Azure Power Global Limited

Azure Power Global Limitedverified

AZRE

Price:

$1.69

Market Cap:

$2.70B

Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of renewable energy projects in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers. As of March 31, 2021, the company operated 45 utility scale projects with a combined rated capacity of 1,990 MWs. Azure Power Global Limited was founded in 2008 and is based in New Delhi, India.[Read more]

Industry

Renewable Utilities

IPO Date

2016-10-12

Stock Exchange

NYSE

Ticker

AZRE

The Current Ratio as of October 2024 (TTM) for Azure Power Global Limited (AZRE) is 0.50

According to Azure Power Global Limited’s latest financial reports and current stock price. The company's current Current Ratio is 0.50. This represents a change of -33.58% compared to the average of 0.75 of the last 4 quarters.

Azure Power Global Limited (AZRE) Historical Current Ratio (quarterly & annually)

How has AZRE Current Ratio performed in the past?

The mean historical Current Ratio of Azure Power Global Limited over the last ten years is 1.32. The current 0.50 Current Ratio has changed 3.66% with respect to the historical average. Over the past ten years (40 quarters), AZRE's Current Ratio was at its highest in in the June 2018 quarter at 3.81. The Current Ratio was at its lowest in in the June 2014 quarter at 0.

Quarterly (TTM)
Annual

Average

1.32

Median

1.08

Minimum

0.50

Maximum

3.01

Azure Power Global Limited (AZRE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Azure Power Global Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 175.87%

Maximum Annual Current Ratio = 3.01

Minimum Annual Increase = -65.96%

Minimum Annual Current Ratio = 0.50

Quarterly (TTM)
Annual
YearCurrent RatioChange
20240.50-53.35%
20231.06-7.78%
20221.155.21%
20211.10-51.27%
20202.25119.76%
20191.02-65.96%
20183.0184.80%
20171.63175.87%
20160.59-34.66%
20150.90-5.32%

Azure Power Global Limited (AZRE) Average Current Ratio

How has AZRE Current Ratio performed in the past?

The current Current Ratio of Azure Power Global Limited (AZRE) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.90

5-year avg

1.21

10-year avg

1.32

Azure Power Global Limited (AZRE) Current Ratio vs. Peers

How is AZRE’s Current Ratio compared to its peers?

Azure Power Global Limited’s Current Ratio is less than Altus Power, Inc. (0.91), less than Ormat Technologies, Inc. (0.97), less than Enlight Renewable Energy Ltd (0.59), less than Fluence Energy, Inc. (1.34), less than ReNew Energy Global Plc (0.67), less than Energy Vault Holdings, Inc. (2.87), less than Heliogen, Inc. (0.56), less than Clearway Energy, Inc. (1.46), greater than Brookfield Renewable Corporation (0.40), less than Clearway Energy, Inc. (1.46), less than NextEra Energy Partners, LP (1.30), less than Algonquin Power & Utilities Corp. (0.98), less than Atlantica Sustainable Infrastructure plc (1.35), less than Brookfield Renewable Partners L.P. (0.52),

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