Enlight Net Invested Capital vs Net Debt Analysis

ENLT Stock

16.40 0.26 1.61%

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 Net Invested Capital and its Net Debt 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.

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enlight Renewable Energy Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Enlight Renewable's Net Invested Capital and Net Debt is 0.74. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt 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 Net Invested Capital and Net 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 Net Invested Capital of Enlight Renewable Energy are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., Enlight Renewable's Net Invested Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 Profit	197.8M	111.2M	139.1M	80.7M
Total Revenue	330.9M	192.2M	255.7M	179.2M

Gross Profit Total Revenue

Enlight Renewable 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	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Intangible Assets	Other Liab	Net Tangible Assets
Common Stock Shares Outstanding		0.72	0.69	0.45	0.66	0.77	0.76	0.5	0.7	0.33	0.33	0.59	0.73	0.51	0.57	0.74	0.69	0.73	0.7	0.64	0.88	0.42	0.04	0.52	0.41	-0.83
Total Assets	0.72		1.0	0.76	0.84	0.97	0.97	0.47	0.99	-0.13	0.25	0.9	1.0	0.84	0.91	0.75	0.99	0.97	1.0	0.96	0.48	0.85	0.6	0.86	0.22	-0.8
Short Long Term Debt Total	0.69	1.0		0.76	0.83	0.95	0.95	0.48	1.0	-0.13	0.26	0.89	1.0	0.85	0.91	0.73	0.99	0.95	1.0	0.95	0.45	0.87	0.64	0.86	0.19	-0.79
Other Current Liab	0.45	0.76	0.76		0.91	0.73	0.76	0.16	0.78	-0.56	-0.24	0.52	0.77	0.62	0.56	0.72	0.7	0.8	0.75	0.69	0.33	0.74	0.54	0.9	-0.34	-0.82
Total Current Liabilities	0.66	0.84	0.83	0.91		0.85	0.85	0.38	0.85	-0.25	0.13	0.63	0.84	0.68	0.64	0.74	0.77	0.88	0.83	0.79	0.62	0.72	0.43	0.81	-0.19	-0.84
Total Stockholder Equity	0.77	0.97	0.95	0.73	0.85		0.98	0.45	0.94	-0.11	0.26	0.89	0.97	0.79	0.88	0.78	0.94	0.99	0.96	0.94	0.56	0.78	0.47	0.81	0.26	-0.82
Property Plant And Equipment Net	0.76	0.97	0.95	0.76	0.85	0.98		0.39	0.95	-0.21	0.17	0.84	0.97	0.76	0.82	0.85	0.94	0.98	0.96	0.9	0.52	0.74	0.43	0.82	0.28	-0.86
Current Deferred Revenue	0.5	0.47	0.48	0.16	0.38	0.45	0.39		0.48	0.43	0.49	0.42	0.47	0.34	0.44	0.33	0.47	0.39	0.47	0.45	0.43	0.35	0.31	0.18	0.17	-0.28
Net Debt	0.7	0.99	1.0	0.78	0.85	0.94	0.95	0.48		-0.15	0.22	0.85	0.99	0.85	0.88	0.75	0.99	0.94	1.0	0.93	0.46	0.86	0.64	0.87	0.16	-0.81
Retained Earnings	0.33	-0.13	-0.13	-0.56	-0.25	-0.11	-0.21	0.43	-0.15		0.68	-0.02	-0.14	-0.11	-0.03	-0.27	-0.1	-0.22	-0.13	-0.09	0.46	-0.26	-0.24	-0.44	0.41	0.21
Accounts Payable	0.33	0.25	0.26	-0.24	0.13	0.26	0.17	0.49	0.22	0.68		0.41	0.23	0.3	0.37	-0.16	0.27	0.17	0.26	0.37	0.45	0.19	-0.02	-0.07	0.27	0.1
Cash	0.59	0.9	0.89	0.52	0.63	0.89	0.84	0.42	0.85	-0.02	0.41		0.88	0.77	0.99	0.51	0.91	0.87	0.9	0.96	0.37	0.83	0.55	0.75	0.33	-0.56
Non Current Assets Total	0.73	1.0	1.0	0.77	0.84	0.97	0.97	0.47	0.99	-0.14	0.23	0.88		0.83	0.89	0.78	0.99	0.97	1.0	0.94	0.48	0.84	0.59	0.85	0.23	-0.82
Non Currrent Assets Other	0.51	0.84	0.85	0.62	0.68	0.79	0.76	0.34	0.85	-0.11	0.3	0.77	0.83		0.78	0.38	0.84	0.8	0.84	0.85	0.33	0.91	0.51	0.76	0.01	-0.55
Cash And Short Term Investments	0.57	0.91	0.91	0.56	0.64	0.88	0.82	0.44	0.88	-0.03	0.37	0.99	0.89	0.78		0.51	0.93	0.86	0.91	0.97	0.34	0.86	0.65	0.78	0.28	-0.57
Net Receivables	0.74	0.75	0.73	0.72	0.74	0.78	0.85	0.33	0.75	-0.27	-0.16	0.51	0.78	0.38	0.51		0.71	0.79	0.74	0.58	0.48	0.4	0.28	0.65	0.29	-0.91
Non Current Liabilities Total	0.69	0.99	0.99	0.7	0.77	0.94	0.94	0.47	0.99	-0.1	0.27	0.91	0.99	0.84	0.93	0.71		0.93	0.99	0.95	0.42	0.86	0.64	0.84	0.28	-0.75
Other Stockholder Equity	0.73	0.97	0.95	0.8	0.88	0.99	0.98	0.39	0.94	-0.22	0.17	0.87	0.97	0.8	0.86	0.79	0.93		0.95	0.94	0.52	0.81	0.48	0.86	0.16	-0.84
Total Liab	0.7	1.0	1.0	0.75	0.83	0.96	0.96	0.47	1.0	-0.13	0.26	0.9	1.0	0.84	0.91	0.74	0.99	0.95		0.95	0.46	0.86	0.63	0.86	0.21	-0.79
Total Current Assets	0.64	0.96	0.95	0.69	0.79	0.94	0.9	0.45	0.93	-0.09	0.37	0.96	0.94	0.85	0.97	0.58	0.95	0.94	0.95		0.46	0.9	0.59	0.84	0.15	-0.67
Short Term Debt	0.88	0.48	0.45	0.33	0.62	0.56	0.52	0.43	0.46	0.46	0.45	0.37	0.48	0.33	0.34	0.48	0.42	0.52	0.46	0.46		0.26	-0.17	0.35	0.14	-0.66
Common Stock	0.42	0.85	0.87	0.74	0.72	0.78	0.74	0.35	0.86	-0.26	0.19	0.83	0.84	0.91	0.86	0.4	0.86	0.81	0.86	0.9	0.26		0.68	0.9	-0.15	-0.58
Short Term Investments	0.04	0.6	0.64	0.54	0.43	0.47	0.43	0.31	0.64	-0.24	-0.02	0.55	0.59	0.51	0.65	0.28	0.64	0.48	0.63	0.59	-0.17	0.68		0.57	-0.12	-0.27
Intangible Assets	0.52	0.86	0.86	0.9	0.81	0.81	0.82	0.18	0.87	-0.44	-0.07	0.75	0.85	0.76	0.78	0.65	0.84	0.86	0.86	0.84	0.35	0.9	0.57		-0.14	-0.81
Other Liab	0.41	0.22	0.19	-0.34	-0.19	0.26	0.28	0.17	0.16	0.41	0.27	0.33	0.23	0.01	0.28	0.29	0.28	0.16	0.21	0.15	0.14	-0.15	-0.12	-0.14		-0.11
Net Tangible Assets	-0.83	-0.8	-0.79	-0.82	-0.84	-0.82	-0.86	-0.28	-0.81	0.21	0.1	-0.56	-0.82	-0.55	-0.57	-0.91	-0.75	-0.84	-0.79	-0.67	-0.66	-0.58	-0.27	-0.81	-0.11

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Enlight Renewable Account Relationship Matchups

Enlight Renewable fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	62.5M	78.3M	98.1M	100.0M	123.9M	130.1M
Total Assets	4.5B	5.8B	8.8B	3.5B	4.6B	3.3B
Short Long Term Debt Total	2.8B	3.8B	5.7B	2.2B	2.7B	2.1B
Other Current Liab	111.5M	802.9M	512.5M	163.4M	117.6M	166.8M
Total Current Liabilities	394.1M	1.0B	625.3M	385.3M	583.3M	358.4M
Total Stockholder Equity	1.0B	1.2B	1.7B	804.1M	1.2B	616.7M
Property Plant And Equipment Net	2.0B	3.3B	5.0B	2.3B	3.1B	1.5B
Net Debt	2.1B	3.4B	4.8B	2.0B	2.3B	1.8B
Retained Earnings	7.2M	(143.5M)	(107.3M)	(7.2M)	63.7M	66.9M
Accounts Payable	119.3M	7.9M	27.4M	34.6M	105.6M	55.5M
Cash	683.2M	319.3M	827.1M	193.9M	403.8M	287.0M
Non Current Assets Total	3.4B	5.0B	7.5B	3.1B	4.0B	2.7B
Non Currrent Assets Other	1.3B	1.3B	1.8B	465.1M	538.6M	668.4M
Cash And Short Term Investments	755.2M	423.9M	980.6M	231.8M	409.1M	351.8M
Liabilities And Stockholders Equity	4.5B	5.8B	8.8B	3.5B	4.6B	3.3B
Non Current Liabilities Total	2.7B	3.1B	5.8B	2.1B	2.6B	2.1B
Other Stockholder Equity	1.0B	1.4B	1.7B	778.0M	1.0B	615.7M
Total Liab	3.1B	4.2B	6.5B	2.5B	3.2B	2.4B
Total Current Assets	1.1B	880.3M	1.3B	423.7M	664.6M	518.4M
Short Term Debt	163.3M	236.6M	85.4M	187.3M	360.1M	378.1M
Common Stock	7.5M	8.2M	9.2M	2.8M	3.3M	5.1M
Short Term Investments	72.1M	104.5M	153.5M	37.9M	5.3M	5.0M
Intangible Assets	193.7M	291.2M	307.7M	131.6M	139.8M	210.2M

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