ReNew Energy Global Balance Sheet Health
Financial Health criteria checks 0/6
ReNew Energy Global has a total shareholder equity of ₹120.3B and total debt of ₹651.2B, which brings its debt-to-equity ratio to 541.1%. Its total assets and total liabilities are ₹886.7B and ₹766.4B respectively. ReNew Energy Global's EBIT is ₹43.1B making its interest coverage ratio 1.3. It has cash and short-term investments of ₹111.8B.
Key information
541.1%
Debt to equity ratio
₹651.21b
Debt
| Interest coverage ratio | 1.3x |
| Cash | ₹111.81b |
| Equity | ₹120.34b |
| Total liabilities | ₹766.39b |
| Total assets | ₹886.74b |
Recent financial health updates
Recent updates
Some Investors May Be Worried About ReNew Energy Global's (NASDAQ:RNW) Returns On Capital
Apr 09
These 4 Measures Indicate That ReNew Energy Global (NASDAQ:RNW) Is Using Debt In A Risky Way
Mar 19ReNew Energy Global: The Indian Renewables Opportunity Is Opening Up
Feb 21Market Still Lacking Some Conviction On ReNew Energy Global Plc (NASDAQ:RNW)
Jan 28Is Now An Opportune Moment To Examine ReNew Energy Global Plc (NASDAQ:RNW)?
Jan 06The Returns At ReNew Energy Global (NASDAQ:RNW) Aren't Growing
Dec 14Returns On Capital At ReNew Energy Global (NASDAQ:RNW) Have Hit The Brakes
Sep 08The Returns At ReNew Energy Global (NASDAQ:RNW) Aren't Growing
May 27ReNew Energy Global (NASDAQ:RNW) Has More To Do To Multiply In Value Going Forward
Feb 07ReNew Energy Global: Big Upside For Participating In Indian Renewables Growth
Oct 19ReNew Energy Global (NASDAQ:RNW) Is Experiencing Growth In Returns On Capital
Oct 18ReNew Energy Global reports Q1 results
Aug 18ReNew Energy Global (NASDAQ:RNW) Is Looking To Continue Growing Its Returns On Capital
Jul 04ReNew: Value-Growth Mix But Not A Buy Yet
Mar 17ReNew Energy Global's (NASDAQ:RNW) Returns On Capital Are Heading Higher
Mar 16Financial Position Analysis
Short Term Liabilities: RNW's short term assets (₹140.2B) do not cover its short term liabilities (₹164.5B).
Long Term Liabilities: RNW's short term assets (₹140.2B) do not cover its long term liabilities (₹601.9B).
Debt to Equity History and Analysis
Debt Level: RNW's net debt to equity ratio (448.2%) is considered high.
Reducing Debt: RNW's debt to equity ratio has increased from 379.9% to 541.1% over the past 5 years.
Debt Coverage: RNW's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: RNW's interest payments on its debt are not well covered by EBIT (1.3x coverage).