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 Property Plant Equipment and its Long Term Debt 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.
Property Plant Equipment vs Long Term Debt
Property Plant Equipment vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Renew Energy Global Property Plant Equipment account and
Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Renew Energy's Property Plant Equipment and Long Term Debt is 0.87. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Long Term Debt 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 Property Plant Equipment and Long Term 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 Property Plant Equipment of Renew Energy Global are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Property Plant Equipment i.e., Renew Energy's Property Plant Equipment and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant Equipment
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.
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.
Renew Energy fundamental ratios Correlations
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Renew Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Renew Energy fundamental ratios Accounts
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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.