76	0.87	-0.66	0.86	-0.65	1.0		0.84	0.81	0.95	-0.92
Long Term Investments	0.8	0.7	0.81	-0.91	0.85	0.38	0.82	0.7	0.81	0.57	0.65	0.58	0.85	0.76	-0.66	0.8	-0.48	0.89	0.84		0.54	0.77	-0.71
Short Long Term Debt	0.53	0.39	0.76	-0.68	0.53	0.05	0.73	0.36	0.74	0.28	0.42	0.37	0.39	0.45	-0.52	0.54	-0.44	0.78	0.81	0.54		0.73	-0.97
Capital Stock	0.83	0.77	0.86	-0.96	0.84	0.39	0.87	0.76	0.9	0.55	0.72	0.59	0.81	0.92	-0.71	0.91	-0.71	0.94	0.95	0.77	0.73		-0.86
Net Working Capital	-0.67	-0.54	-0.85	0.83	-0.69	-0.12	-0.83	-0.51	-0.84	-0.39	-0.55	-0.46	-0.57	-0.65	0.6	-0.69	0.58	-0.91	-0.92	-0.71	-0.97	-0.86

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Renew Current Ratio Historical Pattern

Today, most investors in Renew Energy Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Renew Energy's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Renew Energy current ratio as a starting point in their analysis.

Renew Energy Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict Renew Energy

Current Ratio Over Time

Renew Price To Sales Ratio

Price To Sales Ratio

2.46

At this time, Renew Energy's Price To Sales Ratio is fairly stable compared to the past year.

In accordance with the recently published financial statements, Renew Energy Global has a Current Ratio of 1.17 times. This is 10.0% lower than that of the Electric Utilities sector and significantly higher than that of the Utilities industry. The current ratio for all United States stocks is 45.83% higher than that of the company.

Renew Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Renew Energy's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Renew Energy could also be used in its relative valuation, which is a method of valuing Renew Energy by comparing valuation metrics of similar companies.

Renew Energy is currently under evaluation in current ratio category among its peers.

Renew Energy Current Valuation Drivers

We derive many important indicators used in calculating different scores of Renew Energy from analyzing Renew Energy's financial statements. These drivers represent accounts that assess Renew Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Renew Energy's important valuation drivers and their relationship over time.

	2020	2021	2022	2023	2024	2025 (projected)
Market Cap	294.9B	249.6B	172.2B	182.7B	164.5B	167.4B
Enterprise Value	625.9B	612.9B	650.5B	811.4B	730.2B	371.0B

Renew Energy ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Renew Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Renew Energy's managers, analysts, and investors.

Environmental

Governance

Social

Renew Fundamentals

	Return On Equity	0.0363
	Return On Asset	0.0357
	Profit Margin	0.04 %
	Operating Margin	0.40 %
	Current Valuation	10.2 B
	Shares Outstanding	244.4 M
	Shares Owned By Insiders	16.47 %
	Shares Owned By Institutions	91.06 %
	Number Of Shares Shorted	1.68 M
	Price To Book	2.15 X
	Price To Sales	0.03 X
	Revenue	97.06 B
	Gross Profit	88.28 B
	EBITDA	72.82 B
	Net Income	3.81 B
	Cash And Equivalents	66.06 B
	Cash Per Share	165.95 X
	Total Debt	140.71 B
	Debt To Equity	3.69 %
	Current Ratio	1.17 X
	Book Value Per Share	310.40 X
	Cash Flow From Operations	67.56 B
	Short Ratio	1.21 X
	Earnings Per Share	0.12 X
	Target Price	8.3
	Beta	0.88
	Market Capitalization	2.76 B
	Total Asset	959.8 B
	Retained Earnings	(53.76 B)
	Working Capital	(78.05 B)
	Net Asset	959.8 B

About Renew Energy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Renew Energy Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Renew Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Renew Energy Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Renew Stock Analysis

When running Renew Energy's price analysis, check to measure Renew Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renew Energy is operating at the current time. Most of Renew Energy's value examination focuses on studying past and present price action to predict the probability of Renew Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renew Energy's price. Additionally, you may evaluate how the addition of Renew Energy to your portfolios can decrease your overall portfolio volatility.

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