Renasant Retained Earnings vs Total Current Assets Analysis
RNST Stock | USD 29.06 0.41 1.39% |
Renasant financial indicator trend analysis is much more than just breaking down Renasant prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renasant is a good investment. Please check the relationship between Renasant Retained Earnings and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renasant. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Renasant Stock please use our How to Invest in Renasant guide.
Retained Earnings vs Total Current Assets
Retained Earnings vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renasant Retained Earnings account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Renasant's Retained Earnings and Total Current Assets is -0.25. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Renasant, assuming nothing else is changed. The correlation between historical values of Renasant's Retained Earnings and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Renasant are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Retained Earnings i.e., Renasant's Retained Earnings and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.25 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Renasant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renasant 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 Renasant. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Renasant Stock please use our How to Invest in Renasant guide.At this time, Renasant's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 10.77 in 2024, whereas Tax Provision is likely to drop slightly above 34.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 44.7M | 60.5M | 278.0M | 291.9M | Depreciation And Amortization | 6.0M | 5.1M | 35.2M | 37.0M |
Renasant fundamental ratios Correlations
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Renasant Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Renasant fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.4B | 14.9B | 16.8B | 17.0B | 17.4B | 18.2B | |
Short Long Term Debt Total | 856.5M | 475.0M | 485.2M | 1.1B | 729.4M | 765.9M | |
Total Stockholder Equity | 2.1B | 2.1B | 2.2B | 2.1B | 2.3B | 2.4B | |
Property Plant And Equipment Net | 309.7M | 300.5M | 293.1M | 283.6M | 283.2M | 297.4M | |
Net Debt | 441.6M | (158.2M) | (1.4B) | 564.4M | (72.0M) | (68.4M) | |
Retained Earnings | 617.4M | 615.8M | 741.6M | 857.7M | 952.1M | 999.7M | |
Cash | 414.9M | 633.2M | 1.9B | 576.0M | 801.4M | 841.4M | |
Non Current Assets Total | 2.6B | 2.6B | 4.1B | 1.3B | 1.3B | 1.1B | |
Non Currrent Assets Other | (2.6B) | (2.6B) | (4.1B) | (2.9B) | (2.2B) | (2.1B) | |
Other Assets | 9.0B | 10.3B | 8.3B | 14.0B | 14.9B | 15.7B | |
Cash And Short Term Investments | 1.7B | 2.0B | 4.3B | 2.1B | 1.1B | 634.0M | |
Common Stock Shares Outstanding | 58.2M | 56.5M | 56.1M | 56.1M | 56.4M | 28.6M | |
Liabilities And Stockholders Equity | 13.4B | 14.9B | 16.8B | 17.0B | 17.4B | 18.2B | |
Non Current Liabilities Total | 376.5M | 475.0M | 471.2M | 14.1B | 14.8B | 15.5B | |
Other Stockholder Equity | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.3B | |
Total Liab | 11.3B | 475.0M | 14.6B | 14.9B | 15.1B | 15.8B | |
Property Plant And Equipment Gross | 309.7M | 300.5M | 430.3M | 433.1M | 439.1M | 461.1M | |
Total Current Assets | 1.8B | 2.1B | 4.3B | 1.7B | 1.1B | 1.1B | |
Accumulated Other Comprehensive Income | 764K | 25.1M | (10.4M) | (209.0M) | (154.3M) | (146.5M) | |
Total Current Liabilities | 480M | 21.3M | 13.9M | 712.2M | 307.6M | 236.7M | |
Short Term Debt | 480M | 21.3M | 13.9M | 712.2M | 300M | 315M | |
Other Liab | 97.7M | 241.5M | 209.6M | 134.3M | 154.4M | 162.1M | |
Accounts Payable | 10.2B | 12.1B | 13.9B | 13.5B | 15.5B | 16.3B | |
Long Term Debt | 376.5M | 475.0M | 471.2M | 428.1M | 429.4M | 268.6M | |
Short Term Investments | 1.3B | 1.3B | 2.4B | 1.5B | 923.3M | 765.2M | |
Inventory | 8.0M | 6.0M | (1.5M) | 1.8M | 1.6M | 1.5M | |
Treasury Stock | (24.2M) | (83.2M) | (101.6M) | (118.0M) | (106.2M) | (100.9M) | |
Property Plant Equipment | 309.7M | 300.5M | 293.1M | 283.6M | 326.1M | 342.4M | |
Good Will | 611.0M | 932.9M | 939.7M | 1.0B | 991.7M | 504.7M | |
Intangible Assets | 90.5M | 93.1M | 113.1M | 84.4M | 110.5M | 80.1M | |
Other Current Assets | 9.0B | 10.2B | 8.3B | (497.5M) | (572.1M) | (543.5M) | |
Other Current Liab | (480M) | 12.1B | (13.9M) | 13.5B | 7.6M | 7.2M | |
Net Tangible Assets | 1.1B | 1.2B | 1.2B | 1.1B | 1.3B | 852.6M | |
Net Receivables | 85.7M | 78.4M | 76.1M | 115.0M | 113.5M | 198.4M | |
Retained Earnings Total Equity | 617.4M | 615.8M | 741.6M | 857.7M | 986.4M | 1.0B | |
Long Term Debt Total | 376.5M | 475.0M | 471.2M | 428.1M | 492.4M | 302.6M | |
Capital Surpluse | 1.3B | 1.3B | 1.3B | 1.3B | 1.5B | 898.1M | |
Long Term Investments | 1.6B | 1.8B | 2.8B | 2.9B | 2.1B | 1.8B |
Renasant Investors Sentiment
The influence of Renasant's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Renasant. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Renasant's public news can be used to forecast risks associated with an investment in Renasant. The trend in average sentiment can be used to explain how an investor holding Renasant can time the market purely based on public headlines and social activities around Renasant. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Renasant's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Renasant's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Renasant's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Renasant.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Renasant in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Renasant's short interest history, or implied volatility extrapolated from Renasant options trading.
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When determining whether Renasant is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Renasant Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Renasant Stock. Highlighted below are key reports to facilitate an investment decision about Renasant Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renasant. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Renasant Stock please use our How to Invest in Renasant guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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Is Renasant'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 Renasant. If investors know Renasant 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 Renasant 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 (0.15) | Dividend Share 0.88 | Earnings Share 2.44 | Revenue Per Share 10.906 | Quarterly Revenue Growth (0.02) |
The market value of Renasant is measured differently than its book value, which is the value of Renasant that is recorded on the company's balance sheet. Investors also form their own opinion of Renasant's value that differs from its market value or its book value, called intrinsic value, which is Renasant'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 Renasant's market value can be influenced by many factors that don't directly affect Renasant'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 Renasant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renasant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renasant'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.