ReNew Capital Lease Obligations vs Non Currrent Assets Other Analysis
| RNWWW Stock | USD 0.19 0.03 13.64% |
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 Capital Lease Obligations and its Non Currrent Assets Other 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 housing.
Capital Lease Obligations vs Non Currrent Assets Other
Capital Lease Obligations vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ReNew Energy Global Capital Lease Obligations account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very strong relationship.
The correlation between ReNew Energy's Capital Lease Obligations and Non Currrent Assets Other is 0.83. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Non Currrent Assets Other 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 Capital Lease Obligations and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of ReNew Energy Global are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Capital Lease Obligations i.e., ReNew Energy's Capital Lease Obligations and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.83 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Capital Lease Obligations
ReNew Energy Global capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to ReNew Energy asset purchases. For example, ReNew Energy can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as ReNew Energy control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.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 housing. 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) | Depreciation And Amortization | 13.8B | 15.9B | 17.6B | 14.7B | Interest Income | 1.8B | 2.9B | 4.1B | 2.6B |
ReNew Energy fundamental ratios Correlations
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ReNew Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running ReNew Energy's price analysis, check to 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.