Renaissancere Capital Surpluse vs Long Term Debt Analysis

RNR Stock

USD 271.90 7.26 2.74%

Renaissancere Holdings financial indicator trend analysis is much more than just breaking down Renaissancere Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renaissancere Holdings is a good investment. Please check the relationship between Renaissancere Holdings Capital Surpluse and its Long Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renaissancere Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Renaissancere Stock, please use our How to Invest in Renaissancere Holdings guide.

Capital Surpluse vs Long Term Debt

Capital Surpluse vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renaissancere Holdings Capital Surpluse account and Long Term Debt. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Renaissancere Holdings' Capital Surpluse and Long Term Debt is 0.13. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Renaissancere Holdings, assuming nothing else is changed. The correlation between historical values of Renaissancere Holdings' Capital Surpluse and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Renaissancere Holdings are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Capital Surpluse i.e., Renaissancere Holdings' Capital Surpluse and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Capital Surpluse

Long Term Debt

Long-term debt is a debt that Renaissancere Holdings has held for over one year. Long-term debt appears on Renaissancere Holdings 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 Renaissancere Holdings 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.

Most indicators from Renaissancere Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renaissancere Holdings 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renaissancere Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Renaissancere Stock, please use our How to Invest in Renaissancere Holdings guide.At this time, Renaissancere Holdings' Tax Provision is relatively stable compared to the past year. As of 11/22/2024, Enterprise Value Over EBITDA is likely to grow to 3.01, while Discontinued Operations is likely to drop slightly above 2.1 M.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	5.4B	6.3B	6.0B	6.3B
Gross Profit	5.3B	5.0B	9.1B	9.5B

Other Operating Expenses Gross Profit

Renaissancere Holdings fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Short Term Investments	Other Liab	Accounts Payable	Long Term Debt	Preferred Stock Total Equity	Good Will
Common Stock Shares Outstanding		-0.26	-0.37	-0.42	-0.44	0.0	-0.57	-0.3	-0.19	0.14	-0.11	-0.28	-0.18	-0.39	-0.39	-0.05	-0.23	-0.3	-0.39	-0.13	-0.27	-0.1	-0.24	-0.35	-0.44	-0.25
Total Assets	-0.26		0.87	-0.44	0.93	-0.16	0.88	0.91	0.86	-0.75	0.57	0.93	0.99	0.56	0.84	0.88	1.0	0.38	0.71	-0.75	0.91	0.84	0.91	0.92	0.78	0.82
Short Long Term Debt Total	-0.37	0.87		-0.22	0.87	0.1	0.86	0.82	0.84	-0.62	0.36	0.82	0.83	0.49	0.89	0.78	0.86	0.42	0.62	-0.55	0.8	0.76	0.76	0.97	0.67	0.91
Total Current Liabilities	-0.42	-0.44	-0.22		-0.23	-0.02	-0.1	-0.21	-0.26	0.58	-0.45	-0.38	-0.51	-0.1	-0.3	-0.44	-0.46	0.07	-0.19	0.81	-0.43	-0.59	-0.43	-0.23	-0.36	-0.17
Total Stockholder Equity	-0.44	0.93	0.87	-0.23		-0.1	0.98	0.86	0.9	-0.68	0.34	0.86	0.88	0.67	0.82	0.9	0.9	0.49	0.82	-0.59	0.83	0.7	0.78	0.91	0.72	0.78
Net Debt	0.0	-0.16	0.1	-0.02	-0.1		-0.11	-0.46	-0.2	-0.23	0.14	-0.38	-0.16	0.04	0.02	-0.05	-0.18	-0.43	0.08	0.31	-0.35	0.17	-0.39	0.05	-0.17	0.04
Retained Earnings	-0.57	0.88	0.86	-0.1	0.98	-0.11		0.85	0.87	-0.61	0.29	0.83	0.82	0.67	0.8	0.81	0.85	0.51	0.8	-0.5	0.8	0.63	0.75	0.89	0.73	0.75
Cash	-0.3	0.91	0.82	-0.21	0.86	-0.46	0.85		0.87	-0.52	0.32	0.94	0.88	0.45	0.81	0.78	0.91	0.59	0.56	-0.67	0.89	0.61	0.9	0.87	0.7	0.82
Non Current Assets Total	-0.19	0.86	0.84	-0.26	0.9	-0.2	0.87	0.87		-0.55	0.17	0.81	0.83	0.58	0.77	0.86	0.84	0.41	0.73	-0.61	0.77	0.64	0.72	0.85	0.63	0.73
Non Currrent Assets Other	0.14	-0.75	-0.62	0.58	-0.68	-0.23	-0.61	-0.52	-0.55		-0.66	-0.51	-0.79	-0.39	-0.71	-0.74	-0.75	-0.02	-0.58	0.53	-0.49	-0.83	-0.51	-0.7	-0.53	-0.62
Other Assets	-0.11	0.57	0.36	-0.45	0.34	0.14	0.29	0.32	0.17	-0.66		0.38	0.63	0.22	0.38	0.35	0.6	-0.34	0.3	-0.36	0.4	0.76	0.49	0.43	0.44	0.38
Cash And Short Term Investments	-0.28	0.93	0.82	-0.38	0.86	-0.38	0.83	0.94	0.81	-0.51	0.38		0.9	0.47	0.78	0.76	0.93	0.6	0.57	-0.82	0.99	0.66	0.98	0.84	0.8	0.77
Net Receivables	-0.18	0.99	0.83	-0.51	0.88	-0.16	0.82	0.88	0.83	-0.79	0.63	0.9		0.51	0.82	0.85	1.0	0.3	0.66	-0.77	0.88	0.87	0.89	0.89	0.77	0.8
Common Stock Total Equity	-0.39	0.56	0.49	-0.1	0.67	0.04	0.67	0.45	0.58	-0.39	0.22	0.47	0.51		0.45	0.55	0.52	0.11	0.95	-0.27	0.46	0.43	0.4	0.53	0.31	0.35
Non Current Liabilities Total	-0.39	0.84	0.89	-0.3	0.82	0.02	0.8	0.81	0.77	-0.71	0.38	0.78	0.82	0.45		0.72	0.83	0.42	0.57	-0.6	0.75	0.66	0.76	0.93	0.72	0.91
Other Stockholder Equity	-0.05	0.88	0.78	-0.44	0.9	-0.05	0.81	0.78	0.86	-0.74	0.35	0.76	0.85	0.55	0.72		0.85	0.37	0.73	-0.65	0.74	0.73	0.7	0.84	0.51	0.76
Total Liab	-0.23	1.0	0.86	-0.46	0.9	-0.18	0.85	0.91	0.84	-0.75	0.6	0.93	1.0	0.52	0.83	0.85		0.36	0.67	-0.77	0.91	0.84	0.92	0.91	0.78	0.82
Total Current Assets	-0.3	0.38	0.42	0.07	0.49	-0.43	0.51	0.59	0.41	-0.02	-0.34	0.6	0.3	0.11	0.42	0.37	0.36		0.14	-0.41	0.59	-0.03	0.53	0.43	0.42	0.45
Common Stock	-0.39	0.71	0.62	-0.19	0.82	0.08	0.8	0.56	0.73	-0.58	0.3	0.57	0.66	0.95	0.57	0.73	0.67	0.14		-0.36	0.55	0.59	0.49	0.67	0.48	0.46
Other Current Liab	-0.13	-0.75	-0.55	0.81	-0.59	0.31	-0.5	-0.67	-0.61	0.53	-0.36	-0.82	-0.77	-0.27	-0.6	-0.65	-0.77	-0.41	-0.36		-0.85	-0.62	-0.84	-0.58	-0.67	-0.51
Short Term Investments	-0.27	0.91	0.8	-0.43	0.83	-0.35	0.8	0.89	0.77	-0.49	0.4	0.99	0.88	0.46	0.75	0.74	0.91	0.59	0.55	-0.85		0.66	0.98	0.81	0.81	0.73
Other Liab	-0.1	0.84	0.76	-0.59	0.7	0.17	0.63	0.61	0.64	-0.83	0.76	0.66	0.87	0.43	0.66	0.73	0.84	-0.03	0.59	-0.62	0.66		0.66	0.77	0.61	0.63
Accounts Payable	-0.24	0.91	0.76	-0.43	0.78	-0.39	0.75	0.9	0.72	-0.51	0.49	0.98	0.89	0.4	0.76	0.7	0.92	0.53	0.49	-0.84	0.98	0.66		0.8	0.8	0.75
Long Term Debt	-0.35	0.92	0.97	-0.23	0.91	0.05	0.89	0.87	0.85	-0.7	0.43	0.84	0.89	0.53	0.93	0.84	0.91	0.43	0.67	-0.58	0.81	0.77	0.8		0.7	0.94
Preferred Stock Total Equity	-0.44	0.78	0.67	-0.36	0.72	-0.17	0.73	0.7	0.63	-0.53	0.44	0.8	0.77	0.31	0.72	0.51	0.78	0.42	0.48	-0.67	0.81	0.61	0.8	0.7		0.56
Good Will	-0.25	0.82	0.91	-0.17	0.78	0.04	0.75	0.82	0.73	-0.62	0.38	0.77	0.8	0.35	0.91	0.76	0.82	0.45	0.46	-0.51	0.73	0.63	0.75	0.94	0.56

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Renaissancere Holdings Account Relationship Matchups

Renaissancere Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	43.2M	47.2M	47.2M	43.0M	47.6M	45.8M
Total Assets	26.3B	30.8B	34.0B	36.6B	49.0B	51.5B
Short Long Term Debt Total	1.9B	1.1B	1.2B	1.2B	2.0B	2.1B
Total Current Liabilities	2.8B	3.5B	3.9B	111.8M	661.6M	628.5M
Total Stockholder Equity	6.0B	7.6B	6.6B	5.3B	9.5B	9.9B
Net Debt	5.0M	(600.5M)	(690.7M)	(23.9M)	81.1M	85.2M
Retained Earnings	4.7B	5.4B	5.2B	4.1B	6.5B	6.8B
Cash	1.4B	1.7B	1.9B	1.2B	1.9B	2.0B
Non Current Assets Total	17.6B	19.6B	19.7B	5.2B	29.2B	30.6B
Non Currrent Assets Other	(222.7M)	(235.7M)	(167.9M)	(16.3B)	(29.2B)	(27.7B)
Other Assets	(2.7B)	(1.8B)	(1.3B)	30.7B	12.4B	13.1B
Cash And Short Term Investments	5.9B	6.7B	7.2B	5.9B	6.5B	6.8B
Net Receivables	5.5B	6.4B	8.4B	10.2B	13.2B	13.9B
Common Stock Total Equity	44.1M	50.8M	44.4M	43.7M	39.3M	75.2M
Liabilities And Stockholders Equity	26.3B	30.8B	34.0B	36.6B	49.0B	51.5B
Non Current Liabilities Total	1.4B	1.1B	1.2B	1.3B	1.9B	2.0B
Other Stockholder Equity	568.3M	1.6B	608.1M	475.6M	2.1B	2.3B
Total Liab	17.3B	19.9B	23.8B	26.7B	33.5B	35.1B
Total Current Assets	11.4B	13.1B	15.6B	587.1M	7.4B	4.6B
Accumulated Other Comprehensive Income	(1.9M)	(12.6M)	(10.9M)	(15.5M)	(14.2M)	(13.5M)
Common Stock	44.1M	50.8M	44.4M	43.7M	52.7M	74.0M
Other Current Liab	(2.8B)	(3.5B)	(3.9B)	(3.8B)	(3.9B)	(3.7B)
Short Term Investments	4.6B	5.0B	5.3B	4.7B	4.6B	4.8B
Other Liab	7.6B	970.1M	755.4M	11.4B	13.1B	13.7B
Accounts Payable	2.8B	3.5B	3.9B	3.9B	3.2B	3.3B
Long Term Debt	1.4B	1.1B	1.2B	1.2B	1.9B	2.0B
Good Will	210.7M	211.0M	206.3M	206.3M	300.5M	315.6M
Other Current Assets	9.3B	823.6M	11.7B	580.1M	924.8M	878.5M
Intangible Assets	51.5M	38.6M	37.2M	31.5M	474.8M	498.6M
Net Tangible Assets	8.1B	10.2B	5.6B	8.9B	10.2B	6.6B
Retained Earnings Total Equity	4.7B	5.4B	5.2B	4.1B	4.7B	4.1B
Long Term Debt Total	1.4B	1.1B	1.2B	1.2B	1.3B	930.8M
Long Term Investments	17.4B	20.6B	19.4B	19.7B	27.7B	14.4B
Non Current Liabilities Other	9.4B	10.4B	21.4B	25.0B	28.8B	30.2B
Short Term Debt	779K	502.1M	0.0	30M	75M	83.0M
Warrants	3.1B	3.4B	3.6B	4.5B	5.2B	5.5B

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

0.56

SPNT

Siriuspoint Normal Trading

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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