Enlight Property Plant And Equipment Net vs Net Receivables Analysis

ENLT Stock   16.40  0.59  3.73%   
Enlight Renewable financial indicator trend analysis is much more than just examining Enlight Renewable Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enlight Renewable Energy is a good investment. Please check the relationship between Enlight Renewable Property Plant And Equipment Net and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enlight Renewable Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Property Plant And Equipment Net vs Net Receivables

Property Plant And Equipment Net vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enlight Renewable Energy Property Plant And Equipment Net account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Enlight Renewable's Property Plant And Equipment Net and Net Receivables is 0.83. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Enlight Renewable Energy, assuming nothing else is changed. The correlation between historical values of Enlight Renewable's Property Plant And Equipment Net and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Enlight Renewable Energy are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant And Equipment Net i.e., Enlight Renewable's Property Plant And Equipment Net and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Net Receivables

Most indicators from Enlight Renewable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enlight Renewable Energy 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enlight Renewable Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At this time, Enlight Renewable's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 306.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 16 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit197.8M111.1M139.1M80.7M
Total Revenue330.9M192.1M255.7M179.2M

Enlight Renewable fundamental ratios Correlations

0.720.690.660.660.770.760.810.70.150.290.590.730.510.570.620.690.780.70.640.390.030.040.520.41-0.83
0.721.00.780.840.970.970.320.99-0.210.280.91.00.840.910.770.990.931.00.960.60.670.60.860.22-0.8
0.691.00.770.830.950.950.31.0-0.20.280.891.00.850.910.760.990.91.00.950.610.70.640.860.19-0.79
0.660.780.770.930.780.80.40.79-0.480.00.560.790.60.580.860.710.760.770.70.650.430.360.87-0.17-0.92
0.660.840.830.930.850.850.320.85-0.350.20.630.840.680.640.760.770.840.830.790.810.540.430.81-0.19-0.84
0.770.970.950.780.850.980.380.94-0.210.270.890.970.790.880.770.940.970.960.940.570.580.470.810.26-0.82
0.760.970.950.80.850.980.340.95-0.310.180.840.970.770.820.830.940.970.960.90.520.560.430.820.28-0.86
0.810.320.30.40.320.380.340.30.430.420.290.330.150.260.390.30.320.310.290.23-0.34-0.240.160.36-0.51
0.70.991.00.790.850.940.950.3-0.210.250.850.990.850.880.770.990.91.00.930.620.690.640.870.16-0.81
0.15-0.21-0.2-0.48-0.35-0.21-0.310.43-0.210.59-0.07-0.22-0.13-0.06-0.5-0.16-0.26-0.2-0.14-0.05-0.39-0.15-0.530.350.37
0.290.280.280.00.20.270.180.420.250.590.430.250.340.4-0.070.290.130.280.410.540.130.030.020.150.07
0.590.90.890.560.630.890.840.290.85-0.070.430.880.770.990.580.910.790.90.960.50.660.550.750.33-0.56
0.731.01.00.790.840.970.970.330.99-0.220.250.880.830.890.790.990.931.00.940.580.660.590.850.23-0.82
0.510.840.850.60.680.790.770.150.85-0.130.340.770.830.780.440.840.730.840.850.650.780.510.760.01-0.55
0.570.910.910.580.640.880.820.260.88-0.060.40.990.890.780.590.930.780.910.970.520.70.650.780.28-0.57
0.620.770.760.860.760.770.830.390.77-0.5-0.070.580.790.440.590.740.720.770.640.340.340.370.760.17-0.87
0.690.990.990.710.770.940.940.30.99-0.160.290.910.990.840.930.740.880.990.950.540.690.640.840.28-0.75
0.780.930.90.760.840.970.970.320.9-0.260.130.790.930.730.780.720.880.910.870.520.520.40.760.24-0.85
0.71.01.00.770.830.960.960.311.0-0.20.280.91.00.840.910.770.990.910.950.60.690.630.860.21-0.79
0.640.960.950.70.790.940.90.290.93-0.140.410.960.940.850.970.640.950.870.950.670.730.590.840.15-0.67
0.390.60.610.650.810.570.520.230.62-0.050.540.50.580.650.520.340.540.520.60.670.580.40.62-0.48-0.45
0.030.670.70.430.540.580.56-0.340.69-0.390.130.660.660.780.70.340.690.520.690.730.580.790.72-0.28-0.28
0.040.60.640.360.430.470.43-0.240.64-0.150.030.550.590.510.650.370.640.40.630.590.40.790.57-0.12-0.27
0.520.860.860.870.810.810.820.160.87-0.530.020.750.850.760.780.760.840.760.860.840.620.720.57-0.14-0.81
0.410.220.19-0.17-0.190.260.280.360.160.350.150.330.230.010.280.170.280.240.210.15-0.48-0.28-0.12-0.14-0.11
-0.83-0.8-0.79-0.92-0.84-0.82-0.86-0.51-0.810.370.07-0.56-0.82-0.55-0.57-0.87-0.75-0.85-0.79-0.67-0.45-0.28-0.27-0.81-0.11
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Enlight Renewable Account Relationship Matchups

Enlight Renewable fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding62.5M78.3M98.1M100.0M123.9M130.1M
Total Assets4.5B5.8B8.8B3.5B4.6B3.3B
Short Long Term Debt Total2.8B3.8B5.7B2.2B2.7B2.1B
Other Current Liab111.5M785.2M512.5M104.9M371.3M389.9M
Total Current Liabilities394.1M1.0B625.3M385.1M583.3M358.3M
Total Stockholder Equity1.0B1.2B1.7B803.6M1.2B616.7M
Property Plant And Equipment Net2.0B3.3B5.0B2.3B3.1B1.5B
Net Debt2.1B3.4B4.8B2.0B2.3B1.8B
Retained Earnings7.2M(143.5M)(107.3M)(7.2M)17.6M18.5M
Accounts Payable119.3M25.6M27.4M10.0M105.6M54.9M
Cash683.2M319.3M827.1M193.7M403.8M287.0M
Non Current Assets Total3.4B5.0B7.5B3.1B4.0B2.7B
Non Currrent Assets Other1.3B1.3B1.8B464.8M547.6M669.2M
Cash And Short Term Investments755.2M423.9M980.6M231.7M409.1M351.8M
Liabilities And Stockholders Equity4.5B5.8B8.8B3.5B4.6B3.3B
Non Current Liabilities Total2.7B3.1B5.8B2.1B2.6B2.1B
Other Stockholder Equity1.0B1.4B1.7B1.3B1.1B670.7M
Total Liab3.1B4.2B6.5B2.5B3.2B2.4B
Total Current Assets1.1B880.3M1.3B423.4M664.6M518.4M
Short Term Debt163.3M236.6M85.4M58.5M106.4M103.2M
Common Stock7.5M8.2M9.2M2.8M912.1K866.5K
Short Term Investments72.1M104.5M153.5M37.9M5.3M5.0M
Intangible Assets193.7M291.2M307.7M131.5M139.8M210.2M

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