Renew Cash vs Net Debt Analysis

RNW Stock

USD 5.63 0.14 2.55%

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 Cash and its Net 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.

Cash vs Net Debt

Cash vs Net Debt Correlation Analysis

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

The correlation between Renew Energy's Cash and Net Debt is 0.89. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net 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 Cash 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 Cash of Renew Energy Global 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 Cash i.e., Renew Energy's Cash and Net Debt go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Cash

Cash refers to the most liquid asset of Renew Energy Global, which is listed under current asset account on Renew Energy Global balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Renew Energy customers. The amounts must be unrestricted with restricted cash listed in a different Renew Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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 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)
EBIT	24.2B	41.5B	51.2B	35.5B
Other Operating Expenses	26.4B	25.0B	8.6B	17.0B

Ebit Other Operating Expenses

Renew Energy fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Short Term Investments
Other Current Liab		0.63	0.37	0.57	-0.59	0.6	0.87	-0.1	0.67	0.61	0.61	-0.58	0.29	0.6	0.51	0.56	0.49	0.57	0.4	0.45	0.57	0.26	0.31	0.52	-0.43	0.42
Total Current Liabilities	0.63		0.86	0.95	-0.95	0.98	0.71	0.22	0.9	0.86	0.89	-0.7	0.8	0.99	0.93	0.98	0.88	0.98	0.87	0.88	0.98	0.74	0.78	0.8	-0.58	0.92
Other Liab	0.37	0.86		0.83	-0.81	0.88	0.67	0.62	0.91	0.7	0.94	-0.86	0.95	0.85	0.98	0.91	0.76	0.9	0.98	0.9	0.9	0.95	0.89	0.63	-0.43	0.95
Net Tangible Assets	0.57	0.95	0.83		-0.87	0.93	0.67	0.28	0.8	0.69	0.87	-0.62	0.79	0.95	0.9	0.91	0.93	0.9	0.79	0.83	0.9	0.67	0.79	0.63	-0.39	0.9
Retained Earnings	-0.59	-0.95	-0.81	-0.87		-0.91	-0.68	-0.18	-0.84	-0.93	-0.87	0.69	-0.81	-0.95	-0.87	-0.95	-0.9	-0.93	-0.85	-0.91	-0.94	-0.76	-0.83	-0.79	0.77	-0.89
Accounts Payable	0.6	0.98	0.88	0.93	-0.91		0.7	0.22	0.92	0.85	0.88	-0.74	0.79	0.98	0.94	0.98	0.84	0.99	0.9	0.82	0.98	0.77	0.73	0.85	-0.58	0.93
Other Assets	0.87	0.71	0.67	0.67	-0.68	0.7		0.39	0.84	0.64	0.85	-0.86	0.65	0.69	0.75	0.69	0.63	0.68	0.65	0.65	0.68	0.59	0.61	0.54	-0.42	0.68
Net Receivables	-0.1	0.22	0.62	0.28	-0.18	0.22	0.39		0.39	0.02	0.56	-0.6	0.71	0.21	0.52	0.28	0.31	0.22	0.49	0.47	0.23	0.63	0.64	-0.07	0.15	0.5
Inventory	0.67	0.9	0.91	0.8	-0.84	0.92	0.84	0.39		0.84	0.93	-0.91	0.81	0.88	0.95	0.93	0.7	0.93	0.93	0.84	0.93	0.85	0.75	0.78	-0.57	0.88
Other Current Assets	0.61	0.86	0.7	0.69	-0.93	0.85	0.64	0.02	0.84		0.75	-0.69	0.66	0.87	0.77	0.89	0.71	0.9	0.8	0.77	0.9	0.71	0.64	0.91	-0.89	0.78
Other Stockholder Equity	0.61	0.89	0.94	0.87	-0.87	0.88	0.85	0.56	0.93	0.75		-0.91	0.93	0.88	0.97	0.91	0.85	0.88	0.92	0.91	0.89	0.89	0.91	0.62	-0.51	0.94
Deferred Long Term Liab	-0.58	-0.7	-0.86	-0.62	0.69	-0.74	-0.86	-0.6	-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	-0.6	0.51	-0.81
Total Current Assets	0.29	0.8	0.95	0.79	-0.81	0.79	0.65	0.71	0.81	0.66	0.93	-0.83		0.8	0.93	0.85	0.83	0.81	0.91	0.91	0.81	0.94	0.97	0.53	-0.46	0.95
Common Stock	0.6	0.99	0.85	0.95	-0.95	0.98	0.69	0.21	0.88	0.87	0.88	-0.69	0.8		0.92	0.97	0.91	0.97	0.86	0.85	0.97	0.74	0.77	0.83	-0.62	0.93
Property Plant Equipment	0.51	0.93	0.98	0.9	-0.87	0.94	0.75	0.52	0.95	0.77	0.97	-0.86	0.93	0.92		0.96	0.83	0.94	0.97	0.9	0.95	0.9	0.88	0.71	-0.49	0.97
Total Assets	0.56	0.98	0.91	0.91	-0.95	0.98	0.69	0.28	0.93	0.89	0.91	-0.77	0.85	0.97	0.96		0.85	1.0	0.94	0.91	1.0	0.84	0.82	0.82	-0.65	0.95
Total Stockholder Equity	0.49	0.88	0.76	0.93	-0.9	0.84	0.63	0.31	0.7	0.71	0.85	-0.6	0.83	0.91	0.83	0.85		0.81	0.73	0.84	0.82	0.68	0.86	0.58	-0.54	0.89
Property Plant And Equipment Net	0.57	0.98	0.9	0.9	-0.93	0.99	0.68	0.22	0.93	0.9	0.88	-0.75	0.81	0.97	0.94	1.0	0.81		0.94	0.87	1.0	0.82	0.76	0.86	-0.65	0.93
Net Debt	0.4	0.87	0.98	0.79	-0.85	0.9	0.65	0.49	0.93	0.8	0.92	-0.87	0.91	0.86	0.97	0.94	0.73	0.94		0.89	0.94	0.96	0.85	0.74	-0.58	0.94
Cash	0.45	0.88	0.9	0.83	-0.91	0.82	0.65	0.47	0.84	0.77	0.91	-0.75	0.91	0.85	0.9	0.91	0.84	0.87	0.89		0.88	0.86	0.95	0.55	-0.55	0.88
Non Current Assets Total	0.57	0.98	0.9	0.9	-0.94	0.98	0.68	0.23	0.93	0.9	0.89	-0.75	0.81	0.97	0.95	1.0	0.82	1.0	0.94	0.88		0.82	0.78	0.84	-0.65	0.93
Non Currrent Assets Other	0.26	0.74	0.95	0.67	-0.76	0.77	0.59	0.63	0.85	0.71	0.89	-0.88	0.94	0.74	0.9	0.84	0.68	0.82	0.96	0.86	0.82		0.89	0.6	-0.55	0.9
Cash And Short Term Investments	0.31	0.78	0.89	0.79	-0.83	0.73	0.61	0.64	0.75	0.64	0.91	-0.76	0.97	0.77	0.88	0.82	0.86	0.76	0.85	0.95	0.78	0.89		0.43	-0.48	0.89
Good Will	0.52	0.8	0.63	0.63	-0.79	0.85	0.54	-0.07	0.78	0.91	0.62	-0.6	0.53	0.83	0.71	0.82	0.58	0.86	0.74	0.55	0.84	0.6	0.43		-0.77	0.73
Common Stock Shares Outstanding	-0.43	-0.58	-0.43	-0.39	0.77	-0.58	-0.42	0.15	-0.57	-0.89	-0.51	0.51	-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
Short Term Investments	0.42	0.92	0.95	0.9	-0.89	0.93	0.68	0.5	0.88	0.78	0.94	-0.81	0.95	0.93	0.97	0.95	0.89	0.93	0.94	0.88	0.93	0.9	0.89	0.73	-0.56

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Renew Energy Account Relationship Matchups

Renew Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	13.6B	14.1B	24.2B	41.0B	47.2B	33.8B
Total Current Liabilities	52.7B	60.8B	101.3B	115.8B	142.0B	91.8B
Other Liab	9.8B	26.0B	29.6B	37.0B	42.5B	24.4B
Net Tangible Assets	35.6B	38.6B	25.7B	78.7B	90.5B	46.7B
Retained Earnings	1.2B	(6.5B)	(38.4B)	(53.6B)	(56.4B)	(53.6B)
Accounts Payable	3.7B	3.2B	5.6B	6.1B	9.1B	5.3B
Other Assets	26.3B	12.1B	14.0B	20.0B	23.0B	17.9B
Net Receivables	29.6B	40.0B	44.8B	22.2B	14.0B	13.3B
Inventory	609M	833M	815M	1.2B	1.7B	944.7M
Other Current Assets	722M	9.5B	10.5B	23.6B	36.9B	38.7B
Other Stockholder Equity	70.6B	67.2B	153.4B	154.1B	154.2B	106.0B
Total Current Assets	84.9B	92.3B	135.2B	111.8B	104.4B	98.9B
Property Plant Equipment	282.5B	345.3B	346.3B	445.1B	511.9B	366.3B
Total Assets	479.6B	492.1B	641.3B	748.1B	873.9B	666.1B
Total Stockholder Equity	74.5B	62.1B	118.4B	106.8B	105.2B	99.0B
Property Plant And Equipment Net	350.8B	353.8B	445.1B	544.5B	691.5B	489.2B
Net Debt	321.0B	331.0B	363.3B	478.2B	628.6B	387.2B
Cash	13.1B	20.7B	28.4B	38.2B	27.0B	25.2B
Non Current Assets Total	394.6B	399.7B	506.1B	636.4B	769.5B	554.9B
Non Currrent Assets Other	5.2B	4.9B	17.0B	43.2B	33.5B	35.2B
Cash And Short Term Investments	44.4B	47.2B	81.3B	80.6B	51.9B	60.7B
Short Term Investments	31.3B	26.6B	52.9B	42.4B	55.9B	41.2B
Non Current Liabilities Total	348.0B	366.5B	413.7B	512.5B	610.2B	459.2B
Total Liab	400.7B	427.3B	515.0B	628.4B	752.2B	558.3B
Intangible Assets	24.6B	24.8B	28.1B	27.0B	26.3B	28.7B

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Renew Cash vs Net Debt Analysis

Cash vs Net Debt

Cash vs Net Debt Correlation Analysis

Correlation Coefficient

Cash

Net Debt

Renew Energy fundamental ratios Correlations

Renew Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Renew Energy fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 0.99	Total Current Liabilities
Property Plant And Equipment Net	+ 0.99	Accounts Payable
Accounts Payable	+ 0.98	Total Current Liabilities

Total Assets	- 0.95	Retained Earnings
Common Stock	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Total Current Liabilities
Non Current Assets Total	- 0.94	Retained Earnings
Property Plant And Equipment Net	- 0.93	Retained Earnings
Other Current Assets	- 0.93	Retained Earnings