Brookfield Net Working Capital vs Net Debt Analysis

BEP Stock

USD 28.37 2.53 9.79%

Brookfield Renewable financial indicator trend analysis is way more than just evaluating Brookfield Renewable prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brookfield Renewable is a good investment. Please check the relationship between Brookfield Renewable Net Working Capital and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Net Working Capital vs Net Debt

Net Working Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brookfield Renewable Net Working Capital account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Brookfield Renewable's Net Working Capital and Net Debt is -0.72. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Brookfield Renewable Partners, assuming nothing else is changed. The correlation between historical values of Brookfield Renewable's Net Working Capital and Net Debt 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 Working Capital of Brookfield Renewable Partners are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Working Capital i.e., Brookfield Renewable's Net Working Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.72

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Working Capital

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Brookfield Renewable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brookfield Renewable 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Brookfield Renewable's Selling General Administrative is relatively stable compared to the past year. As of 10/17/2024, Enterprise Value Over EBITDA is likely to grow to 23.00, while Sales General And Administrative To Revenue is likely to drop 0.03.

	2021	2022	2023	2024 (projected)
Gross Profit	2.7B	3.3B	1.1B	961.8M
Total Revenue	4.1B	4.7B	5.0B	5.3B

Gross Profit Total Revenue

Brookfield Renewable fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		1.0	0.4	0.93	0.39	1.0	-0.13	1.0	-0.02	0.42	0.9	1.0	0.3	0.89	0.87	-0.41	0.59	1.0	0.37	0.15	-0.07	1.0	0.99	0.97	0.9	0.14
Short Long Term Debt Total	1.0		0.34	0.94	0.44	1.0	-0.13	1.0	0.0	0.47	0.9	0.99	0.33	0.89	0.89	-0.41	0.58	0.99	0.37	0.11	-0.01	1.0	0.99	0.97	0.9	0.16
Other Current Liab	0.4	0.34		0.41	-0.46	0.39	-0.12	0.34	0.08	-0.51	0.45	0.4	-0.67	0.51	0.06	-0.11	-0.01	0.4	0.16	0.22	-0.86	0.41	0.39	0.3	0.6	0.25
Total Current Liabilities	0.93	0.94	0.41		0.37	0.93	-0.41	0.93	-0.01	0.53	0.89	0.93	0.17	0.89	0.9	-0.34	0.46	0.91	0.24	-0.1	-0.05	0.94	0.94	0.91	0.94	0.07
Total Stockholder Equity	0.39	0.44	-0.46	0.37		0.41	0.04	0.42	0.47	0.69	0.29	0.39	0.69	0.22	0.45	-0.4	0.55	0.37	-0.21	0.1	0.53	0.38	0.45	0.37	0.18	0.34
Property Plant And Equipment Net	1.0	1.0	0.39	0.93	0.41		-0.11	0.99	0.01	0.43	0.88	1.0	0.31	0.88	0.86	-0.42	0.62	0.99	0.38	0.15	-0.07	1.0	0.99	0.96	0.89	0.16
Current Deferred Revenue	-0.13	-0.13	-0.12	-0.41	0.04	-0.11		-0.12	0.24	-0.49	-0.13	-0.13	0.08	-0.13	-0.39	-0.02	0.26	-0.09	0.31	0.3	-0.11	-0.15	-0.18	-0.21	-0.26	0.33
Net Debt	1.0	1.0	0.34	0.93	0.42	0.99	-0.12		-0.05	0.45	0.9	0.99	0.32	0.9	0.9	-0.41	0.58	1.0	0.38	0.11	0.0	1.0	0.99	0.97	0.9	0.12
Retained Earnings	-0.02	0.0	0.08	-0.01	0.47	0.01	0.24	-0.05		-0.08	-0.07	-0.01	-0.01	-0.1	-0.28	0.01	0.3	-0.04	-0.29	0.23	-0.29	-0.04	0.05	-0.19	-0.04	0.86
Accounts Payable	0.42	0.47	-0.51	0.53	0.69	0.43	-0.49	0.45	-0.08		0.28	0.42	0.72	0.23	0.72	-0.21	0.34	0.38	0.01	-0.3	0.68	0.42	0.44	0.49	0.24	-0.21
Cash	0.9	0.9	0.45	0.89	0.29	0.88	-0.13	0.9	-0.07	0.28		0.89	0.1	1.0	0.82	-0.27	0.42	0.9	0.2	0.02	-0.07	0.91	0.9	0.92	0.95	0.15
Non Current Assets Total	1.0	0.99	0.4	0.93	0.39	1.0	-0.13	0.99	-0.01	0.42	0.89		0.29	0.89	0.87	-0.42	0.6	1.0	0.38	0.15	-0.08	1.0	0.99	0.96	0.9	0.15
Other Assets	0.3	0.33	-0.67	0.17	0.69	0.31	0.08	0.32	-0.01	0.72	0.1	0.29		0.04	0.46	-0.09	0.47	0.28	0.08	0.2	0.71	0.27	0.29	0.36	-0.06	-0.02
Cash And Short Term Investments	0.89	0.89	0.51	0.89	0.22	0.88	-0.13	0.9	-0.1	0.23	1.0	0.89	0.04		0.8	-0.28	0.4	0.9	0.23	0.03	-0.13	0.91	0.9	0.91	0.96	0.12
Net Receivables	0.87	0.89	0.06	0.9	0.45	0.86	-0.39	0.9	-0.28	0.72	0.82	0.87	0.46	0.8		-0.3	0.42	0.87	0.25	-0.13	0.33	0.88	0.87	0.94	0.79	-0.17
Common Stock Total Equity	-0.41	-0.41	-0.11	-0.34	-0.4	-0.42	-0.02	-0.41	0.01	-0.21	-0.27	-0.42	-0.09	-0.28	-0.3		-0.24	-0.41	-0.18	-0.21	-0.02	-0.4	-0.4	-0.37	-0.28	0.05
Common Stock Shares Outstanding	0.59	0.58	-0.01	0.46	0.55	0.62	0.26	0.58	0.3	0.34	0.42	0.6	0.47	0.4	0.42	-0.24		0.58	0.21	0.24	0.08	0.56	0.59	0.49	0.37	0.28
Non Current Liabilities Total	1.0	0.99	0.4	0.91	0.37	0.99	-0.09	1.0	-0.04	0.38	0.9	1.0	0.28	0.9	0.87	-0.41	0.58		0.4	0.16	-0.07	1.0	0.99	0.97	0.9	0.15
Inventory	0.37	0.37	0.16	0.24	-0.21	0.38	0.31	0.38	-0.29	0.01	0.2	0.38	0.08	0.23	0.25	-0.18	0.21	0.4		-0.2	-0.2	0.37	0.26	0.29	0.24	-0.16
Other Current Assets	0.15	0.11	0.22	-0.1	0.1	0.15	0.3	0.11	0.23	-0.3	0.02	0.15	0.2	0.03	-0.13	-0.21	0.24	0.16	-0.2		-0.25	0.11	0.17	0.13	-0.05	0.39
Other Stockholder Equity	-0.07	-0.01	-0.86	-0.05	0.53	-0.07	-0.11	0.0	-0.29	0.68	-0.07	-0.08	0.71	-0.13	0.33	-0.02	0.08	-0.07	-0.2	-0.25		-0.07	-0.05	0.08	-0.23	-0.37
Total Liab	1.0	1.0	0.41	0.94	0.38	1.0	-0.15	1.0	-0.04	0.42	0.91	1.0	0.27	0.91	0.88	-0.4	0.56	1.0	0.37	0.11	-0.07		0.99	0.97	0.92	0.13
Property Plant And Equipment Gross	0.99	0.99	0.39	0.94	0.45	0.99	-0.18	0.99	0.05	0.44	0.9	0.99	0.29	0.9	0.87	-0.4	0.59	0.99	0.26	0.17	-0.05	0.99		0.96	0.91	0.19
Total Current Assets	0.97	0.97	0.3	0.91	0.37	0.96	-0.21	0.97	-0.19	0.49	0.92	0.96	0.36	0.91	0.94	-0.37	0.49	0.97	0.29	0.13	0.08	0.97	0.96		0.88	0.01
Short Term Debt	0.9	0.9	0.6	0.94	0.18	0.89	-0.26	0.9	-0.04	0.24	0.95	0.9	-0.06	0.96	0.79	-0.28	0.37	0.9	0.24	-0.05	-0.23	0.92	0.91	0.88		0.12
Common Stock	0.14	0.16	0.25	0.07	0.34	0.16	0.33	0.12	0.86	-0.21	0.15	0.15	-0.02	0.12	-0.17	0.05	0.28	0.15	-0.16	0.39	-0.37	0.13	0.19	0.01	0.12

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Brookfield Renewable Account Relationship Matchups

Brookfield Renewable fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	46.2B	49.7B	55.9B	64.1B	75.7B	79.5B
Short Long Term Debt Total	17.7B	20.2B	23.4B	27.5B	30.3B	31.8B
Other Current Liab	383M	297M	406M	(2.3B)	2.6B	2.8B
Total Current Liabilities	2.4B	6.5B	3.2B	6.1B	8.0B	8.4B
Total Stockholder Equity	2.0B	21.8B	24.0B	26.3B	4.7B	6.4B
Property Plant And Equipment Net	41.1B	44.6B	49.4B	54.3B	63.7B	66.9B
Current Deferred Revenue	734M	(297M)	760M	24M	34.8M	33.1M
Net Debt	17.3B	17.7B	21.2B	26.5B	28.9B	30.3B
Retained Earnings	(508.3M)	17.9B	20.5B	(4.9B)	2.1B	3.1B
Accounts Payable	152M	4.4B	208M	6.1B	386.0M	530.4M
Cash	352M	431M	764M	998M	1.4B	1.5B
Non Current Assets Total	44.2B	47.6B	53.0B	59.3B	71.2B	74.7B
Other Assets	765M	769M	810M	1.3B	2.2B	0.95
Cash And Short Term Investments	440M	431M	764M	998M	1.6B	1.7B
Net Receivables	896M	1.7B	899M	3.7B	2.5B	2.6B
Common Stock Shares Outstanding	268.5M	274.8M	275.1M	275.4M	287.2M	186.9M
Liabilities And Stockholders Equity	40.8B	49.7B	55.9B	64.1B	75.7B	79.5B
Non Current Liabilities Total	23.3B	21.5B	28.6B	31.7B	37.9B	39.8B
Inventory	536.0M	26M	31M	42M	110.4M	116.0M
Other Current Assets	148.0M	(26M)	1.2B	86M	326.3M	207.4M
Other Stockholder Equity	(4.0B)	(988M)	(1.5B)	26.3B	(7.3B)	(6.9B)
Total Liab	25.7B	28.0B	31.9B	37.8B	45.9B	48.2B
Property Plant And Equipment Gross	30.7B	44.6B	49.4B	54.3B	64.0B	67.2B
Total Current Assets	2.0B	2.1B	2.9B	4.7B	4.6B	4.8B
Accumulated Other Comprehensive Income	5.7B	4.8B	5.6B	6.0B	6.0B	6.4B
Short Term Debt	1.2B	2.1B	1.8B	2.3B	5.0B	5.2B
Common Stock	2.3M	4.2B	9.6B	(1.9B)	3.1B	1.6B
Non Currrent Assets Other	603M	1.0B	1.1B	(176M)	73.5M	69.9M
Other Liab	6.7B	7.7B	6.2B	9.8B	11.2B	11.8B
Net Tangible Assets	6.8B	7.8B	9.2B	8.5B	9.7B	10.2B
Long Term Debt	16.2B	15.9B	21.5B	25.2B	24.8B	26.0B
Good Will	949M	970M	966M	3.7B	1.9B	2.0B
Short Term Investments	60M	88M	62M	125M	198.0M	207.9M
Long Term Investments	1.9B	971M	1.1B	1.4B	4.3B	4.5B
Short Long Term Debt	685M	2.1B	2.1B	2.3B	4.9B	5.2B
Intangible Assets	241M	232M	218M	209M	15M	14.3M
Property Plant Equipment	41.1B	44.6B	49.4B	54.3B	62.4B	65.5B
Long Term Debt Total	16.2B	18.1B	21.5B	23.1B	26.6B	15.8B

Pair Trading with Brookfield Renewable

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Brookfield Renewable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Brookfield Renewable will appreciate offsetting losses from the drop in the long position's value.

Moving together with Brookfield Stock

0.84

Atlantica Sustainable

Pair Corr

Moving against Brookfield Stock

0.71	ADN	Advent Technologies	Pair Corr
0.67	HTOO	Fusion Fuel Green	Pair Corr
0.67	ALCE	Alternus Energy Group Symbol Change	Pair Corr
0.56	STEM	Stem Inc	Pair Corr
0.45	SUUN	SolarBank Common	Pair Corr

The ability to find closely correlated positions to Brookfield Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Renewable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brookfield Renewable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brookfield Renewable Partners to buy it.

The correlation of Brookfield Renewable is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brookfield Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Renewable moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Brookfield Renewable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Brookfield Stock Analysis

When running Brookfield Renewable's price analysis, check to measure Brookfield Renewable'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 Brookfield Renewable is operating at the current time. Most of Brookfield Renewable's value examination focuses on studying past and present price action to predict the probability of Brookfield Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brookfield Renewable's price. Additionally, you may evaluate how the addition of Brookfield Renewable to your portfolios can decrease your overall portfolio volatility.

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