ReNew Cash And Short Term Investments vs Inventory Analysis

RNWWW Stock

USD 0.17 0.01 5.56%

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 Short Term Investments and its Inventory 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.

Cash And Short Term Investments vs Inventory

Cash And Short Term Investments vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ReNew Energy Global Cash And Short Term Investments account and Inventory. At this time, the significance of the direction appears to have almost identical trend.

The correlation between ReNew Energy's Cash And Short Term Investments and Inventory is 0.9. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Inventory 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 Short Term Investments and Inventory 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 And Short Term Investments of ReNew Energy Global are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash And Short Term Investments i.e., ReNew Energy's Cash And Short Term Investments and Inventory go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of ReNew Energy Global balance sheet. This account contains ReNew Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by ReNew Energy Global fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Inventory

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 Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.07 in 2025, whereas Tax Provision is likely to drop slightly above 3.2 B in 2025.

	2022	2023	2024	2025 (projected)
Depreciation And Amortization	15.9B	17.6B	20.2B	14.7B
Interest Income	2.9B	4.1B	4.7B	2.6B

Depreciation And Amortization Interest Income

ReNew Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets
Common Stock Shares Outstanding		-0.82	-0.81	-0.78	-0.79	-0.7	-0.73	-0.61	-0.81	0.57	-0.81	0.78	-0.79	-0.67	-0.81	-0.62	-0.69	-0.82	-0.75	0.6	-0.91	-0.74	-0.83	-0.96	-0.8	-0.59
Total Assets	-0.82		0.99	0.99	0.99	0.89	0.95	0.91	0.99	-0.65	0.98	-0.93	0.99	0.84	1.0	0.8	0.94	1.0	0.95	-0.59	0.78	0.95	0.99	0.92	0.98	0.76
Short Long Term Debt Total	-0.81	0.99		0.98	0.97	0.81	0.9	0.86	1.0	-0.59	1.0	-0.87	0.99	0.78	1.0	0.75	0.89	1.0	0.9	-0.68	0.78	0.91	1.0	0.91	0.99	0.68
Other Current Liab	-0.78	0.99	0.98		0.98	0.86	0.93	0.91	0.98	-0.65	0.97	-0.93	0.97	0.86	0.99	0.86	0.93	0.99	0.94	-0.64	0.72	0.91	0.99	0.91	0.97	0.73
Total Current Liabilities	-0.79	0.99	0.97	0.98		0.91	0.97	0.93	0.98	-0.65	0.96	-0.95	0.98	0.88	0.99	0.82	0.97	0.99	0.98	-0.52	0.75	0.96	0.98	0.91	0.97	0.81
Total Stockholder Equity	-0.7	0.89	0.81	0.86	0.91		0.93	0.97	0.85	-0.82	0.8	-0.92	0.86	0.86	0.86	0.82	0.94	0.85	0.97	-0.28	0.67	0.96	0.84	0.82	0.79	0.81
Other Liab	-0.73	0.95	0.9	0.93	0.97	0.93		0.93	0.92	-0.59	0.88	-0.95	0.91	0.94	0.93	0.84	1.0	0.93	0.99	-0.33	0.74	0.94	0.92	0.86	0.91	0.91
Net Tangible Assets	-0.61	0.91	0.86	0.91	0.93	0.97	0.93		0.88	-0.78	0.84	-0.9	0.9	0.85	0.9	0.84	0.95	0.89	0.96	-0.38	0.58	0.95	0.87	0.77	0.83	0.76
Property Plant And Equipment Net	-0.81	0.99	1.0	0.98	0.98	0.85	0.92	0.88		-0.63	1.0	-0.89	0.99	0.79	1.0	0.75	0.91	1.0	0.92	-0.65	0.78	0.93	1.0	0.91	0.99	0.7
Current Deferred Revenue	0.57	-0.65	-0.59	-0.65	-0.65	-0.82	-0.59	-0.78	-0.63		-0.58	0.67	-0.67	-0.54	-0.64	-0.65	-0.61	-0.62	-0.69	0.44	-0.43	-0.74	-0.6	-0.64	-0.52	-0.36
Net Debt	-0.81	0.98	1.0	0.97	0.96	0.8	0.88	0.84	1.0	-0.58		-0.86	0.99	0.75	0.99	0.72	0.88	0.99	0.88	-0.7	0.78	0.9	1.0	0.9	0.99	0.65
Retained Earnings	0.78	-0.93	-0.87	-0.93	-0.95	-0.92	-0.95	-0.9	-0.89	0.67	-0.86		-0.88	-0.95	-0.91	-0.9	-0.95	-0.9	-0.97	0.39	-0.66	-0.89	-0.9	-0.92	-0.88	-0.87
Accounts Payable	-0.79	0.99	0.99	0.97	0.98	0.86	0.91	0.9	0.99	-0.67	0.99	-0.88		0.76	0.99	0.72	0.91	0.99	0.92	-0.63	0.76	0.96	0.99	0.89	0.97	0.69
Cash	-0.67	0.84	0.78	0.86	0.88	0.86	0.94	0.85	0.79	-0.54	0.75	-0.95	0.76		0.82	0.95	0.94	0.82	0.93	-0.25	0.61	0.79	0.81	0.82	0.79	0.91
Non Current Assets Total	-0.81	1.0	1.0	0.99	0.99	0.86	0.93	0.9	1.0	-0.64	0.99	-0.91	0.99	0.82		0.79	0.92	1.0	0.93	-0.64	0.77	0.93	1.0	0.92	0.99	0.72
Non Currrent Assets Other	-0.62	0.8	0.75	0.86	0.82	0.82	0.84	0.84	0.75	-0.65	0.72	-0.9	0.72	0.95	0.79		0.85	0.78	0.86	-0.4	0.5	0.71	0.77	0.77	0.74	0.73
Other Assets	-0.69	0.94	0.89	0.93	0.97	0.94	1.0	0.95	0.91	-0.61	0.88	-0.95	0.91	0.94	0.92	0.85		0.92	0.99	-0.32	0.69	0.94	0.91	0.84	0.9	0.9
Long Term Debt	-0.82	1.0	1.0	0.99	0.99	0.85	0.93	0.89	1.0	-0.62	0.99	-0.9	0.99	0.82	1.0	0.78	0.92		0.93	-0.64	0.78	0.93	1.0	0.92	0.99	0.72
Cash And Short Term Investments	-0.75	0.95	0.9	0.94	0.98	0.97	0.99	0.96	0.92	-0.69	0.88	-0.97	0.92	0.93	0.93	0.86	0.99	0.93		-0.36	0.72	0.96	0.92	0.89	0.9	0.88
Net Receivables	0.6	-0.59	-0.68	-0.64	-0.52	-0.28	-0.33	-0.38	-0.65	0.44	-0.7	0.39	-0.63	-0.25	-0.64	-0.4	-0.32	-0.64	-0.36		-0.47	-0.41	-0.65	-0.59	-0.64	0.03
Good Will	-0.91	0.78	0.78	0.72	0.75	0.67	0.74	0.58	0.78	-0.43	0.78	-0.66	0.76	0.61	0.77	0.5	0.69	0.78	0.72	-0.47		0.74	0.79	0.83	0.77	0.59
Short Term Investments	-0.74	0.95	0.91	0.91	0.96	0.96	0.94	0.95	0.93	-0.74	0.9	-0.89	0.96	0.79	0.93	0.71	0.94	0.93	0.96	-0.41	0.74		0.92	0.85	0.89	0.78
Non Current Liabilities Total	-0.83	0.99	1.0	0.99	0.98	0.84	0.92	0.87	1.0	-0.6	1.0	-0.9	0.99	0.81	1.0	0.77	0.91	1.0	0.92	-0.65	0.79	0.92		0.92	0.99	0.71
Capital Lease Obligations	-0.96	0.92	0.91	0.91	0.91	0.82	0.86	0.77	0.91	-0.64	0.9	-0.92	0.89	0.82	0.92	0.77	0.84	0.92	0.89	-0.59	0.83	0.85	0.92		0.91	0.73
Inventory	-0.8	0.98	0.99	0.97	0.97	0.79	0.91	0.83	0.99	-0.52	0.99	-0.88	0.97	0.79	0.99	0.74	0.9	0.99	0.9	-0.64	0.77	0.89	0.99	0.91		0.72
Other Current Assets	-0.59	0.76	0.68	0.73	0.81	0.81	0.91	0.76	0.7	-0.36	0.65	-0.87	0.69	0.91	0.72	0.73	0.9	0.72	0.88	0.03	0.59	0.78	0.71	0.73	0.72

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ReNew Energy Account Relationship Matchups

ReNew Energy fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	492.1B	641.3B	748.1B	873.9B	1.0T	711.7B
Short Long Term Debt Total	351.6B	391.7B	516.4B	655.7B	754.0B	494.9B
Other Current Liab	14B	24.2B	44.2B	50.2B	57.7B	32.2B
Total Current Liabilities	60.8B	101.3B	115.8B	142.0B	163.4B	104.0B
Total Stockholder Equity	62.1B	118.4B	106.8B	105.2B	121.0B	102.8B
Property Plant And Equipment Net	353.8B	445.1B	544.5B	696.6B	801.1B	526.0B
Net Debt	331.0B	363.3B	478.2B	628.6B	722.9B	466.9B
Retained Earnings	(6.5B)	(38.4B)	(53.6B)	(56.4B)	(50.8B)	(48.3B)
Accounts Payable	3.2B	5.6B	6.1B	9.1B	10.5B	6.1B
Cash	20.7B	28.4B	38.2B	27.0B	31.1B	28.0B
Non Current Assets Total	399.7B	506.1B	636.4B	769.5B	884.9B	595.4B
Non Currrent Assets Other	4.9B	17.0B	43.2B	21.6B	24.8B	20.2B
Long Term Debt	308.4B	373.7B	467.7B	565.9B	650.7B	442.9B
Cash And Short Term Investments	47.2B	81.3B	80.6B	82.9B	95.4B	74.0B
Net Receivables	40.0B	48.9B	23.7B	15.6B	14.1B	25.3B
Short Term Investments	26.6B	52.9B	42.4B	55.9B	64.3B	46.0B
Liabilities And Stockholders Equity	492.1B	641.3B	748.1B	873.9B	1.0T	711.7B
Non Current Liabilities Total	366.5B	413.7B	512.5B	610.2B	701.7B	495.2B
Capital Lease Obligations	2.1B	3.5B	6.2B	8.3B	9.6B	10.1B
Inventory	833M	815M	1.2B	1.7B	1.9B	1.1B
Other Current Assets	4.2B	6.2B	4.4B	4.2B	4.8B	4.3B
Other Stockholder Equity	70.0B	153.4B	156.2B	156.8B	180.4B	133.5B
Total Liab	427.3B	515.0B	628.4B	752.2B	865.1B	599.2B
Net Invested Capital	411.6B	506.7B	617.1B	752.5B	865.4B	592.9B
Long Term Investments	3.0B	3.3B	5.4B	7.9B	9.1B	4.6B
Property Plant And Equipment Gross	395.7B	445.1B	544.5B	779.8B	896.8B	560.5B
Short Long Term Debt	41.1B	14.5B	42.5B	81.5B	93.7B	47.2B
Total Current Assets	92.3B	135.2B	111.8B	104.4B	120.1B	116.3B
Non Current Liabilities Other	143M	2.1B	1.7B	2.0B	2.3B	1.3B
Net Working Capital	31.5B	33.9B	(4.1B)	(37.6B)	(33.8B)	(32.2B)
Short Term Debt	41.4B	71.0B	63.8B	82.3B	94.7B	64.7B
Intangible Assets	24.8B	28.1B	27.0B	26.3B	30.2B	28.8B

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ReNew Cash And Short Term Investments vs Inventory Analysis

Cash And Short Term Investments vs Inventory

Cash And Short Term Investments vs Inventory Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Inventory

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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Additional Tools for ReNew Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Cash And Short Term Investments	- 0.97	Retained Earnings
Capital Lease Obligations	- 0.96	Common Stock Shares Outstanding
Other Assets	- 0.95	Retained Earnings
Cash	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Other Liab
Retained Earnings	- 0.95	Total Current Liabilities