Clearway Income Tax Expense vs Net Income Analysis

CWEN Stock

USD 26.79 0.30 1.11%

Clearway Energy financial indicator trend analysis is way more than just evaluating Clearway Energy Class prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clearway Energy Class is a good investment. Please check the relationship between Clearway Energy Income Tax Expense and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearway Energy Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Income Tax Expense vs Net Income

Income Tax Expense vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clearway Energy Class Income Tax Expense account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Clearway Energy's Income Tax Expense and Net Income is 0.91. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Net Income in the same time period over historical financial statements of Clearway Energy Class, assuming nothing else is changed. The correlation between historical values of Clearway Energy's Income Tax Expense and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Clearway Energy Class are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Tax Expense i.e., Clearway Energy's Income Tax Expense and Net Income go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Tax Expense

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Clearway Energy Class financial statement analysis. It represents the amount of money remaining after all of Clearway Energy Class operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Clearway Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clearway Energy Class 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearway Energy Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

At this time, Clearway Energy's Tax Provision is very stable compared to the past year. As of the 18th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Selling General Administrative is likely to drop about 23.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	312M	232M	337M	245.9M
Depreciation And Amortization	703M	684M	711M	391.3M

Interest Expense Depreciation And Amortization

Clearway Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Common Stock Shares Outstanding		0.9	0.89	0.34	0.62	0.86	0.65	0.9	0.96	0.89	0.32	0.37	0.61	0.9	0.49	0.34	0.88	0.61	0.54	0.31	0.87	0.87	0.44	0.76	0.88	0.79
Total Assets	0.9		0.99	0.44	0.63	0.95	0.68	1.0	0.9	0.98	0.34	0.43	0.73	1.0	0.71	0.4	0.98	0.73	0.61	0.24	0.99	0.96	0.47	0.87	0.99	0.83
Short Long Term Debt Total	0.89	0.99		0.41	0.67	0.96	0.6	0.98	0.9	1.0	0.23	0.39	0.69	0.99	0.73	0.46	0.99	0.69	0.55	0.31	0.99	0.96	0.49	0.92	1.0	0.8
Other Current Liab	0.34	0.44	0.41		0.5	0.27	0.34	0.41	0.48	0.42	0.04	0.53	0.08	0.41	0.17	0.15	0.38	0.08	0.14	-0.12	0.41	0.21	0.91	0.26	0.45	0.3
Total Current Liabilities	0.62	0.63	0.67	0.5		0.56	0.32	0.61	0.68	0.69	-0.06	0.51	0.17	0.63	0.45	0.34	0.56	0.17	0.29	0.52	0.57	0.54	0.67	0.58	0.67	0.49
Total Stockholder Equity	0.86	0.95	0.96	0.27	0.56		0.57	0.94	0.82	0.95	0.28	0.32	0.71	0.96	0.67	0.52	0.97	0.71	0.5	0.24	0.95	0.97	0.35	0.92	0.95	0.76
Other Liab	0.65	0.68	0.6	0.34	0.32	0.57		0.69	0.64	0.58	0.85	0.39	0.65	0.66	0.31	-0.16	0.59	0.65	0.87	-0.07	0.63	0.59	0.13	0.38	0.62	0.9
Property Plant And Equipment Net	0.9	1.0	0.98	0.41	0.61	0.94	0.69		0.9	0.98	0.35	0.46	0.72	1.0	0.73	0.39	0.97	0.72	0.62	0.27	0.98	0.95	0.44	0.85	0.98	0.84
Current Deferred Revenue	0.96	0.9	0.9	0.48	0.68	0.82	0.64	0.9		0.9	0.28	0.35	0.61	0.9	0.53	0.26	0.88	0.61	0.5	0.34	0.88	0.83	0.56	0.76	0.9	0.77
Net Debt	0.89	0.98	1.0	0.42	0.69	0.95	0.58	0.98	0.9		0.2	0.41	0.65	0.99	0.74	0.48	0.99	0.65	0.54	0.33	0.98	0.96	0.52	0.92	1.0	0.79
Retained Earnings	0.32	0.34	0.23	0.04	-0.06	0.28	0.85	0.35	0.28	0.2		0.08	0.59	0.32	0.0	-0.4	0.23	0.59	0.68	-0.31	0.29	0.3	-0.28	0.05	0.25	0.6
Accounts Payable	0.37	0.43	0.39	0.53	0.51	0.32	0.39	0.46	0.35	0.41	0.08		-0.01	0.42	0.43	0.17	0.36	-0.01	0.37	0.08	0.35	0.26	0.5	0.13	0.4	0.45
Cash	0.61	0.73	0.69	0.08	0.17	0.71	0.65	0.72	0.61	0.65	0.59	-0.01		0.72	0.41	-0.06	0.7	1.0	0.48	-0.06	0.74	0.75	-0.01	0.57	0.69	0.61
Non Current Assets Total	0.9	1.0	0.99	0.41	0.63	0.96	0.66	1.0	0.9	0.99	0.32	0.42	0.72		0.73	0.42	0.98	0.72	0.6	0.27	0.99	0.97	0.45	0.88	0.99	0.83
Non Currrent Assets Other	0.49	0.71	0.73	0.17	0.45	0.67	0.31	0.73	0.53	0.74	0.0	0.43	0.41	0.73		0.46	0.73	0.41	0.49	0.26	0.72	0.71	0.25	0.71	0.72	0.59
Other Assets	0.34	0.4	0.46	0.15	0.34	0.52	-0.16	0.39	0.26	0.48	-0.4	0.17	-0.06	0.42	0.46		0.5	-0.06	0.03	0.32	0.44	0.48	0.36	0.67	0.45	0.16
Long Term Debt	0.88	0.98	0.99	0.38	0.56	0.97	0.59	0.97	0.88	0.99	0.23	0.36	0.7	0.98	0.73	0.5		0.7	0.55	0.24	0.99	0.97	0.46	0.93	0.99	0.79
Cash And Short Term Investments	0.61	0.73	0.69	0.08	0.17	0.71	0.65	0.72	0.61	0.65	0.59	-0.01	1.0	0.72	0.41	-0.06	0.7		0.48	-0.06	0.74	0.75	-0.01	0.57	0.69	0.61
Net Receivables	0.54	0.61	0.55	0.14	0.29	0.5	0.87	0.62	0.5	0.54	0.68	0.37	0.48	0.6	0.49	0.03	0.55	0.48		0.0	0.57	0.59	0.02	0.44	0.56	0.91
Short Term Investments	0.31	0.24	0.31	-0.12	0.52	0.24	-0.07	0.27	0.34	0.33	-0.31	0.08	-0.06	0.27	0.26	0.32	0.24	-0.06	0.0		0.23	0.26	0.12	0.32	0.29	0.13
Non Current Liabilities Total	0.87	0.99	0.99	0.41	0.57	0.95	0.63	0.98	0.88	0.98	0.29	0.35	0.74	0.99	0.72	0.44	0.99	0.74	0.57	0.23		0.97	0.45	0.91	0.99	0.8
Inventory	0.87	0.96	0.96	0.21	0.54	0.97	0.59	0.95	0.83	0.96	0.3	0.26	0.75	0.97	0.71	0.48	0.97	0.75	0.59	0.26	0.97		0.29	0.93	0.96	0.79
Other Current Assets	0.44	0.47	0.49	0.91	0.67	0.35	0.13	0.44	0.56	0.52	-0.28	0.5	-0.01	0.45	0.25	0.36	0.46	-0.01	0.02	0.12	0.45	0.29		0.41	0.51	0.24
Other Stockholder Equity	0.76	0.87	0.92	0.26	0.58	0.92	0.38	0.85	0.76	0.92	0.05	0.13	0.57	0.88	0.71	0.67	0.93	0.57	0.44	0.32	0.91	0.93	0.41		0.91	0.66
Total Liab	0.88	0.99	1.0	0.45	0.67	0.95	0.62	0.98	0.9	1.0	0.25	0.4	0.69	0.99	0.72	0.45	0.99	0.69	0.56	0.29	0.99	0.96	0.51	0.91		0.8
Property Plant And Equipment Gross	0.79	0.83	0.8	0.3	0.49	0.76	0.9	0.84	0.77	0.79	0.6	0.45	0.61	0.83	0.59	0.16	0.79	0.61	0.91	0.13	0.8	0.79	0.24	0.66	0.8

Click cells to compare fundamentals

Clearway Energy Account Relationship Matchups

Clearway Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	104M	109M	116M	117M	134.6M	98.9M
Total Assets	9.7B	10.6B	12.8B	12.3B	14.7B	9.0B
Short Long Term Debt Total	7.0B	7.3B	8.3B	7.4B	8.7B	5.8B
Other Current Liab	16M	38M	540M	121M	51M	80.7M
Total Current Liabilities	2.1B	634M	1.6B	617M	906M	765.6M
Total Stockholder Equity	1.8B	1.8B	1.8B	2.2B	2.1B	1.7B
Other Liab	130M	217M	382M	623M	716.5M	752.3M
Property Plant And Equipment Net	6.3B	7.6B	8.2B	7.9B	10.1B	5.9B
Current Deferred Revenue	112M	123M	138M	119M	136M	98.3M
Net Debt	6.9B	7.0B	8.1B	6.7B	8.1B	5.5B
Retained Earnings	(72M)	(84M)	(33M)	463M	361M	379.1M
Accounts Payable	105M	89M	181M	55M	161M	105.5M
Cash	155M	268M	179M	657M	535M	276.3M
Non Current Assets Total	9.1B	9.9B	11.3B	11.0B	13.1B	8.2B
Non Currrent Assets Other	103M	115M	107M	40M	157M	95.7M
Other Assets	195M	218M	202M	70M	80.5M	76.5M
Long Term Debt	5.0B	6.6B	6.9B	6.5B	7.5B	5.1B
Cash And Short Term Investments	155M	268M	179M	657M	535M	276.3M
Net Receivables	118M	143M	144M	153M	345M	362.3M
Liabilities And Stockholders Equity	9.7B	10.6B	12.8B	12.3B	14.7B	9.0B
Non Current Liabilities Total	5.4B	7.2B	7.9B	7.7B	8.8B	5.5B
Other Current Assets	295M	255M	1.2B	80M	68M	64.6M
Other Stockholder Equity	1.9B	1.9B	1.9B	1.8B	1.7B	1.6B
Total Liab	7.4B	7.9B	9.5B	8.3B	9.7B	6.3B
Property Plant And Equipment Gross	6.3B	7.6B	8.2B	7.9B	13.6B	14.3B
Total Current Assets	608M	708M	1.5B	1.3B	1.6B	1.6B
Short Term Debt	1.8B	384M	772M	322M	558M	481.0M
Intangible Assets	1.4B	1.4B	2.5B	2.6B	2.4B	1.4B
Property Plant Equipment	6.3B	7.2B	8.2B	7.4B	8.5B	5.2B
Net Tangible Assets	422M	1.8B	(665M)	2.2B	2.6B	2.7B
Long Term Debt Total	5.0B	6.6B	6.9B	6.5B	7.5B	5.6B
Capital Surpluse	1.9B	1.9B	1.9B	1.8B	2.0B	1.9B
Non Current Liabilities Other	121M	523M	173M	201M	287M	172.7M

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When determining whether Clearway Energy Class offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Clearway Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Clearway Energy Class Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Clearway Energy Class Stock:

How To Invest In Clearway

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Is Clearway Stock a good investment?

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What is Clearway Energy's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearway Energy Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Note that the Clearway Energy Class information on this page should be used as a complementary analysis to other Clearway Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Clearway Energy's price analysis, check to measure Clearway Energy'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 Clearway Energy is operating at the current time. Most of Clearway Energy's value examination focuses on studying past and present price action to predict the probability of Clearway Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clearway Energy's price. Additionally, you may evaluate how the addition of Clearway Energy to your portfolios can decrease your overall portfolio volatility.

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Is Clearway Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clearway Energy. If investors know Clearway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clearway Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

2.083

Dividend Share

1.571

Earnings Share

0.65

Revenue Per Share

11.017

Quarterly Revenue Growth

(0.09)

The market value of Clearway Energy Class is measured differently than its book value, which is the value of Clearway that is recorded on the company's balance sheet. Investors also form their own opinion of Clearway Energy's value that differs from its market value or its book value, called intrinsic value, which is Clearway Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clearway Energy's market value can be influenced by many factors that don't directly affect Clearway Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Clearway Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clearway Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearway Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Clearway Income Tax Expense vs Net Income Analysis

Income Tax Expense vs Net Income

Income Tax Expense vs Net Income Correlation Analysis

Correlation Coefficient

Income Tax Expense

Net Income

Clearway Energy fundamental ratios Correlations

Clearway Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Clearway Energy fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Clearway Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Net Debt

Other Assets	- 0.4	Retained Earnings
Short Term Investments	- 0.31	Retained Earnings
Other Current Assets	- 0.28	Retained Earnings
Other Assets	- 0.16	Other Liab
Short Term Investments	- 0.12	Other Current Liab
Short Term Investments	- 0.07	Other Liab