ReNew Energy Global (ReNew Energy Global) Equity-to-Asset : 0.12 (As of Dec. 2023)

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What is ReNew Energy Global Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ReNew Energy Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,248 Mil. ReNew Energy Global's Total Assets for the quarter that ended in Dec. 2023 was $10,651 Mil. Therefore, ReNew Energy Global's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.12.

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

RNW' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.16 Max: 0.2
Current: 0.12

During the past 5 years, the highest Equity to Asset Ratio of ReNew Energy Global was 0.20. The lowest was 0.12. And the median was 0.16.

RNW's Equity-to-Asset is ranked worse than
91.87% of 443 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.4 vs RNW: 0.12

ReNew Energy Global Equity-to-Asset Historical Data

The historical data trend for ReNew Energy Global's Equity-to-Asset 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 Equity-to-Asset Chart

ReNew Energy Global Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.16

0.13

0.19

0.14

ReNew Energy Global Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial											0.16	0.14	0.13	0.13	0.12

Competitive Comparison of ReNew Energy Global's Equity-to-Asset

For the Utilities - Renewable subindustry, ReNew Energy Global's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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's Equity-to-Asset Distribution in the Utilities - Independent Power Producers Industry

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

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

ReNew Energy Global Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1298.852	/	9074.095
	=	0.14

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

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1247.916	/	10650.984
	=	0.12

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

ReNew Energy Global Equity-to-Asset 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 » Equity-to-Asset

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.