Enlight Total Current Liabilities vs Accounts Payable 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 Total Current Liabilities and its Accounts Payable 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.

Total Current Liabilities vs Accounts Payable

Total Current Liabilities vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enlight Renewable Energy Total Current Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have very week relationship.
The correlation between Enlight Renewable's Total Current Liabilities and Accounts Payable is 0.2. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Accounts Payable 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 Total Current Liabilities and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Enlight Renewable Energy are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Current Liabilities i.e., Enlight Renewable's Total Current Liabilities and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.2
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Current Liabilities

Total Current Liabilities is an item on Enlight Renewable balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Enlight Renewable Energy are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accounts Payable

An accounting item on the balance sheet that represents Enlight Renewable obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Enlight Renewable Energy are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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 Profit197.8M111.1M139.1M80.7M
Total Revenue330.9M192.1M255.7M179.2M

Enlight Renewable fundamental ratios Correlations

0.720.690.660.660.770.760.810.70.150.290.590.730.510.570.620.690.780.70.640.390.030.040.520.41-0.83
0.721.00.780.840.970.970.320.99-0.210.280.91.00.840.910.770.990.931.00.960.60.670.60.860.22-0.8
0.691.00.770.830.950.950.31.0-0.20.280.891.00.850.910.760.990.91.00.950.610.70.640.860.19-0.79
0.660.780.770.930.780.80.40.79-0.480.00.560.790.60.580.860.710.760.770.70.650.430.360.87-0.17-0.92
0.660.840.830.930.850.850.320.85-0.350.20.630.840.680.640.760.770.840.830.790.810.540.430.81-0.19-0.84
0.770.970.950.780.850.980.380.94-0.210.270.890.970.790.880.770.940.970.960.940.570.580.470.810.26-0.82
0.760.970.950.80.850.980.340.95-0.310.180.840.970.770.820.830.940.970.960.90.520.560.430.820.28-0.86
0.810.320.30.40.320.380.340.30.430.420.290.330.150.260.390.30.320.310.290.23-0.34-0.240.160.36-0.51
0.70.991.00.790.850.940.950.3-0.210.250.850.990.850.880.770.990.91.00.930.620.690.640.870.16-0.81
0.15-0.21-0.2-0.48-0.35-0.21-0.310.43-0.210.59-0.07-0.22-0.13-0.06-0.5-0.16-0.26-0.2-0.14-0.05-0.39-0.15-0.530.350.37
0.290.280.280.00.20.270.180.420.250.590.430.250.340.4-0.070.290.130.280.410.540.130.030.020.150.07
0.590.90.890.560.630.890.840.290.85-0.070.430.880.770.990.580.910.790.90.960.50.660.550.750.33-0.56
0.731.01.00.790.840.970.970.330.99-0.220.250.880.830.890.790.990.931.00.940.580.660.590.850.23-0.82
0.510.840.850.60.680.790.770.150.85-0.130.340.770.830.780.440.840.730.840.850.650.780.510.760.01-0.55
0.570.910.910.580.640.880.820.260.88-0.060.40.990.890.780.590.930.780.910.970.520.70.650.780.28-0.57
0.620.770.760.860.760.770.830.390.77-0.5-0.070.580.790.440.590.740.720.770.640.340.340.370.760.17-0.87
0.690.990.990.710.770.940.940.30.99-0.160.290.910.990.840.930.740.880.990.950.540.690.640.840.28-0.75
0.780.930.90.760.840.970.970.320.9-0.260.130.790.930.730.780.720.880.910.870.520.520.40.760.24-0.85
0.71.01.00.770.830.960.960.311.0-0.20.280.91.00.840.910.770.990.910.950.60.690.630.860.21-0.79
0.640.960.950.70.790.940.90.290.93-0.140.410.960.940.850.970.640.950.870.950.670.730.590.840.15-0.67
0.390.60.610.650.810.570.520.230.62-0.050.540.50.580.650.520.340.540.520.60.670.580.40.62-0.48-0.45
0.030.670.70.430.540.580.56-0.340.69-0.390.130.660.660.780.70.340.690.520.690.730.580.790.72-0.28-0.28
0.040.60.640.360.430.470.43-0.240.64-0.150.030.550.590.510.650.370.640.40.630.590.40.790.57-0.12-0.27
0.520.860.860.870.810.810.820.160.87-0.530.020.750.850.760.780.760.840.760.860.840.620.720.57-0.14-0.81
0.410.220.19-0.17-0.190.260.280.360.160.350.150.330.230.010.280.170.280.240.210.15-0.48-0.28-0.12-0.14-0.11
-0.83-0.8-0.79-0.92-0.84-0.82-0.86-0.51-0.810.370.07-0.56-0.82-0.55-0.57-0.87-0.75-0.85-0.79-0.67-0.45-0.28-0.27-0.81-0.11
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Enlight Renewable Account Relationship Matchups

Enlight Renewable fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding62.5M78.3M98.1M100.0M123.9M130.1M
Total Assets4.5B5.8B8.8B3.5B4.6B3.3B
Short Long Term Debt Total2.8B3.8B5.7B2.2B2.7B2.1B
Other Current Liab111.5M785.2M512.5M104.9M371.3M389.9M
Total Current Liabilities394.1M1.0B625.3M385.1M583.3M358.3M
Total Stockholder Equity1.0B1.2B1.7B803.6M1.2B616.7M
Property Plant And Equipment Net2.0B3.3B5.0B2.3B3.1B1.5B
Net Debt2.1B3.4B4.8B2.0B2.3B1.8B
Retained Earnings7.2M(143.5M)(107.3M)(7.2M)17.6M18.5M
Accounts Payable119.3M25.6M27.4M10.0M105.6M54.9M
Cash683.2M319.3M827.1M193.7M403.8M287.0M
Non Current Assets Total3.4B5.0B7.5B3.1B4.0B2.7B
Non Currrent Assets Other1.3B1.3B1.8B464.8M547.6M669.2M
Cash And Short Term Investments755.2M423.9M980.6M231.7M409.1M351.8M
Liabilities And Stockholders Equity4.5B5.8B8.8B3.5B4.6B3.3B
Non Current Liabilities Total2.7B3.1B5.8B2.1B2.6B2.1B
Other Stockholder Equity1.0B1.4B1.7B1.3B1.1B670.7M
Total Liab3.1B4.2B6.5B2.5B3.2B2.4B
Total Current Assets1.1B880.3M1.3B423.4M664.6M518.4M
Short Term Debt163.3M236.6M85.4M58.5M106.4M103.2M
Common Stock7.5M8.2M9.2M2.8M912.1K866.5K
Short Term Investments72.1M104.5M153.5M37.9M5.3M5.0M
Intangible Assets193.7M291.2M307.7M131.5M139.8M210.2M

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Additional Tools for Enlight Stock Analysis

When running Enlight Renewable's price analysis, check to measure Enlight Renewable's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enlight Renewable is operating at the current time. Most of Enlight Renewable's value examination focuses on studying past and present price action to predict the probability of Enlight Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enlight Renewable's price. Additionally, you may evaluate how the addition of Enlight Renewable to your portfolios can decrease your overall portfolio volatility.