Enlight Long Term Debt vs Intangible Assets Analysis

ENLT Stock

16.51 0.11 0.67%

Enlight Renewable financial indicator trend analysis is much more than just examining Enlight Renewable Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enlight Renewable Energy is a good investment. Please check the relationship between Enlight Renewable Long Term Debt and its Intangible Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enlight Renewable Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Long Term Debt vs Intangible Assets

Long Term Debt vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enlight Renewable Energy Long Term Debt account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Enlight Renewable's Long Term Debt and Intangible Assets is 0.71. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Enlight Renewable Energy, assuming nothing else is changed. The correlation between historical values of Enlight Renewable's Long Term Debt and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Enlight Renewable Energy are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Long Term Debt i.e., Enlight Renewable's Long Term Debt and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Long Term Debt

Long-term debt is a debt that Enlight Renewable Energy has held for over one year. Long-term debt appears on Enlight Renewable Energy balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Enlight Renewable Energy balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Most indicators from Enlight Renewable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enlight Renewable Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enlight Renewable Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, Enlight Renewable's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 306.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 16 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	197.8M	111.1M	139.1M	80.7M
Total Revenue	330.9M	192.1M	255.7M	179.2M

Gross Profit Total Revenue

Enlight Renewable fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Intangible Assets	Other Liab	Net Tangible Assets
Common Stock Shares Outstanding		0.72	0.69	0.66	0.66	0.77	0.76	0.81	0.7	0.15	0.29	0.59	0.73	0.51	0.57	0.62	0.69	0.78	0.7	0.64	0.39	0.03	0.04	0.52	0.41	-0.83
Total Assets	0.72		1.0	0.78	0.84	0.97	0.97	0.32	0.99	-0.21	0.28	0.9	1.0	0.84	0.91	0.77	0.99	0.93	1.0	0.96	0.6	0.67	0.6	0.86	0.22	-0.8
Short Long Term Debt Total	0.69	1.0		0.77	0.83	0.95	0.95	0.3	1.0	-0.2	0.28	0.89	1.0	0.85	0.91	0.76	0.99	0.9	1.0	0.95	0.61	0.7	0.64	0.86	0.19	-0.79
Other Current Liab	0.66	0.78	0.77		0.93	0.78	0.8	0.4	0.79	-0.48	0.0	0.56	0.79	0.6	0.58	0.86	0.71	0.76	0.77	0.7	0.65	0.43	0.36	0.87	-0.17	-0.92
Total Current Liabilities	0.66	0.84	0.83	0.93		0.85	0.85	0.32	0.85	-0.35	0.2	0.63	0.84	0.68	0.64	0.76	0.77	0.84	0.83	0.79	0.81	0.54	0.43	0.81	-0.19	-0.84
Total Stockholder Equity	0.77	0.97	0.95	0.78	0.85		0.98	0.38	0.94	-0.21	0.27	0.89	0.97	0.79	0.88	0.77	0.94	0.97	0.96	0.94	0.57	0.58	0.47	0.81	0.26	-0.82
Property Plant And Equipment Net	0.76	0.97	0.95	0.8	0.85	0.98		0.34	0.95	-0.31	0.18	0.84	0.97	0.77	0.82	0.83	0.94	0.97	0.96	0.9	0.52	0.56	0.43	0.82	0.28	-0.86
Current Deferred Revenue	0.81	0.32	0.3	0.4	0.32	0.38	0.34		0.3	0.43	0.42	0.29	0.33	0.15	0.26	0.39	0.3	0.32	0.31	0.29	0.23	-0.34	-0.24	0.16	0.36	-0.51
Net Debt	0.7	0.99	1.0	0.79	0.85	0.94	0.95	0.3		-0.21	0.25	0.85	0.99	0.85	0.88	0.77	0.99	0.9	1.0	0.93	0.62	0.69	0.64	0.87	0.16	-0.81
Retained Earnings	0.15	-0.21	-0.2	-0.48	-0.35	-0.21	-0.31	0.43	-0.21		0.59	-0.07	-0.22	-0.13	-0.06	-0.5	-0.16	-0.26	-0.2	-0.14	-0.05	-0.39	-0.15	-0.53	0.35	0.37
Accounts Payable	0.29	0.28	0.28	0.0	0.2	0.27	0.18	0.42	0.25	0.59		0.43	0.25	0.34	0.4	-0.07	0.29	0.13	0.28	0.41	0.54	0.13	0.03	0.02	0.15	0.07
Cash	0.59	0.9	0.89	0.56	0.63	0.89	0.84	0.29	0.85	-0.07	0.43		0.88	0.77	0.99	0.58	0.91	0.79	0.9	0.96	0.5	0.66	0.55	0.75	0.33	-0.56
Non Current Assets Total	0.73	1.0	1.0	0.79	0.84	0.97	0.97	0.33	0.99	-0.22	0.25	0.88		0.83	0.89	0.79	0.99	0.93	1.0	0.94	0.58	0.66	0.59	0.85	0.23	-0.82
Non Currrent Assets Other	0.51	0.84	0.85	0.6	0.68	0.79	0.77	0.15	0.85	-0.13	0.34	0.77	0.83		0.78	0.44	0.84	0.73	0.84	0.85	0.65	0.78	0.51	0.76	0.01	-0.55
Cash And Short Term Investments	0.57	0.91	0.91	0.58	0.64	0.88	0.82	0.26	0.88	-0.06	0.4	0.99	0.89	0.78		0.59	0.93	0.78	0.91	0.97	0.52	0.7	0.65	0.78	0.28	-0.57
Net Receivables	0.62	0.77	0.76	0.86	0.76	0.77	0.83	0.39	0.77	-0.5	-0.07	0.58	0.79	0.44	0.59		0.74	0.72	0.77	0.64	0.34	0.34	0.37	0.76	0.17	-0.87
Non Current Liabilities Total	0.69	0.99	0.99	0.71	0.77	0.94	0.94	0.3	0.99	-0.16	0.29	0.91	0.99	0.84	0.93	0.74		0.88	0.99	0.95	0.54	0.69	0.64	0.84	0.28	-0.75
Other Stockholder Equity	0.78	0.93	0.9	0.76	0.84	0.97	0.97	0.32	0.9	-0.26	0.13	0.79	0.93	0.73	0.78	0.72	0.88		0.91	0.87	0.52	0.52	0.4	0.76	0.24	-0.85
Total Liab	0.7	1.0	1.0	0.77	0.83	0.96	0.96	0.31	1.0	-0.2	0.28	0.9	1.0	0.84	0.91	0.77	0.99	0.91		0.95	0.6	0.69	0.63	0.86	0.21	-0.79
Total Current Assets	0.64	0.96	0.95	0.7	0.79	0.94	0.9	0.29	0.93	-0.14	0.41	0.96	0.94	0.85	0.97	0.64	0.95	0.87	0.95		0.67	0.73	0.59	0.84	0.15	-0.67
Short Term Debt	0.39	0.6	0.61	0.65	0.81	0.57	0.52	0.23	0.62	-0.05	0.54	0.5	0.58	0.65	0.52	0.34	0.54	0.52	0.6	0.67		0.58	0.4	0.62	-0.48	-0.45
Common Stock	0.03	0.67	0.7	0.43	0.54	0.58	0.56	-0.34	0.69	-0.39	0.13	0.66	0.66	0.78	0.7	0.34	0.69	0.52	0.69	0.73	0.58		0.79	0.72	-0.28	-0.28
Short Term Investments	0.04	0.6	0.64	0.36	0.43	0.47	0.43	-0.24	0.64	-0.15	0.03	0.55	0.59	0.51	0.65	0.37	0.64	0.4	0.63	0.59	0.4	0.79		0.57	-0.12	-0.27
Intangible Assets	0.52	0.86	0.86	0.87	0.81	0.81	0.82	0.16	0.87	-0.53	0.02	0.75	0.85	0.76	0.78	0.76	0.84	0.76	0.86	0.84	0.62	0.72	0.57		-0.14	-0.81
Other Liab	0.41	0.22	0.19	-0.17	-0.19	0.26	0.28	0.36	0.16	0.35	0.15	0.33	0.23	0.01	0.28	0.17	0.28	0.24	0.21	0.15	-0.48	-0.28	-0.12	-0.14		-0.11
Net Tangible Assets	-0.83	-0.8	-0.79	-0.92	-0.84	-0.82	-0.86	-0.51	-0.81	0.37	0.07	-0.56	-0.82	-0.55	-0.57	-0.87	-0.75	-0.85	-0.79	-0.67	-0.45	-0.28	-0.27	-0.81	-0.11

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Enlight Renewable Account Relationship Matchups

Enlight Renewable fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	62.5M	78.3M	98.1M	100.0M	123.9M	130.1M
Total Assets	4.5B	5.8B	8.8B	3.5B	4.6B	3.3B
Short Long Term Debt Total	2.8B	3.8B	5.7B	2.2B	2.7B	2.1B
Other Current Liab	111.5M	785.2M	512.5M	104.9M	371.3M	389.9M
Total Current Liabilities	394.1M	1.0B	625.3M	385.1M	583.3M	358.3M
Total Stockholder Equity	1.0B	1.2B	1.7B	803.6M	1.2B	616.7M
Property Plant And Equipment Net	2.0B	3.3B	5.0B	2.3B	3.1B	1.5B
Net Debt	2.1B	3.4B	4.8B	2.0B	2.3B	1.8B
Retained Earnings	7.2M	(143.5M)	(107.3M)	(7.2M)	17.6M	18.5M
Accounts Payable	119.3M	25.6M	27.4M	10.0M	105.6M	54.9M
Cash	683.2M	319.3M	827.1M	193.7M	403.8M	287.0M
Non Current Assets Total	3.4B	5.0B	7.5B	3.1B	4.0B	2.7B
Non Currrent Assets Other	1.3B	1.3B	1.8B	464.8M	547.6M	669.2M
Cash And Short Term Investments	755.2M	423.9M	980.6M	231.7M	409.1M	351.8M
Liabilities And Stockholders Equity	4.5B	5.8B	8.8B	3.5B	4.6B	3.3B
Non Current Liabilities Total	2.7B	3.1B	5.8B	2.1B	2.6B	2.1B
Other Stockholder Equity	1.0B	1.4B	1.7B	1.3B	1.1B	670.7M
Total Liab	3.1B	4.2B	6.5B	2.5B	3.2B	2.4B
Total Current Assets	1.1B	880.3M	1.3B	423.4M	664.6M	518.4M
Short Term Debt	163.3M	236.6M	85.4M	58.5M	106.4M	103.2M
Common Stock	7.5M	8.2M	9.2M	2.8M	912.1K	866.5K
Short Term Investments	72.1M	104.5M	153.5M	37.9M	5.3M	5.0M
Intangible Assets	193.7M	291.2M	307.7M	131.5M	139.8M	210.2M

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