RenaissanceRe Holdings Balance Sheet Health
Financial Health criteria checks 6/6
RenaissanceRe Holdings has a total shareholder equity of $15.6B and total debt of $2.0B, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are $49.0B and $33.5B respectively. RenaissanceRe Holdings's EBIT is $3.3B making its interest coverage ratio 45.1. It has cash and short-term investments of $27.5B.
Key information
12.6%
Debt to equity ratio
US$1.96b
Debt
Interest coverage ratio | 45.1x |
Cash | US$27.48b |
Equity | US$15.56b |
Total liabilities | US$33.45b |
Total assets | US$49.01b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNR.PRF's short term assets ($41.9B) exceed its short term liabilities ($15.6B).
Long Term Liabilities: RNR.PRF's short term assets ($41.9B) exceed its long term liabilities ($17.8B).
Debt to Equity History and Analysis
Debt Level: RNR.PRF has more cash than its total debt.
Reducing Debt: RNR.PRF's debt to equity ratio has reduced from 14% to 12.6% over the past 5 years.
Debt Coverage: RNR.PRF's debt is well covered by operating cash flow (97.6%).
Interest Coverage: RNR.PRF's interest payments on its debt are well covered by EBIT (45.1x coverage).