Clearway Capex To Depreciation vs Price To Sales Ratio Analysis

CWEN-A Stock

USD 27.00 0.31 1.16%

Clearway Energy financial indicator trend analysis is way more than just evaluating Clearway Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clearway Energy is a good investment. Please check the relationship between Clearway Energy Capex To Depreciation and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearway 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 board of governors.

Capex To Depreciation vs Price To Sales Ratio

Capex To Depreciation vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clearway Energy Capex To Depreciation account and Price To Sales Ratio. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Clearway Energy's Capex To Depreciation and Price To Sales Ratio is 0.58. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Clearway Energy, assuming nothing else is changed. The correlation between historical values of Clearway Energy's Capex To Depreciation and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Clearway Energy are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Capex To Depreciation i.e., Clearway Energy's Capex To Depreciation and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

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Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Clearway Energy stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Clearway Energy sales, a figure that is much harder to manipulate than other Clearway Energy multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Clearway Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clearway 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearway 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 board of governors.

At present, Clearway Energy's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.04, whereas Selling General Administrative is forecasted to decline to about 23.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	312M	232M	337M	245.9M
Depreciation And Amortization	664M	701M	727M	387.2M

Interest Expense Depreciation And Amortization

Clearway Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Common Stock Shares Outstanding		0.9	0.89	0.5	0.62	0.86	0.9	0.96	0.89	0.32	0.37	0.61	0.9	0.49	0.61	0.54	0.87	0.87	0.7	0.76	0.88	0.81	0.75	0.53	0.82	-0.52
Total Assets	0.9		0.99	0.58	0.63	0.95	1.0	0.9	0.98	0.34	0.43	0.73	1.0	0.71	0.73	0.61	0.99	0.96	0.72	0.87	0.99	0.82	0.84	0.51	0.96	-0.77
Short Long Term Debt Total	0.89	0.99		0.53	0.67	0.96	0.98	0.9	1.0	0.23	0.39	0.69	0.99	0.73	0.69	0.55	0.99	0.96	0.69	0.92	1.0	0.78	0.79	0.57	0.94	-0.8
Other Current Liab	0.5	0.58	0.53		0.51	0.38	0.56	0.62	0.54	0.18	0.56	0.24	0.55	0.23	0.24	0.29	0.54	0.35	0.9	0.33	0.57	0.45	0.68	0.22	0.66	-0.28
Total Current Liabilities	0.62	0.63	0.67	0.51		0.56	0.61	0.68	0.69	-0.06	0.51	0.17	0.63	0.45	0.17	0.29	0.57	0.54	0.67	0.58	0.67	0.5	0.53	0.95	0.59	-0.46
Total Stockholder Equity	0.86	0.95	0.96	0.38	0.56		0.94	0.82	0.95	0.28	0.32	0.71	0.96	0.67	0.71	0.5	0.95	0.97	0.56	0.92	0.95	0.75	0.72	0.5	0.89	-0.8
Property Plant And Equipment Net	0.9	1.0	0.98	0.56	0.61	0.94		0.9	0.98	0.35	0.46	0.72	1.0	0.73	0.72	0.62	0.98	0.95	0.71	0.85	0.98	0.83	0.83	0.49	0.95	-0.75
Current Deferred Revenue	0.96	0.9	0.9	0.62	0.68	0.82	0.9		0.9	0.28	0.35	0.61	0.9	0.53	0.61	0.5	0.88	0.83	0.77	0.76	0.9	0.78	0.78	0.56	0.86	-0.51
Net Debt	0.89	0.98	1.0	0.54	0.69	0.95	0.98	0.9		0.2	0.41	0.65	0.99	0.74	0.65	0.54	0.98	0.96	0.7	0.92	1.0	0.78	0.78	0.59	0.93	-0.8
Retained Earnings	0.32	0.34	0.23	0.18	-0.06	0.28	0.35	0.28	0.2		0.08	0.59	0.32	0.0	0.59	0.68	0.29	0.3	0.32	0.05	0.25	0.6	0.62	-0.11	0.42	-0.09
Accounts Payable	0.37	0.43	0.39	0.56	0.51	0.32	0.46	0.35	0.41	0.08		-0.01	0.42	0.43	-0.01	0.37	0.35	0.26	0.61	0.13	0.4	0.46	0.45	0.32	0.38	-0.17
Cash	0.61	0.73	0.69	0.24	0.17	0.71	0.72	0.61	0.65	0.59	-0.01		0.72	0.41	1.0	0.48	0.74	0.75	0.35	0.57	0.69	0.59	0.68	0.14	0.77	-0.56
Non Current Assets Total	0.9	1.0	0.99	0.55	0.63	0.96	1.0	0.9	0.99	0.32	0.42	0.72		0.73	0.72	0.6	0.99	0.97	0.7	0.88	0.99	0.81	0.82	0.52	0.95	-0.78
Non Currrent Assets Other	0.49	0.71	0.73	0.23	0.45	0.67	0.73	0.53	0.74	0.0	0.43	0.41	0.73		0.41	0.49	0.72	0.71	0.37	0.71	0.72	0.55	0.5	0.41	0.62	-0.71
Cash And Short Term Investments	0.61	0.73	0.69	0.24	0.17	0.71	0.72	0.61	0.65	0.59	-0.01	1.0	0.72	0.41		0.48	0.74	0.75	0.35	0.57	0.69	0.59	0.68	0.14	0.77	-0.56
Net Receivables	0.54	0.61	0.55	0.29	0.29	0.5	0.62	0.5	0.54	0.68	0.37	0.48	0.6	0.49	0.48		0.57	0.59	0.58	0.44	0.56	0.91	0.82	0.23	0.54	-0.51
Non Current Liabilities Total	0.87	0.99	0.99	0.54	0.57	0.95	0.98	0.88	0.98	0.29	0.35	0.74	0.99	0.72	0.74	0.57		0.97	0.68	0.91	0.99	0.79	0.81	0.45	0.95	-0.81
Inventory	0.87	0.96	0.96	0.35	0.54	0.97	0.95	0.83	0.96	0.3	0.26	0.75	0.97	0.71	0.75	0.59	0.97		0.54	0.93	0.96	0.78	0.74	0.5	0.88	-0.84
Other Current Assets	0.7	0.72	0.69	0.9	0.67	0.56	0.71	0.77	0.7	0.32	0.61	0.35	0.7	0.37	0.35	0.58	0.68	0.54		0.5	0.72	0.74	0.87	0.42	0.75	-0.41
Other Stockholder Equity	0.76	0.87	0.92	0.33	0.58	0.92	0.85	0.76	0.92	0.05	0.13	0.57	0.88	0.71	0.57	0.44	0.91	0.93	0.5		0.91	0.64	0.62	0.55	0.8	-0.89
Total Liab	0.88	0.99	1.0	0.57	0.67	0.95	0.98	0.9	1.0	0.25	0.4	0.69	0.99	0.72	0.69	0.56	0.99	0.96	0.72	0.91		0.79	0.81	0.56	0.95	-0.8
Property Plant And Equipment Gross	0.81	0.82	0.78	0.45	0.5	0.75	0.83	0.78	0.78	0.6	0.46	0.59	0.81	0.55	0.59	0.91	0.79	0.78	0.74	0.64	0.79		0.92	0.4	0.75	-0.58
Total Current Assets	0.75	0.84	0.79	0.68	0.53	0.72	0.83	0.78	0.78	0.62	0.45	0.68	0.82	0.5	0.68	0.82	0.81	0.74	0.87	0.62	0.81	0.92		0.36	0.86	-0.6
Short Term Debt	0.53	0.51	0.57	0.22	0.95	0.5	0.49	0.56	0.59	-0.11	0.32	0.14	0.52	0.41	0.14	0.23	0.45	0.5	0.42	0.55	0.56	0.4	0.36		0.44	-0.43
Intangible Assets	0.82	0.96	0.94	0.66	0.59	0.89	0.95	0.86	0.93	0.42	0.38	0.77	0.95	0.62	0.77	0.54	0.95	0.88	0.75	0.8	0.95	0.75	0.86	0.44		-0.71
Common Stock	-0.52	-0.77	-0.8	-0.28	-0.46	-0.8	-0.75	-0.51	-0.8	-0.09	-0.17	-0.56	-0.78	-0.71	-0.56	-0.51	-0.81	-0.84	-0.41	-0.89	-0.8	-0.58	-0.6	-0.43	-0.71

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Clearway Energy Account Relationship Matchups

Clearway Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	104M	109M	116M	117M	134.6M	98.9M
Total Assets	9.7B	10.6B	12.8B	12.3B	14.7B	9.0B
Short Long Term Debt Total	7.0B	7.3B	8.3B	7.4B	8.7B	5.8B
Other Current Liab	16M	161M	678M	240M	187M	124.4M
Total Current Liabilities	2.1B	634M	1.6B	617M	906M	765.6M
Total Stockholder Equity	1.8B	1.8B	1.8B	2.2B	2.1B	1.7B
Property Plant And Equipment Net	6.3B	7.6B	8.2B	7.9B	10.1B	5.9B
Current Deferred Revenue	112M	123M	138M	119M	136M	98.3M
Net Debt	6.9B	7.0B	8.1B	6.7B	8.1B	5.5B
Retained Earnings	(72M)	(84M)	(33M)	463M	361M	379.1M
Accounts Payable	105M	89M	181M	55M	161M	105.5M
Cash	155M	268M	179M	657M	535M	276.3M
Non Current Assets Total	9.1B	9.9B	11.3B	11.0B	13.1B	8.2B
Non Currrent Assets Other	103M	115M	107M	40M	157M	95.7M
Cash And Short Term Investments	155M	268M	179M	657M	535M	276.3M
Net Receivables	118M	143M	144M	153M	345M	362.3M
Liabilities And Stockholders Equity	9.7B	10.6B	12.8B	12.3B	14.7B	9.0B
Non Current Liabilities Total	5.4B	7.2B	7.9B	7.7B	8.8B	5.5B
Other Current Assets	295M	313M	1.2B	419M	625M	656.3M
Other Stockholder Equity	1.9B	1.9B	1.9B	1.8B	1.7B	1.6B
Total Liab	7.4B	7.9B	9.5B	8.3B	9.7B	6.3B
Property Plant And Equipment Gross	6.3B	7.6B	8.2B	7.9B	13.6B	14.3B
Total Current Assets	608M	708M	1.5B	1.3B	1.6B	1.6B
Short Term Debt	1.8B	384M	772M	322M	558M	481.0M
Intangible Assets	1.4B	1.4B	2.5B	2.6B	2.4B	1.4B
Net Tangible Assets	422M	1.8B	(665M)	2.2B	2.6B	2.7B
Long Term Debt	5.0B	6.6B	6.9B	6.5B	7.5B	6.0B
Non Current Liabilities Other	121M	523M	173M	201M	287M	172.7M
Property Plant Equipment	6.3B	7.2B	8.2B	7.4B	8.5B	6.1B
Other Liab	130M	217M	382M	623M	716.5M	752.3M
Other Assets	195M	218M	202M	70M	63M	59.9M
Long Term Investments	1.2B	741M	381M	364M	360M	561.0M

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Other Information on Investing in Clearway Stock

Balance Sheet is a snapshot of the financial position of Clearway Energy at a specified time, usually calculated after every quarter, six months, or one year. Clearway Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Clearway Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Clearway currently owns. An asset can also be divided into two categories, current and non-current.

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Clearway Capex To Depreciation vs Price To Sales Ratio Analysis

Capex To Depreciation vs Price To Sales Ratio

Capex To Depreciation vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Price To Sales Ratio

Clearway Energy fundamental ratios Correlations

Clearway Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Clearway Energy fundamental ratios Accounts

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Other Information on Investing in Clearway Stock

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Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Net Debt

Common Stock	- 0.89	Other Stockholder Equity
Common Stock	- 0.84	Inventory
Common Stock	- 0.81	Non Current Liabilities Total
Common Stock	- 0.8	Total Liab
Common Stock	- 0.8	Net Debt
Common Stock	- 0.8	Total Stockholder Equity