Renew Long Term Debt vs Net Receivables Analysis

RNW Stock  USD 6.92  0.02  0.29%   
Renew Energy financial indicator trend analysis is much more than just breaking down Renew Energy Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renew Energy Global is a good investment. Please check the relationship between Renew Energy Long Term Debt and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renew Energy Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Long Term Debt vs Net Receivables

Long Term Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renew Energy Global Long Term Debt account and Net Receivables. At this time, the significance of the direction appears to have very week relationship.
The correlation between Renew Energy's Long Term Debt and Net Receivables is 0.21. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Renew Energy Global, assuming nothing else is changed. The correlation between historical values of Renew Energy's Long Term Debt 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 Long Term Debt of Renew Energy Global 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 Long Term Debt i.e., Renew Energy's Long Term Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.21
Relationship DirectionPositive 
Relationship StrengthVery Weak

Long Term Debt

Long-term debt is a debt that Renew Energy Global has held for over one year. Long-term debt appears on Renew Energy Global balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Renew Energy Global balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Net Receivables

Most indicators from Renew Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renew Energy Global 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renew Energy Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Renew Energy's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to climb to about 852 B in 2024, whereas Tax Provision is likely to drop slightly above 3.2 B in 2024.
 2021 2022 2023 2024 (projected)
EBIT24.2B41.5B51.2B35.5B
Other Operating Expenses26.4B25.0B8.6B17.0B

Renew Energy fundamental ratios Correlations

0.630.370.57-0.590.60.87-0.010.670.610.61-0.580.290.60.510.560.490.570.40.450.570.260.310.52-0.430.42
0.630.860.95-0.950.980.710.330.90.860.89-0.70.80.990.930.980.880.980.870.880.980.740.780.8-0.580.92
0.370.860.83-0.810.880.670.680.910.70.94-0.860.950.850.980.910.760.90.980.90.90.950.890.63-0.430.95
0.570.950.83-0.870.930.670.310.80.690.87-0.620.790.950.90.910.930.90.790.830.90.670.790.63-0.390.9
-0.59-0.95-0.81-0.87-0.91-0.68-0.38-0.84-0.93-0.870.69-0.81-0.95-0.87-0.95-0.9-0.93-0.85-0.91-0.94-0.76-0.83-0.790.77-0.89
0.60.980.880.93-0.910.70.330.920.850.88-0.740.790.980.940.980.840.990.90.820.980.770.730.85-0.580.93
0.870.710.670.67-0.680.70.470.840.640.85-0.860.650.690.750.690.630.680.650.650.680.590.610.54-0.420.68
-0.010.330.680.31-0.380.330.470.490.270.65-0.720.810.340.590.410.430.350.610.580.360.770.740.15-0.20.62
0.670.90.910.8-0.840.920.840.490.840.94-0.910.810.880.950.930.70.930.930.840.930.850.750.78-0.570.88
0.610.860.70.69-0.930.850.640.270.840.76-0.690.660.870.770.890.710.90.80.770.90.710.640.91-0.890.78
0.610.890.940.87-0.870.880.850.650.940.76-0.910.930.880.970.910.850.890.920.910.890.890.910.63-0.510.94
-0.58-0.7-0.86-0.620.69-0.74-0.86-0.72-0.91-0.69-0.91-0.83-0.69-0.86-0.77-0.6-0.75-0.87-0.75-0.75-0.88-0.76-0.60.51-0.81
0.290.80.950.79-0.810.790.650.810.810.660.93-0.830.80.930.850.830.810.910.910.810.940.970.53-0.460.95
0.60.990.850.95-0.950.980.690.340.880.870.88-0.690.80.920.970.910.970.860.850.970.740.770.83-0.620.93
0.510.930.980.9-0.870.940.750.590.950.770.97-0.860.930.920.960.830.940.970.90.950.90.880.71-0.490.97
0.560.980.910.91-0.950.980.690.410.930.890.91-0.770.850.970.960.851.00.940.911.00.840.820.82-0.650.95
0.490.880.760.93-0.90.840.630.430.70.710.85-0.60.830.910.830.850.810.730.840.820.680.860.58-0.540.89
0.570.980.90.9-0.930.990.680.350.930.90.89-0.750.810.970.941.00.810.940.871.00.820.760.86-0.650.93
0.40.870.980.79-0.850.90.650.610.930.80.92-0.870.910.860.970.940.730.940.890.940.960.850.74-0.580.94
0.450.880.90.83-0.910.820.650.580.840.770.91-0.750.910.850.90.910.840.870.890.880.860.950.55-0.550.88
0.570.980.90.9-0.940.980.680.360.930.90.89-0.750.810.970.951.00.821.00.940.880.820.780.84-0.650.93
0.260.740.950.67-0.760.770.590.770.850.710.89-0.880.940.740.90.840.680.820.960.860.820.890.6-0.550.9
0.310.780.890.79-0.830.730.610.740.750.640.91-0.760.970.770.880.820.860.760.850.950.780.890.43-0.480.89
0.520.80.630.63-0.790.850.540.150.780.910.63-0.60.530.830.710.820.580.860.740.550.840.60.43-0.770.73
-0.43-0.58-0.43-0.390.77-0.58-0.42-0.2-0.57-0.89-0.510.51-0.46-0.62-0.49-0.65-0.54-0.65-0.58-0.55-0.65-0.55-0.48-0.77-0.56
0.420.920.950.9-0.890.930.680.620.880.780.94-0.810.950.930.970.950.890.930.940.880.930.90.890.73-0.56
Click cells to compare fundamentals

Renew Energy Account Relationship Matchups

Renew Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab13.6B14.1B24.2B41.0B47.2B33.8B
Total Current Liabilities52.7B60.8B101.3B115.8B142.0B91.8B
Other Liab9.8B26.0B29.6B37.0B42.5B24.4B
Net Tangible Assets35.6B38.6B25.7B78.7B90.5B46.7B
Retained Earnings1.2B(6.5B)(38.4B)(53.6B)(56.4B)(53.6B)
Accounts Payable3.7B3.2B5.6B6.1B9.1B5.3B
Other Assets26.3B12.1B14.0B20.0B23.0B17.9B
Net Receivables29.6B40.0B44.8B22.2B15.6B28.9B
Inventory609M833M815M1.2B1.7B944.7M
Other Current Assets722M9.5B10.5B23.6B36.9B38.7B
Other Stockholder Equity70.6B67.2B153.4B154.1B156.8B106.4B
Total Current Assets84.9B92.3B135.2B111.8B104.4B98.9B
Property Plant Equipment282.5B345.3B346.3B445.1B511.9B366.3B
Total Assets479.6B492.1B641.3B748.1B873.9B666.1B
Total Stockholder Equity74.5B62.1B118.4B106.8B105.2B99.0B
Property Plant And Equipment Net350.8B353.8B445.1B544.5B691.5B489.2B
Net Debt321.0B331.0B363.3B478.2B628.6B387.2B
Cash13.1B20.7B28.4B38.2B27.0B25.2B
Non Current Assets Total394.6B399.7B506.1B636.4B769.5B554.9B
Non Currrent Assets Other5.2B4.9B17.0B43.2B33.5B35.2B
Cash And Short Term Investments44.4B47.2B81.3B80.6B51.9B60.7B
Short Term Investments31.3B26.6B52.9B42.4B55.9B41.2B
Non Current Liabilities Total348.0B366.5B413.7B512.5B610.2B459.2B
Total Liab400.7B427.3B515.0B628.4B752.2B558.3B
Intangible Assets24.6B24.8B28.1B27.0B26.3B28.7B

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