ReNew Energy Global Balance Sheet Health
Financial Health criteria checks 1/6
ReNew Energy Global has a total shareholder equity of ₹118.1B and total debt of ₹545.1B, which brings its debt-to-equity ratio to 461.5%. Its total assets and total liabilities are ₹778.5B and ₹660.4B respectively. ReNew Energy Global's EBIT is ₹40.4B making its interest coverage ratio 1.2. It has cash and short-term investments of ₹70.2B.
Debt to equity ratio
|Interest coverage ratio||1.2x|
Recent financial health updates
Returns On Capital At ReNew Energy Global (NASDAQ:RNW) Have Hit The BrakesSep 08
The Returns At ReNew Energy Global (NASDAQ:RNW) Aren't GrowingMay 27
ReNew Energy Global (NASDAQ:RNW) Has More To Do To Multiply In Value Going ForwardFeb 07
ReNew Energy Global: Big Upside For Participating In Indian Renewables GrowthOct 19
ReNew Energy Global (NASDAQ:RNW) Is Experiencing Growth In Returns On CapitalOct 18
ReNew Energy Global reports Q1 resultsAug 18
ReNew Energy Global (NASDAQ:RNW) Is Looking To Continue Growing Its Returns On CapitalJul 04
ReNew: Value-Growth Mix But Not A Buy YetMar 17
ReNew Energy Global's (NASDAQ:RNW) Returns On Capital Are Heading HigherMar 16
Financial Position Analysis
Short Term Liabilities: RNW's short term assets (₹110.7B) do not cover its short term liabilities (₹144.7B).
Long Term Liabilities: RNW's short term assets (₹110.7B) do not cover its long term liabilities (₹515.8B).
Debt to Equity History and Analysis
Debt Level: RNW's net debt to equity ratio (402%) is considered high.
Reducing Debt: RNW's debt to equity ratio has increased from 298.3% to 461.5% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RNW has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RNW has less than a year of cash runway if free cash flow continues to grow at historical rates of 12.7% each year.