Renew Total Current Liabilities vs Property Plant And Equipment Net 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 Total Current Liabilities and its Property Plant And Equipment Net 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.

Total Current Liabilities vs Property Plant And Equipment Net

Total Current Liabilities vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renew Energy Global Total Current Liabilities account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Renew Energy's Total Current Liabilities and Property Plant And Equipment Net is 0.98. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Property Plant And Equipment Net 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 Total Current Liabilities and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Renew Energy Global are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Current Liabilities i.e., Renew Energy's Total Current Liabilities and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on Renew Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Renew Energy Global are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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.
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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