RenaissanceRe Holdings (RenaissanceRe Holdings) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is RenaissanceRe Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. RenaissanceRe Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

RenaissanceRe Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.04). It may suggest that RenaissanceRe Holdings is progressively becoming more dependent on debt to grow their business.

RenaissanceRe Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for RenaissanceRe Holdings's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RenaissanceRe Holdings LT-Debt-to-Total-Asset Chart

RenaissanceRe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.05

0.04

0.03

0.04

RenaissanceRe Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.05	0.05	0.04	0.04

RenaissanceRe Holdings LT-Debt-to-Total-Asset Calculation

RenaissanceRe Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1883.655	/	49007.105
	=	0.04

RenaissanceRe Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1884.411	/	50944.334
	=	0.04

RenaissanceRe Holdings (NYSE:RNRpF.PFD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

RenaissanceRe Holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of RenaissanceRe Holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

RenaissanceRe Holdings (RenaissanceRe Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » RenaissanceRe Holdings Ltd (NYSE:RNRpF.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RNRpG.PFD:USA RNR:USA RRJ:Germany

Address

12 Crow Lane, Renaissance House, Pembroke, BMU, HM 19

Website

https://www.renre.com

RenaissanceRe Holdings Ltd provides reinsurance and insurance solutions and related services. The company's core products include property, casualty, specialty reinsurance, and certain insurance products. Revenue is derived from three sources: net premiums earned from the insurance and insurance products sold; net investment income from the investment of capital funds and cash; and other income from the company's joint ventures, advisory services, and other items. The reportable segments of the company are the Property segment which includes catastrophe and other property reinsurance, and the Casualty and Specialty segment which is comprised of casualty and specialty reinsurance. It derives a majority of its revenue from the Casualty and specialty segment.