Renaissancere Other Liab vs Accounts Payable Analysis

RNR Stock

USD 224.43 0.35 0.16%

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 Other Liab and its Accounts Payable 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 tightly coupled 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.

Other Liab vs Accounts Payable

Other Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renaissancere Holdings Other Liab account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.

The correlation between Renaissancere Holdings' Other Liab and Accounts Payable is 0.66. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Accounts Payable 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' Other Liab and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Renaissancere Holdings are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Other Liab i.e., Renaissancere Holdings' Other Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Liab

Accounts Payable

An accounting item on the balance sheet that represents Renaissancere Holdings obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Renaissancere Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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 tightly coupled 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 06/05/2024, Enterprise Value is likely to grow to about 6.9 B, while Selling General Administrative is likely to drop slightly above 48.7 M.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	5.4B	6.3B	6.0B	6.3B
Gross Profit	5.3B	5.0B	24.0M	22.8M

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	-0.33	-0.47	-0.44	0.0	-0.57	-0.3	-0.27	0.16	-0.06	-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		0.93	-0.19	0.93	-0.16	0.88	0.91	0.13	-0.73	0.79	0.93	0.99	0.56	0.84	0.88	1.0	0.36	0.71	-0.73	0.91	0.84	0.91	0.92	0.78	0.82
Short Long Term Debt Total	-0.33	0.93		0.02	0.92	0.05	0.89	0.87	0.13	-0.69	0.7	0.84	0.9	0.53	0.92	0.85	0.91	0.4	0.67	-0.55	0.8	0.78	0.79	1.0	0.69	0.94
Total Current Liabilities	-0.47	-0.19	0.02		0.04	0.05	0.16	-0.01	0.14	0.33	-0.23	-0.23	-0.26	0.09	-0.09	-0.15	-0.22	0.09	0.08	0.74	-0.3	-0.34	-0.32	0.02	-0.24	0.05
Total Stockholder Equity	-0.44	0.93	0.92	0.04		-0.1	0.98	0.86	0.17	-0.65	0.66	0.86	0.88	0.67	0.82	0.9	0.9	0.46	0.82	-0.56	0.83	0.7	0.78	0.91	0.72	0.78
Net Debt	0.0	-0.16	0.05	0.05	-0.1		-0.11	-0.46	-0.55	-0.23	0.19	-0.38	-0.16	0.04	0.02	-0.05	-0.18	-0.44	0.08	0.33	-0.35	0.17	-0.39	0.05	-0.17	0.04
Retained Earnings	-0.57	0.88	0.89	0.16	0.98	-0.11		0.85	0.25	-0.58	0.59	0.83	0.82	0.67	0.8	0.81	0.85	0.49	0.8	-0.47	0.8	0.63	0.75	0.89	0.73	0.75
Cash	-0.3	0.91	0.87	-0.01	0.86	-0.46	0.85		0.4	-0.5	0.53	0.94	0.88	0.45	0.81	0.78	0.91	0.58	0.56	-0.66	0.89	0.61	0.9	0.87	0.7	0.82
Non Current Assets Total	-0.27	0.13	0.13	0.14	0.17	-0.55	0.25	0.4		0.49	-0.46	0.44	0.06	0.07	0.2	-0.03	0.13	0.58	-0.01	-0.26	0.44	-0.26	0.42	0.16	0.31	0.18
Non Currrent Assets Other	0.16	-0.73	-0.69	0.33	-0.65	-0.23	-0.58	-0.5	0.49		-0.89	-0.5	-0.77	-0.36	-0.71	-0.71	-0.73	0.01	-0.54	0.5	-0.49	-0.82	-0.51	-0.68	-0.54	-0.61
Other Assets	-0.06	0.79	0.7	-0.23	0.66	0.19	0.59	0.53	-0.46	-0.89		0.52	0.83	0.44	0.59	0.73	0.79	-0.21	0.62	-0.43	0.5	0.91	0.53	0.69	0.5	0.58
Cash And Short Term Investments	-0.28	0.93	0.84	-0.23	0.86	-0.38	0.83	0.94	0.44	-0.5	0.52		0.9	0.47	0.78	0.76	0.93	0.59	0.57	-0.81	0.99	0.66	0.98	0.84	0.8	0.77
Net Receivables	-0.18	0.99	0.9	-0.26	0.88	-0.16	0.82	0.88	0.06	-0.77	0.83	0.9		0.51	0.82	0.85	1.0	0.28	0.66	-0.74	0.88	0.87	0.89	0.89	0.77	0.8
Common Stock Total Equity	-0.39	0.56	0.53	0.09	0.67	0.04	0.67	0.45	0.07	-0.36	0.44	0.47	0.51		0.45	0.55	0.52	0.12	0.95	-0.25	0.46	0.43	0.4	0.53	0.31	0.35
Non Current Liabilities Total	-0.39	0.84	0.92	-0.09	0.82	0.02	0.8	0.81	0.2	-0.71	0.59	0.78	0.82	0.45		0.72	0.83	0.4	0.57	-0.59	0.75	0.66	0.76	0.93	0.72	0.91
Other Stockholder Equity	-0.05	0.88	0.85	-0.15	0.9	-0.05	0.81	0.78	-0.03	-0.71	0.73	0.76	0.85	0.55	0.72		0.85	0.35	0.73	-0.62	0.74	0.73	0.7	0.84	0.51	0.76
Total Liab	-0.23	1.0	0.91	-0.22	0.9	-0.18	0.85	0.91	0.13	-0.73	0.79	0.93	1.0	0.52	0.83	0.85		0.34	0.67	-0.74	0.91	0.84	0.92	0.91	0.78	0.82
Total Current Assets	-0.3	0.36	0.4	0.09	0.46	-0.44	0.49	0.58	0.58	0.01	-0.21	0.59	0.28	0.12	0.4	0.35	0.34		0.13	-0.41	0.58	-0.05	0.52	0.41	0.4	0.43
Common Stock	-0.39	0.71	0.67	0.08	0.82	0.08	0.8	0.56	-0.01	-0.54	0.62	0.57	0.66	0.95	0.57	0.73	0.67	0.13		-0.33	0.55	0.59	0.49	0.67	0.48	0.46
Other Current Liab	-0.13	-0.73	-0.55	0.74	-0.56	0.33	-0.47	-0.66	-0.26	0.5	-0.43	-0.81	-0.74	-0.25	-0.59	-0.62	-0.74	-0.41	-0.33		-0.85	-0.6	-0.84	-0.55	-0.67	-0.49
Short Term Investments	-0.27	0.91	0.8	-0.3	0.83	-0.35	0.8	0.89	0.44	-0.49	0.5	0.99	0.88	0.46	0.75	0.74	0.91	0.58	0.55	-0.85		0.66	0.98	0.81	0.81	0.73
Other Liab	-0.1	0.84	0.78	-0.34	0.7	0.17	0.63	0.61	-0.26	-0.82	0.91	0.66	0.87	0.43	0.66	0.73	0.84	-0.05	0.59	-0.6	0.66		0.66	0.77	0.61	0.63
Accounts Payable	-0.24	0.91	0.79	-0.32	0.78	-0.39	0.75	0.9	0.42	-0.51	0.53	0.98	0.89	0.4	0.76	0.7	0.92	0.52	0.49	-0.84	0.98	0.66		0.8	0.8	0.75
Long Term Debt	-0.35	0.92	1.0	0.02	0.91	0.05	0.89	0.87	0.16	-0.68	0.69	0.84	0.89	0.53	0.93	0.84	0.91	0.41	0.67	-0.55	0.81	0.77	0.8		0.7	0.94
Preferred Stock Total Equity	-0.44	0.78	0.69	-0.24	0.72	-0.17	0.73	0.7	0.31	-0.54	0.5	0.8	0.77	0.31	0.72	0.51	0.78	0.4	0.48	-0.67	0.81	0.61	0.8	0.7		0.56
Good Will	-0.25	0.82	0.94	0.05	0.78	0.04	0.75	0.82	0.18	-0.61	0.58	0.77	0.8	0.35	0.91	0.76	0.82	0.43	0.46	-0.49	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	1.4B	1.1B	1.2B	1.2B	2.0B	2.1B
Total Current Liabilities	2.8B	3.5B	3.9B	111.8M	3.3B	3.5B
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	1.5B	1.4B
Non Currrent Assets Other	(222.7M)	(235.7M)	(167.9M)	(16.3B)	(24.6B)	(23.4B)
Other Assets	(2.7B)	(1.8B)	(1.3B)	30.7B	41.1B	43.1B
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	6.5B	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)	(3.3B)	(3.1B)
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	10.9B	11.7B	580.1M	14.6B	15.3B
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
Short Long Term Debt	205K	779K	1.5M	30M	75M	51.6M

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Renaissancere Other Liab vs Accounts Payable Analysis

Other Liab vs Accounts Payable

Other Liab vs Accounts Payable Correlation Analysis

Correlation Coefficient

Other Liab

Accounts Payable

Renaissancere Holdings fundamental ratios Correlations

Renaissancere Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Renaissancere Holdings fundamental ratios Accounts

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Additional Tools for Renaissancere Stock Analysis

COMMON DESTINATIONS

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Total Liab	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Net Receivables
Net Receivables	+ 0.99	Total Assets
Short Term Investments	+ 0.99	Cash And Short Term Investments
Retained Earnings	+ 0.98	Total Stockholder Equity

Other Assets	- 0.89	Non Currrent Assets Other
Short Term Investments	- 0.85	Other Current Liab
Accounts Payable	- 0.84	Other Current Liab
Other Liab	- 0.82	Non Currrent Assets Other
Other Current Liab	- 0.81	Cash And Short Term Investments
Net Receivables	- 0.77	Non Currrent Assets Other