AZREF (Azure Power Global) Accumulated Depreciation: $-318.6 Mil (As of Mar. 2024)

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AZREF Azure Power Global Ltd AZREF
12 GF Score
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What is Azure Power Global Accumulated Depreciation?

Azure Power Global AZREF 12 Accumulated Depreciation is $-318.6 Mil as of Mar. 2024. GuruFocus rates AZREF with a GF Score™ of 12/100.

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Azure Power Global's quarterly accumulated depreciation increased from Mar. 2022 ($-243.6 Mil) to Mar. 2023 ($-280.2 Mil) and increased from Mar. 2023 ($-280.2 Mil) to Mar. 2024 ($-318.6 Mil).

Azure Power Global's annual accumulated depreciation increased from Mar. 2022 ($-243.6 Mil) to Mar. 2023 ($-280.2 Mil) and increased from Mar. 2023 ($-280.2 Mil) to Mar. 2024 ($-318.6 Mil).

Azure Power Global Accumulated Depreciation Related Terms

Azure Power Global Accumulated Depreciation Historical Data

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The historical data trend for Azure Power Global's Accumulated Depreciation 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.

Azure Power Global Accumulated Depreciation Chart

Azure Power Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only -124.03 -173.35 -243.60 -280.22 -318.62

Azure Power Global Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accumulated Depreciation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -124.03 -173.35 -243.60 -280.22 -318.62
AZREF
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Azure Power Global Ltd AZREF
Accumulated Depreciation is just one metric. See GF Score™, valuation, warning signs, and more.
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Azure Power Global Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

What does a Accumulated Depreciation of $-318.6 Mil mean?
Azure Power Global (AZREF) has a Accumulated Depreciation of $-318.6 Mil as of Mar. 2024. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's Accumulated Depreciation too high?
Azure Power Global's current Accumulated Depreciation is $-318.6 Mil. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Accumulated Depreciation compare to SAFX and VGAS?
Azure Power Global's Accumulated Depreciation of $-318.6 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for an Utilities - Independent Power Producers company?
A good Accumulated Depreciation depends on the Utilities - Independent Power Producers industry context. However, Accumulated Depreciation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Azure Power Global and its competitors. Azure Power Global's current Accumulated Depreciation is $-318.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Accumulated Depreciation of $-318.6 Mil. The current Accumulated Depreciation is $-318.6 Mil. Azure Power Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For Azure Power Global (AZREF), the current Accumulated Depreciation is $-318.6 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Azure Power Global Business Description

Address Phase II, 8th Floor, Tower A, DLF Infinity, Cyber City, Gurugram, HR, IND, 122002
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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Accumulated Depreciation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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