ReNew Long Term Debt vs Other Current Assets Analysis

RNWWW Stock

USD 0.31 0.04 14.81%

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 Long Term Debt and its Other Current Assets 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.

Long Term Debt vs Other Current Assets

Long Term Debt vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ReNew Energy Global Long Term Debt account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between ReNew Energy's Long Term Debt and Other Current Assets is 0.71. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Current Assets 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 Long Term Debt and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of ReNew Energy Global are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Long Term Debt i.e., ReNew Energy's Long Term Debt and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Long Term Debt

Long-term debt is a debt that ReNew Energy Global has held for over one year. Long-term debt appears on ReNew Energy Global balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on ReNew Energy Global balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

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

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		-0.72	-0.71	-0.67	-0.68	-0.58	-0.59	-0.44	-0.71	0.52	-0.71	0.77	-0.66	-0.61	-0.71	-0.56	-0.55	-0.72	-0.64	0.44	-0.8	-0.6	-0.73	-0.67	-0.69	-0.51
Total Assets	-0.72		0.98	0.99	0.99	0.85	0.97	0.91	0.99	-0.65	0.97	-0.97	0.98	0.86	1.0	0.84	0.96	0.99	0.95	-0.4	0.86	0.91	0.99	0.99	0.97	0.76
Short Long Term Debt Total	-0.71	0.98		0.98	0.96	0.74	0.92	0.85	1.0	-0.58	1.0	-0.91	0.97	0.78	0.99	0.77	0.9	1.0	0.86	-0.54	0.9	0.84	1.0	0.99	0.99	0.66
Other Current Liab	-0.67	0.99	0.98		0.97	0.81	0.93	0.9	0.98	-0.63	0.97	-0.94	0.95	0.87	0.99	0.88	0.93	0.99	0.91	-0.49	0.8	0.84	0.99	0.99	0.96	0.7
Total Current Liabilities	-0.68	0.99	0.96	0.97		0.88	0.99	0.93	0.98	-0.63	0.94	-0.97	0.97	0.89	0.98	0.84	0.98	0.98	0.97	-0.3	0.83	0.93	0.97	0.98	0.95	0.82
Total Stockholder Equity	-0.58	0.85	0.74	0.81	0.88		0.87	0.93	0.79	-0.82	0.71	-0.9	0.82	0.84	0.81	0.8	0.89	0.8	0.96	-0.04	0.59	0.95	0.78	0.78	0.7	0.79
Other Liab	-0.59	0.97	0.92	0.93	0.99	0.87		0.93	0.94	-0.55	0.9	-0.95	0.94	0.89	0.95	0.8	1.0	0.95	0.97	-0.18	0.79	0.93	0.94	0.95	0.93	0.87
Net Tangible Assets	-0.44	0.91	0.85	0.9	0.93	0.93	0.93		0.89	-0.76	0.83	-0.87	0.91	0.81	0.89	0.81	0.95	0.88	0.93	-0.22	0.64	0.94	0.86	0.89	0.81	0.71
Property Plant And Equipment Net	-0.71	0.99	1.0	0.98	0.98	0.79	0.94	0.89		-0.63	0.99	-0.93	0.99	0.8	1.0	0.78	0.93	1.0	0.9	-0.49	0.9	0.88	1.0	0.99	0.98	0.69
Current Deferred Revenue	0.52	-0.65	-0.58	-0.63	-0.63	-0.82	-0.55	-0.76	-0.63		-0.57	0.64	-0.68	-0.49	-0.64	-0.61	-0.57	-0.62	-0.67	0.37	-0.45	-0.76	-0.59	-0.59	-0.47	-0.29
Net Debt	-0.71	0.97	1.0	0.97	0.94	0.71	0.9	0.83	0.99	-0.57		-0.89	0.97	0.75	0.99	0.74	0.89	0.99	0.84	-0.57	0.91	0.83	0.99	0.99	0.99	0.63
Retained Earnings	0.77	-0.97	-0.91	-0.94	-0.97	-0.9	-0.95	-0.87	-0.93	0.64	-0.89		-0.91	-0.94	-0.95	-0.88	-0.94	-0.94	-0.98	0.25	-0.79	-0.9	-0.94	-0.93	-0.9	-0.85
Accounts Payable	-0.66	0.98	0.97	0.95	0.97	0.82	0.94	0.91	0.99	-0.68	0.97	-0.91		0.75	0.98	0.73	0.93	0.98	0.9	-0.45	0.89	0.93	0.97	0.97	0.95	0.67
Cash	-0.61	0.86	0.78	0.87	0.89	0.84	0.89	0.81	0.8	-0.49	0.75	-0.94	0.75		0.83	0.94	0.9	0.83	0.93	-0.08	0.56	0.76	0.83	0.84	0.79	0.89
Non Current Assets Total	-0.71	1.0	0.99	0.99	0.98	0.81	0.95	0.89	1.0	-0.64	0.99	-0.95	0.98	0.83		0.82	0.94	1.0	0.91	-0.48	0.87	0.88	1.0	1.0	0.98	0.71
Non Currrent Assets Other	-0.56	0.84	0.77	0.88	0.84	0.8	0.8	0.81	0.78	-0.61	0.74	-0.88	0.73	0.94	0.82		0.82	0.81	0.86	-0.3	0.47	0.69	0.81	0.83	0.75	0.69
Other Assets	-0.55	0.96	0.9	0.93	0.98	0.89	1.0	0.95	0.93	-0.57	0.89	-0.94	0.93	0.9	0.94	0.82		0.93	0.97	-0.16	0.75	0.93	0.92	0.94	0.91	0.87
Long Term Debt	-0.72	0.99	1.0	0.99	0.98	0.8	0.95	0.88	1.0	-0.62	0.99	-0.94	0.98	0.83	1.0	0.81	0.93		0.91	-0.48	0.88	0.87	1.0	1.0	0.98	0.71
Cash And Short Term Investments	-0.64	0.95	0.86	0.91	0.97	0.96	0.97	0.93	0.9	-0.67	0.84	-0.98	0.9	0.93	0.91	0.86	0.97	0.91		-0.12	0.71	0.94	0.9	0.9	0.85	0.88
Net Receivables	0.44	-0.4	-0.54	-0.49	-0.3	-0.04	-0.18	-0.22	-0.49	0.37	-0.57	0.25	-0.45	-0.08	-0.48	-0.3	-0.16	-0.48	-0.12		-0.5	-0.14	-0.49	-0.48	-0.48	0.25
Good Will	-0.8	0.86	0.9	0.8	0.83	0.59	0.79	0.64	0.9	-0.45	0.91	-0.79	0.89	0.56	0.87	0.47	0.75	0.88	0.71	-0.5		0.77	0.89	0.85	0.91	0.57
Short Term Investments	-0.6	0.91	0.84	0.84	0.93	0.95	0.93	0.94	0.88	-0.76	0.83	-0.9	0.93	0.76	0.88	0.69	0.93	0.87	0.94	-0.14	0.77		0.86	0.86	0.81	0.77
Non Current Liabilities Total	-0.73	0.99	1.0	0.99	0.97	0.78	0.94	0.86	1.0	-0.59	0.99	-0.94	0.97	0.83	1.0	0.81	0.92	1.0	0.9	-0.49	0.89	0.86		1.0	0.99	0.71
Capital Lease Obligations	-0.67	0.99	0.99	0.99	0.98	0.78	0.95	0.89	0.99	-0.59	0.99	-0.93	0.97	0.84	1.0	0.83	0.94	1.0	0.9	-0.48	0.85	0.86	1.0		0.98	0.71
Inventory	-0.69	0.97	0.99	0.96	0.95	0.7	0.93	0.81	0.98	-0.47	0.99	-0.9	0.95	0.79	0.98	0.75	0.91	0.98	0.85	-0.48	0.91	0.81	0.99	0.98		0.71
Other Current Assets	-0.51	0.76	0.66	0.7	0.82	0.79	0.87	0.71	0.69	-0.29	0.63	-0.85	0.67	0.89	0.71	0.69	0.87	0.71	0.88	0.25	0.57	0.77	0.71	0.71	0.71

Click cells to compare fundamentals

ReNew Energy Account Relationship Matchups

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America

Additional Tools for ReNew Stock Analysis

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

ReNew Long Term Debt vs Other Current Assets Analysis

Long Term Debt vs Other Current Assets

Long Term Debt vs Other Current Assets Correlation Analysis

Correlation Coefficient

Long Term Debt

Other Current Assets

ReNew Energy fundamental ratios Correlations

ReNew Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Also Currently Popular

Additional Tools for ReNew Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 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
Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Other Assets	+ 1.0	Other Liab

Cash And Short Term Investments	- 0.98	Retained Earnings
Retained Earnings	- 0.97	Total Current Liabilities
Retained Earnings	- 0.97	Total Assets
Non Current Assets Total	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Other Liab
Non Current Liabilities Total	- 0.94	Retained Earnings