Renasant Short Term Debt vs Cash Analysis

RNST Stock

USD 30.95 0.15 0.48%

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 Short Term Debt and its Cash 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.

Short Term Debt vs Cash

Short Term Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renasant Short Term Debt account and Cash. At this time, the significance of the direction appears to have no relationship.

The correlation between Renasant's Short Term Debt and Cash is 0.09. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Renasant, assuming nothing else is changed. The correlation between historical values of Renasant's Short Term Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Renasant are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Term Debt i.e., Renasant's Short Term Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Short Term Debt

Cash

Cash refers to the most liquid asset of Renasant, which is listed under current asset account on Renasant balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Renasant customers. The amounts must be unrestricted with restricted cash listed in a different Renasant account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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

Interest Expense Depreciation And Amortization

Renasant fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Total Current Liabilities	Short Term Debt	Common Stock Total Equity	Common Stock	Other Liab	Accounts Payable	Long Term Debt	Short Term Investments	Inventory
Total Assets		0.84	0.98	0.96	-0.17	0.98	0.74	0.54	-0.4	0.83	0.66	0.79	0.65	0.96	0.8	0.98	-0.1	0.53	0.56	0.97	0.82	0.85	0.99	0.86	0.77	-0.64
Short Long Term Debt Total	0.84		0.83	0.83	0.29	0.84	0.42	0.31	-0.35	0.68	0.45	0.7	0.68	0.82	0.77	0.83	-0.15	0.89	0.9	0.81	0.72	0.53	0.8	0.7	0.61	-0.52
Total Stockholder Equity	0.98	0.83		0.97	-0.13	0.94	0.7	0.59	-0.31	0.85	0.65	0.83	0.56	0.99	0.77	0.93	-0.01	0.54	0.56	0.98	0.86	0.83	0.97	0.84	0.77	-0.68
Property Plant And Equipment Net	0.96	0.83	0.97		-0.11	0.91	0.68	0.62	-0.38	0.77	0.67	0.85	0.51	0.96	0.71	0.93	-0.09	0.54	0.56	0.95	0.85	0.85	0.94	0.85	0.78	-0.69
Net Debt	-0.17	0.29	-0.13	-0.11		-0.12	-0.75	-0.55	0.24	-0.01	-0.58	-0.08	0.18	-0.1	-0.11	-0.2	-0.04	0.58	0.57	-0.08	-0.07	-0.43	-0.2	-0.26	-0.46	0.11
Retained Earnings	0.98	0.84	0.94	0.91	-0.12		0.7	0.37	-0.49	0.81	0.54	0.68	0.79	0.9	0.83	0.98	-0.25	0.54	0.57	0.93	0.73	0.78	0.99	0.8	0.67	-0.61
Cash	0.74	0.42	0.7	0.68	-0.75	0.7		0.74	-0.47	0.48	0.86	0.56	0.3	0.66	0.64	0.76	-0.07	0.07	0.09	0.64	0.57	0.78	0.75	0.73	0.86	-0.47
Non Current Assets Total	0.54	0.31	0.59	0.62	-0.55	0.37	0.74		-0.13	0.29	0.9	0.72	-0.25	0.6	0.33	0.46	0.31	0.08	0.06	0.54	0.68	0.66	0.48	0.66	0.87	-0.36
Non Currrent Assets Other	-0.4	-0.35	-0.31	-0.38	0.24	-0.49	-0.47	-0.13		-0.06	-0.33	-0.16	-0.44	-0.24	-0.23	-0.51	0.86	-0.08	-0.1	-0.22	-0.12	-0.46	-0.42	-0.57	-0.39	0.13
Other Assets	0.83	0.68	0.85	0.77	-0.01	0.81	0.48	0.29	-0.06		0.4	0.66	0.6	0.87	0.7	0.76	0.11	0.47	0.49	0.85	0.71	0.59	0.83	0.6	0.51	-0.64
Cash And Short Term Investments	0.66	0.45	0.65	0.67	-0.58	0.54	0.86	0.9	-0.33	0.4		0.75	0.03	0.66	0.49	0.64	0.12	0.21	0.2	0.57	0.7	0.72	0.61	0.76	0.98	-0.48
Common Stock Shares Outstanding	0.79	0.7	0.83	0.85	-0.08	0.68	0.56	0.72	-0.16	0.66	0.75		0.22	0.85	0.55	0.71	0.19	0.52	0.49	0.8	0.98	0.7	0.73	0.85	0.81	-0.56
Non Current Liabilities Total	0.65	0.68	0.56	0.51	0.18	0.79	0.3	-0.25	-0.44	0.6	0.03	0.22		0.5	0.7	0.73	-0.47	0.53	0.57	0.58	0.3	0.37	0.71	0.41	0.17	-0.37
Other Stockholder Equity	0.96	0.82	0.99	0.96	-0.1	0.9	0.66	0.6	-0.24	0.87	0.66	0.85	0.5		0.74	0.89	0.06	0.57	0.59	0.96	0.87	0.8	0.93	0.81	0.77	-0.72
Total Liab	0.8	0.77	0.77	0.71	-0.11	0.83	0.64	0.33	-0.23	0.7	0.49	0.55	0.7	0.74		0.84	0.0	0.62	0.64	0.78	0.61	0.43	0.81	0.54	0.59	-0.49
Property Plant And Equipment Gross	0.98	0.83	0.93	0.93	-0.2	0.98	0.76	0.46	-0.51	0.76	0.64	0.71	0.73	0.89	0.84		-0.25	0.53	0.56	0.91	0.74	0.81	0.98	0.82	0.74	-0.66
Total Current Assets	-0.1	-0.15	-0.01	-0.09	-0.04	-0.25	-0.07	0.31	0.86	0.11	0.12	0.19	-0.47	0.06	0.0	-0.25		-0.02	-0.04	0.06	0.22	-0.13	-0.15	-0.2	0.07	0.05
Total Current Liabilities	0.53	0.89	0.54	0.54	0.58	0.54	0.07	0.08	-0.08	0.47	0.21	0.52	0.53	0.57	0.62	0.53	-0.02		1.0	0.53	0.53	0.15	0.49	0.37	0.35	-0.43
Short Term Debt	0.56	0.9	0.56	0.56	0.57	0.57	0.09	0.06	-0.1	0.49	0.2	0.49	0.57	0.59	0.64	0.56	-0.04	1.0		0.56	0.51	0.17	0.52	0.36	0.34	-0.45
Common Stock Total Equity	0.97	0.81	0.98	0.95	-0.08	0.93	0.64	0.54	-0.22	0.85	0.57	0.8	0.58	0.96	0.78	0.91	0.06	0.53	0.56		0.86	0.79	0.96	0.79	0.7	-0.59
Common Stock	0.82	0.72	0.86	0.85	-0.07	0.73	0.57	0.68	-0.12	0.71	0.7	0.98	0.3	0.87	0.61	0.74	0.22	0.53	0.51	0.86		0.71	0.77	0.85	0.78	-0.52
Other Liab	0.85	0.53	0.83	0.85	-0.43	0.78	0.78	0.66	-0.46	0.59	0.72	0.7	0.37	0.8	0.43	0.81	-0.13	0.15	0.17	0.79	0.71		0.84	0.85	0.78	-0.55
Accounts Payable	0.99	0.8	0.97	0.94	-0.2	0.99	0.75	0.48	-0.42	0.83	0.61	0.73	0.71	0.93	0.81	0.98	-0.15	0.49	0.52	0.96	0.77	0.84		0.82	0.72	-0.65
Long Term Debt	0.86	0.7	0.84	0.85	-0.26	0.8	0.73	0.66	-0.57	0.6	0.76	0.85	0.41	0.81	0.54	0.82	-0.2	0.37	0.36	0.79	0.85	0.85	0.82		0.85	-0.41
Short Term Investments	0.77	0.61	0.77	0.78	-0.46	0.67	0.86	0.87	-0.39	0.51	0.98	0.81	0.17	0.77	0.59	0.74	0.07	0.35	0.34	0.7	0.78	0.78	0.72	0.85		-0.5
Inventory	-0.64	-0.52	-0.68	-0.69	0.11	-0.61	-0.47	-0.36	0.13	-0.64	-0.48	-0.56	-0.37	-0.72	-0.49	-0.66	0.05	-0.43	-0.45	-0.59	-0.52	-0.55	-0.65	-0.41	-0.5

Click cells to compare fundamentals

Renasant Account Relationship Matchups

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

Pair Trading with Renasant

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 Renasant 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 Renasant will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Renasant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Renasant 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 Renasant - 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 Renasant to buy it.

The correlation of Renasant 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 Renasant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Renasant 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 Renasant 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

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:

How To Invest In Renasant

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Is Renasant Stock a good investment?

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What is Renasant's Net Worth?

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Largest Regional Banks Companies

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Largest Banks - Regional Companies

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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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Renasant Stock analysis

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

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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

10.907

Quarterly Revenue Growth

(0.03)

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.

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Renasant Short Term Debt vs Cash Analysis

Short Term Debt vs Cash

Short Term Debt vs Cash Correlation Analysis

Correlation Coefficient

Short Term Debt

Cash

Renasant fundamental ratios Correlations

Renasant Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Renasant fundamental ratios Accounts

Pair Trading with Renasant

Complementary Tools for Renasant Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Term Debt	+ 1.0	Total Current Liabilities
Accounts Payable	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Stockholder Equity
Accounts Payable	+ 0.99	Retained Earnings
Total Stockholder Equity	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Assets

Cash	- 0.75	Net Debt
Inventory	- 0.72	Other Stockholder Equity
Inventory	- 0.69	Property Plant And Equipment Net
Inventory	- 0.68	Total Stockholder Equity
Inventory	- 0.66	Property Plant And Equipment Gross
Inventory	- 0.65	Accounts Payable