RenaissanceRe Holdings Balance Sheet Health
Financial Health criteria checks 6/6
RenaissanceRe Holdings has a total shareholder equity of $18.1B and total debt of $2.0B, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are $52.8B and $34.7B respectively. RenaissanceRe Holdings's EBIT is $4.7B making its interest coverage ratio 50.6. It has cash and short-term investments of $30.2B.
Key information
10.8%
Debt to equity ratio
US$1.95b
Debt
| Interest coverage ratio | 50.6x |
| Cash | US$30.17b |
| Equity | US$18.10b |
| Total liabilities | US$34.65b |
| Total assets | US$52.76b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNR.PRF's short term assets ($45.0B) exceed its short term liabilities ($32.2B).
Long Term Liabilities: RNR.PRF's short term assets ($45.0B) exceed its long term liabilities ($2.5B).
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 15.9% to 10.8% over the past 5 years.
Debt Coverage: RNR.PRF's debt is well covered by operating cash flow (199.7%).
Interest Coverage: RNR.PRF's interest payments on its debt are well covered by EBIT (50.6x coverage).