ReNew Energy Global (ReNew Energy Global) Debt-to-Equity

: 6.34 (As of Dec. 2023)

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ReNew Energy Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,222 Mil. ReNew Energy Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6,683 Mil. ReNew Energy Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,248 Mil. ReNew Energy Global's debt to equity for the quarter that ended in Dec. 2023 was 6.33.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for ReNew Energy Global's Debt-to-Equity or its related term are showing as below:

RNW' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.95 Med: 4.37 Max: 6.34
Current: 6.34

During the past 5 years, the highest Debt-to-Equity Ratio of ReNew Energy Global was 6.34. The lowest was 2.95. And the median was 4.37.

RNW's Debt-to-Equity is ranked worse than
97.93% of 386 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.84 vs RNW: 6.34

ReNew Energy Global Debt-to-Equity Historical Data

The historical data trend for ReNew Energy Global's Debt-to-Equity 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.

* Premium members only.

ReNew Energy Global Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

N/A

4.48

5.67

3.78

5.02

ReNew Energy Global Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity												4.25	5.02	5.30	5.51	6.34

Competitive Comparison

For the Utilities - Renewable subindustry, ReNew Energy Global's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ReNew Energy Global Debt-to-Equity Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, ReNew Energy Global's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ReNew Energy Global's Debt-to-Equity falls into.

ReNew Energy Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ReNew Energy Global's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(775.674	+	5746.738)	/	1298.852
	=	5.02

ReNew Energy Global's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1222.272	+	6683.138)	/	1247.916
	=	6.33

ReNew Energy Global (NAS:RNW) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

ReNew Energy Global Debt-to-Equity Related Terms

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ReNew Energy Global (ReNew Energy Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ReNew Energy Global PLC (NAS:RNW) » Definitions » Debt-to-Equity

Comparable Companies

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.