Renasant Net Receivables vs Short Term Investments Analysis

RNST Stock  USD 37.08  0.18  0.49%   
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 Net Receivables and its Short Term Investments 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 closely tied 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.

Net Receivables vs Short Term Investments

Net Receivables vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renasant Net Receivables account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Renasant's Net Receivables and Short Term Investments is -0.43. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Renasant, assuming nothing else is changed. The correlation between historical values of Renasant's Net Receivables and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Renasant are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Receivables i.e., Renasant's Net Receivables and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.43
Relationship DirectionNegative 
Relationship StrengthVery Weak

Net Receivables

Short Term Investments

Short Term Investments is an item under the current assets section of Renasant balance sheet. It contains any investments Renasant undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Renasant can easily liquidate in the marketplace.
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 closely tied 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 12.45 in 2024, whereas Tax Provision is likely to drop slightly above 34.5 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense44.7M60.5M278.0M291.9M
Depreciation And Amortization22.4M20.0M20.3M21.3M

Renasant fundamental ratios Correlations

0.840.980.96-0.170.980.740.85-0.510.810.660.790.650.960.80.98-0.10.530.560.970.820.850.990.860.77-0.64
0.840.830.830.290.840.420.54-0.420.670.460.70.670.830.770.83-0.150.890.90.810.720.540.810.710.62-0.33
0.980.830.97-0.130.940.70.85-0.50.840.650.830.560.990.770.93-0.010.540.570.980.860.830.970.840.77-0.59
0.960.830.97-0.110.910.680.83-0.440.760.670.850.510.960.710.93-0.090.540.560.950.850.850.940.850.78-0.58
-0.170.29-0.13-0.11-0.12-0.75-0.510.030.0-0.58-0.080.18-0.1-0.11-0.2-0.040.580.57-0.08-0.07-0.43-0.2-0.26-0.460.72
0.980.840.940.91-0.120.70.81-0.550.770.540.680.790.90.830.98-0.250.540.570.930.730.780.990.80.67-0.65
0.740.420.70.68-0.750.70.85-0.330.470.860.560.30.660.640.76-0.070.070.090.640.570.780.750.730.86-0.91
0.850.540.850.83-0.510.810.85-0.240.580.660.630.390.810.70.83-0.020.180.220.850.680.810.860.720.72-0.84
-0.51-0.42-0.5-0.440.03-0.55-0.33-0.24-0.56-0.27-0.39-0.47-0.5-0.27-0.490.36-0.19-0.2-0.41-0.34-0.45-0.5-0.57-0.350.21
0.810.670.840.760.00.770.470.58-0.560.450.70.530.870.670.730.170.480.490.830.730.580.80.610.54-0.32
0.660.460.650.67-0.580.540.860.66-0.270.450.750.030.660.490.640.120.210.20.570.70.720.610.760.98-0.66
0.790.70.830.85-0.080.680.560.63-0.390.70.750.220.850.550.710.190.520.490.80.980.70.730.850.81-0.38
0.650.670.560.510.180.790.30.39-0.470.530.030.220.50.70.73-0.470.530.570.580.30.370.710.410.17-0.36
0.960.830.990.96-0.10.90.660.81-0.50.870.660.850.50.740.890.060.570.590.960.870.80.930.810.77-0.53
0.80.770.770.71-0.110.830.640.7-0.270.670.490.550.70.740.840.00.620.650.780.610.430.810.540.59-0.67
0.980.830.930.93-0.20.980.760.83-0.490.730.640.710.730.890.84-0.250.530.560.910.740.810.980.820.74-0.71
-0.1-0.15-0.01-0.09-0.04-0.25-0.07-0.020.360.170.120.19-0.470.060.0-0.25-0.02-0.040.060.22-0.13-0.15-0.20.070.24
0.530.890.540.540.580.540.070.18-0.190.480.210.520.530.570.620.53-0.021.00.530.530.150.490.370.35-0.01
0.560.90.570.560.570.570.090.22-0.20.490.20.490.570.590.650.56-0.041.00.560.510.170.520.360.34-0.04
0.970.810.980.95-0.080.930.640.85-0.410.830.570.80.580.960.780.910.060.530.560.860.790.960.790.7-0.54
0.820.720.860.85-0.070.730.570.68-0.340.730.70.980.30.870.610.740.220.530.510.860.710.770.850.78-0.4
0.850.540.830.85-0.430.780.780.81-0.450.580.720.70.370.80.430.81-0.130.150.170.790.710.840.850.78-0.61
0.990.810.970.94-0.20.990.750.86-0.50.80.610.730.710.930.810.98-0.150.490.520.960.770.840.820.72-0.67
0.860.710.840.85-0.260.80.730.72-0.570.610.760.850.410.810.540.82-0.20.370.360.790.850.850.820.85-0.56
0.770.620.770.78-0.460.670.860.72-0.350.540.980.810.170.770.590.740.070.350.340.70.780.780.720.85-0.65
-0.64-0.33-0.59-0.580.72-0.65-0.91-0.840.21-0.32-0.66-0.38-0.36-0.53-0.67-0.710.24-0.01-0.04-0.54-0.4-0.61-0.67-0.56-0.65
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Renasant Account Relationship Matchups

Renasant fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.4B14.9B16.8B17.0B17.4B18.2B
Short Long Term Debt Total856.5M496.3M485.2M1.1B729.4M765.9M
Total Stockholder Equity2.1B2.1B2.2B2.1B2.3B2.4B
Property Plant And Equipment Net309.7M300.5M293.1M283.6M283.2M297.4M
Net Debt441.6M(158.2M)(1.4B)564.4M(72.0M)(68.4M)
Retained Earnings617.4M615.8M741.6M857.7M952.1M999.7M
Cash414.9M633.2M1.9B576.0M801.4M841.4M
Non Current Assets Total2.6B2.6B4.1B1.3B3.4B3.6B
Non Currrent Assets Other(70.8M)(2.6B)(94.5M)(3.1B)(1.3B)(1.2B)
Other Assets9.0B10.3B8.3B14.0B12.8B13.4B
Cash And Short Term Investments1.7B2.0B4.3B2.1B1.1B634.0M
Common Stock Shares Outstanding58.2M56.5M56.1M56.1M56.4M28.6M
Liabilities And Stockholders Equity13.4B14.9B16.8B17.0B17.4B18.2B
Non Current Liabilities Total376.5M475.0M471.2M14.1B14.8B15.5B
Other Stockholder Equity1.2B1.2B1.2B1.2B1.2B1.3B
Total Liab11.3B475.0M14.6B14.9B15.1B15.8B
Property Plant And Equipment Gross309.7M300.5M430.3M433.1M439.1M461.1M
Total Current Assets1.8B2.1B4.3B1.7B1.1B1.1B
Accumulated Other Comprehensive Income764K25.1M(10.4M)(209.0M)(154.3M)(146.5M)
Total Current Liabilities480M21.3M13.9M712.2M307.6M236.7M
Short Term Debt480M21.3M13.9M700M300M315M
Other Liab97.7M241.5M209.6M134.3M154.4M162.1M
Accounts Payable10.2B12.1B13.9B13.5B15.5B16.3B
Long Term Debt376.5M475.0M471.2M428.1M429.4M268.6M
Short Term Investments1.3B1.3B2.4B1.5B923.3M765.2M
Inventory(422.9M)6.0M(1.9B)1.8M(979.3M)(930.3M)
Treasury Stock(24.2M)(83.2M)(101.6M)(118.0M)(106.2M)(100.9M)
Property Plant Equipment309.7M300.5M293.1M283.6M326.1M342.4M
Good Will611.0M932.9M939.7M1.0B991.7M504.7M
Intangible Assets90.5M93.1M113.1M84.4M18.8M17.9M
Other Current Assets422.9M10.2B1.9B(497.5M)865.8M822.5M
Other Current Liab(480M)12.1B(13.9M)12.2M7.6M7.2M
Net Tangible Assets1.1B1.2B1.2B1.1B1.3B852.6M
Net Receivables85.7M78.4M76.1M115.0M113.5M198.4M
Retained Earnings Total Equity617.4M615.8M741.6M857.7M986.4M1.0B
Long Term Debt Total376.5M475.0M471.2M428.1M492.4M302.6M
Capital Surpluse1.3B1.3B1.3B1.3B1.5B898.1M
Long Term Investments1.6B1.8B2.8B2.9B2.1B1.8B

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