Renaissancere Holdings Stock Working Capital

RNR Stock

USD 279.67 7.77 2.86%

Renaissancere Holdings fundamentals help investors to digest information that contributes to Renaissancere Holdings' financial success or failures. It also enables traders to predict the movement of Renaissancere Stock. The fundamental analysis module provides a way to measure Renaissancere Holdings' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Renaissancere Holdings stock.

		Last Reported	Projected for Next Year
	Change In Working Capital	-1.1 B	-1 B

As of 11/26/2024, Change In Working Capital is likely to grow to about (1 B).

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Renaissancere Holdings Company Working Capital Analysis

Renaissancere Holdings' Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Working Capital

Current Assets

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Current Liabilities

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Renaissancere Working Capital Driver Correlations

Understanding the fundamental principles of building solid financial models for Renaissancere Holdings is extremely important. It helps to project a fair market value of Renaissancere Stock properly, considering its historical fundamentals such as Working Capital. Since Renaissancere Holdings' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Renaissancere Holdings' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Renaissancere Holdings' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Common Stock	Short Term Investments	Accounts Payable	Long Term Debt	Good Will	Intangible Assets	Net Tangible Assets	Long Term Debt Total	Long Term Investments	Current Deferred Revenue	Short Term Debt	Short Long Term Debt	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Capital Stock
Total Assets		0.93	-0.16	0.88	0.99	1.0	0.38	0.71	0.91	0.91	0.92	0.82	0.74	0.77	0.71	0.87	-0.29	-0.13	-0.5	0.29	0.79	0.84	0.59
Total Stockholder Equity	0.93		-0.1	0.98	0.88	0.9	0.49	0.82	0.83	0.78	0.91	0.78	0.74	0.72	0.64	0.79	-0.09	-0.1	-0.48	0.34	0.72	0.84	0.41
Net Debt	-0.16	-0.1		-0.11	-0.16	-0.18	-0.43	0.08	-0.35	-0.39	0.05	0.04	0.21	-0.17	-0.06	-0.27	0.2	0.32	0.36	-0.41	-0.6	-0.21	0.12
Retained Earnings	0.88	0.98	-0.11		0.82	0.85	0.51	0.8	0.8	0.75	0.89	0.75	0.65	0.67	0.63	0.74	0.04	-0.06	-0.51	0.27	0.71	0.77	0.39
Net Receivables	0.99	0.88	-0.16	0.82		1.0	0.3	0.66	0.88	0.89	0.89	0.8	0.76	0.74	0.68	0.85	-0.34	-0.16	-0.46	0.23	0.77	0.82	0.66
Total Liab	1.0	0.9	-0.18	0.85	1.0		0.36	0.67	0.91	0.92	0.91	0.82	0.73	0.77	0.72	0.88	-0.32	-0.15	-0.5	0.27	0.8	0.83	0.62
Total Current Assets	0.38	0.49	-0.43	0.51	0.3	0.36		0.14	0.59	0.53	0.43	0.45	0.04	0.42	0.56	0.52	0.08	-0.13	-0.68	0.46	0.62	0.46	-0.08
Common Stock	0.71	0.82	0.08	0.8	0.66	0.67	0.14		0.55	0.49	0.67	0.46	0.66	0.36	0.22	0.38	-0.11	-0.03	-0.19	0.27	0.4	0.53	0.33
Short Term Investments	0.91	0.83	-0.35	0.8	0.88	0.91	0.59	0.55		0.98	0.81	0.73	0.45	0.82	0.76	0.9	-0.28	-0.02	-0.55	0.47	0.87	0.77	0.4
Accounts Payable	0.91	0.78	-0.39	0.75	0.89	0.92	0.53	0.49	0.98		0.8	0.75	0.42	0.82	0.78	0.9	-0.32	-0.13	-0.58	0.41	0.9	0.73	0.44
Long Term Debt	0.92	0.91	0.05	0.89	0.89	0.91	0.43	0.67	0.81	0.8		0.94	0.75	0.73	0.84	0.8	-0.09	-0.04	-0.55	0.13	0.74	0.77	0.5
Good Will	0.82	0.78	0.04	0.75	0.8	0.82	0.45	0.46	0.73	0.75	0.94		0.65	0.69	0.9	0.75	-0.09	-0.15	-0.58	0.09	0.73	0.67	0.4
Intangible Assets	0.74	0.74	0.21	0.65	0.76	0.73	0.04	0.66	0.45	0.42	0.75	0.65		0.43	0.37	0.51	-0.25	-0.1	-0.16	0.04	0.35	0.74	0.58
Net Tangible Assets	0.77	0.72	-0.17	0.67	0.74	0.77	0.42	0.36	0.82	0.82	0.73	0.69	0.43		0.77	0.92	-0.23	-0.04	-0.49	0.53	0.7	0.81	0.13
Long Term Debt Total	0.71	0.64	-0.06	0.63	0.68	0.72	0.56	0.22	0.76	0.78	0.84	0.9	0.37	0.77		0.82	-0.08	0.0	-0.61	0.15	0.77	0.62	0.28
Long Term Investments	0.87	0.79	-0.27	0.74	0.85	0.88	0.52	0.38	0.9	0.9	0.8	0.75	0.51	0.92	0.82		-0.32	-0.09	-0.5	0.4	0.81	0.89	0.41
Current Deferred Revenue	-0.29	-0.09	0.2	0.04	-0.34	-0.32	0.08	-0.11	-0.28	-0.32	-0.09	-0.09	-0.25	-0.23	-0.08	-0.32		0.31	-0.19	-0.39	-0.24	-0.36	-0.23
Short Term Debt	-0.13	-0.1	0.32	-0.06	-0.16	-0.15	-0.13	-0.03	-0.02	-0.13	-0.04	-0.15	-0.1	-0.04	0.0	-0.09	0.31		0.38	-0.11	-0.18	-0.07	-0.08
Short Long Term Debt	-0.5	-0.48	0.36	-0.51	-0.46	-0.5	-0.68	-0.19	-0.55	-0.58	-0.55	-0.58	-0.16	-0.49	-0.61	-0.5	-0.19	0.38		-0.13	-0.64	-0.33	-0.14
Capital Surpluse	0.29	0.34	-0.41	0.27	0.23	0.27	0.46	0.27	0.47	0.41	0.13	0.09	0.04	0.53	0.15	0.4	-0.39	-0.11	-0.13		0.37	0.47	-0.41
Cash And Equivalents	0.79	0.72	-0.6	0.71	0.77	0.8	0.62	0.4	0.87	0.9	0.74	0.73	0.35	0.7	0.77	0.81	-0.24	-0.18	-0.64	0.37		0.69	0.26
Net Invested Capital	0.84	0.84	-0.21	0.77	0.82	0.83	0.46	0.53	0.77	0.73	0.77	0.67	0.74	0.81	0.62	0.89	-0.36	-0.07	-0.33	0.47	0.69		0.35
Capital Stock	0.59	0.41	0.12	0.39	0.66	0.62	-0.08	0.33	0.4	0.44	0.5	0.4	0.58	0.13	0.28	0.41	-0.23	-0.08	-0.14	-0.41	0.26	0.35

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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.

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Predict Renaissancere Holdings

Working Capital Over Time

Based on the company's disclosures, Renaissancere Holdings has a Working Capital of 0.0. This is 100.0% lower than that of the Insurance sector and about the same as Financials (which currently averages 0.0) industry. The working capital for all United States stocks is 100.0% higher than that of the company.

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Renaissancere Holdings ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Renaissancere Holdings' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Renaissancere Holdings' managers, analysts, and investors.

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Renaissancere Fundamentals

	Return On Equity	0.32
	Return On Asset	0.0633
	Profit Margin	0.29 %
	Operating Margin	0.44 %
	Current Valuation	15.24 B
	Shares Outstanding	51.94 M
	Shares Owned By Insiders	1.00 %
	Shares Owned By Institutions	99.00 %
	Number Of Shares Shorted	1.66 M
	Price To Earning	17.70 X
	Price To Book	1.35 X
	Price To Sales	1.12 X
	Revenue	9.09 B
	Gross Profit	(787.92 M)
	EBITDA	3.28 B
	Net Income	3.62 B
	Cash And Equivalents	1.19 B
	Cash Per Share	448.80 X
	Total Debt	1.96 B
	Debt To Equity	0.12 %
	Current Ratio	1.32 X
	Book Value Per Share	202.01 X
	Cash Flow From Operations	1.91 B
	Short Ratio	3.68 X
	Earnings Per Share	70.99 X
	Price To Earnings To Growth	(3.13) X
	Target Price	296.18
	Number Of Employees	925
	Beta	0.39
	Market Capitalization	14.12 B
	Total Asset	49.01 B
	Retained Earnings	6.52 B
	Annual Yield	0.01 %
	Five Year Return	0.90 %
	Net Asset	49.01 B
	Last Dividend Paid	1.55

About Renaissancere Holdings Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Renaissancere Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Renaissancere Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Renaissancere Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Renaissancere Holdings

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Renaissancere Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Renaissancere Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving against Renaissancere Stock

0.42

SPNT

Siriuspoint

Pair Corr

The ability to find closely correlated positions to Renaissancere Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Renaissancere Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Renaissancere Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Renaissancere Holdings to buy it.

The correlation of Renaissancere Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Renaissancere Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Renaissancere Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Renaissancere Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Renaissancere Stock Analysis

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

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