ReNew Short Term Debt vs Retained Earnings 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 Short Term Debt and its Retained Earnings 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.

Short Term Debt vs Retained Earnings

Short Term Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ReNew Energy Global Short Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.

The correlation between ReNew Energy's Short Term Debt and Retained Earnings is -0.96. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Retained Earnings 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 Short Term Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of ReNew Energy Global are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Short Term Debt i.e., ReNew Energy's Short Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.96

Relationship Direction	Negative
Relationship Strength	Significant

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Short Term Debt

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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

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ReNew Short Term Debt vs Retained Earnings Analysis

Short Term Debt vs Retained Earnings

Short Term Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Short Term Debt

Retained Earnings

ReNew Energy fundamental ratios Correlations

ReNew Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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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