RenaissanceRe Holdings Balance Sheet Health
Financial Health criteria checks 6/6
RenaissanceRe Holdings has a total shareholder equity of $16.5B and total debt of $2.0B, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are $51.6B and $35.1B respectively. RenaissanceRe Holdings's EBIT is $3.4B making its interest coverage ratio 36.8. It has cash and short-term investments of $28.1B.
Key information
11.9%
Debt to equity ratio
US$1.97b
Debt
Interest coverage ratio | 36.8x |
Cash | US$28.09b |
Equity | US$16.51b |
Total liabilities | US$35.05b |
Total assets | US$51.57b |
Recent financial health updates
No updates
Recent updates
RenaissanceRe Holdings Ltd. (NYSE:RNR) Might Not Be As Mispriced As It Looks
Jun 06RenaissanceRe: A Series Of Preferred Shares Still Offers A 6.1% Yield
May 22Investors Holding Back On RenaissanceRe Holdings Ltd. (NYSE:RNR)
Dec 28RenaissanceRe: Benefits From A Light Hurricane Season Are Likely Already In The Price
Nov 23RenaissanceRe: The 6.4-6.5% Yielding Preferred Shares Are Still Appealing
Sep 03RenaissanceRe raises quarterly dividend by 2.7% to $0.38/share
Feb 08RenaissanceRe: Seizing Opportunity In Ongoing Insurance 'Hard Market'
Jan 26Financial Position Analysis
Short Term Liabilities: RNR's short term assets ($44.0B) exceed its short term liabilities ($32.7B).
Long Term Liabilities: RNR's short term assets ($44.0B) exceed its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: RNR has more cash than its total debt.
Reducing Debt: RNR's debt to equity ratio has reduced from 16% to 11.9% over the past 5 years.
Debt Coverage: RNR's debt is well covered by operating cash flow (161.7%).
Interest Coverage: RNR's interest payments on its debt are well covered by EBIT (36.8x coverage).