ReNew Energy Global (ReNew Energy Global) Cash, Cash Equivalents, Marketable Securities : $1,379 Mil (As of Dec. 2023)

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What is ReNew Energy Global Cash, Cash Equivalents, Marketable Securities?

ReNew Energy Global's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($893.25 Mil) to Sep. 2023 ($1,053.40 Mil) and increased from Sep. 2023 ($1,053.40 Mil) to Dec. 2023 ($1,379.00 Mil).

ReNew Energy Global's annual cash, cash equivalents, marketable securities increased from Mar. 2021 ($648.69 Mil) to Mar. 2022 ($1,040.40 Mil) but then declined from Mar. 2022 ($1,040.40 Mil) to Mar. 2023 ($941.50 Mil).

ReNew Energy Global Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for ReNew Energy Global's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ReNew Energy Global Cash, Cash Equivalents, Marketable Securities Chart

ReNew Energy Global Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

595.67

648.69

1,040.40

941.50

ReNew Energy Global Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial											662.67	941.50	893.25	1,053.40	1,379.00

ReNew Energy Global Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

ReNew Energy Global (NAS:RNW) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

ReNew Energy Global Cash, Cash Equivalents, Marketable Securities Related Terms

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ReNew Energy Global (ReNew Energy Global) Business Description

Industry

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Traded in Other Exchanges

7JU:Germany 7JU:Germany

Address

C/o Vistra (UK) Ltd., 4th Floor 11-12 St. James’ Square, London, GBR, SW1Y 4LB

Website

https://www.renewpower.in

ReNew Energy Global PLC is a Developer and operator of clean energy projects intended to meet India's growing energy needs in an efficient, sustainable and socially responsible manner. The Company provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change.