Renasant Net Income vs Investments Analysis

RNST Stock

USD 37.88 0.29 0.76%

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 Income and its 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 Income vs Investments

Net Income vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renasant Net Income account and Investments. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Renasant's Net Income and Investments is -0.55. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of 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 Income and 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 Income of Renasant are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Net Income i.e., Renasant's Net Income and Investments go up and down completely randomly.

Correlation Coefficient

-0.55

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Renasant financial statement analysis. It represents the amount of money remaining after all of Renasant operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

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 Expense	44.7M	60.5M	278.0M	291.9M
Depreciation And Amortization	22.4M	20.0M	20.3M	21.3M

Interest Expense Depreciation And Amortization

Renasant fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Total Current Liabilities	Short Term Debt	Common Stock Total Equity	Common Stock	Other Liab	Accounts Payable	Long Term Debt	Short Term Investments	Inventory
Total Assets		0.84	0.98	0.96	-0.17	0.98	0.74	0.85	-0.51	0.81	0.66	0.79	0.65	0.96	0.8	0.98	-0.1	0.53	0.56	0.97	0.82	0.85	0.99	0.86	0.77	-0.64
Short Long Term Debt Total	0.84		0.83	0.83	0.29	0.84	0.42	0.54	-0.42	0.67	0.46	0.7	0.67	0.83	0.77	0.83	-0.15	0.89	0.9	0.81	0.72	0.54	0.81	0.71	0.62	-0.33
Total Stockholder Equity	0.98	0.83		0.97	-0.13	0.94	0.7	0.85	-0.5	0.84	0.65	0.83	0.56	0.99	0.77	0.93	-0.01	0.54	0.57	0.98	0.86	0.83	0.97	0.84	0.77	-0.59
Property Plant And Equipment Net	0.96	0.83	0.97		-0.11	0.91	0.68	0.83	-0.44	0.76	0.67	0.85	0.51	0.96	0.71	0.93	-0.09	0.54	0.56	0.95	0.85	0.85	0.94	0.85	0.78	-0.58
Net Debt	-0.17	0.29	-0.13	-0.11		-0.12	-0.75	-0.51	0.03	0.0	-0.58	-0.08	0.18	-0.1	-0.11	-0.2	-0.04	0.58	0.57	-0.08	-0.07	-0.43	-0.2	-0.26	-0.46	0.72
Retained Earnings	0.98	0.84	0.94	0.91	-0.12		0.7	0.81	-0.55	0.77	0.54	0.68	0.79	0.9	0.83	0.98	-0.25	0.54	0.57	0.93	0.73	0.78	0.99	0.8	0.67	-0.65
Cash	0.74	0.42	0.7	0.68	-0.75	0.7		0.85	-0.33	0.47	0.86	0.56	0.3	0.66	0.64	0.76	-0.07	0.07	0.09	0.64	0.57	0.78	0.75	0.73	0.86	-0.91
Non Current Assets Total	0.85	0.54	0.85	0.83	-0.51	0.81	0.85		-0.24	0.58	0.66	0.63	0.39	0.81	0.7	0.83	-0.02	0.18	0.22	0.85	0.68	0.81	0.86	0.72	0.72	-0.84
Non Currrent Assets Other	-0.51	-0.42	-0.5	-0.44	0.03	-0.55	-0.33	-0.24		-0.56	-0.27	-0.39	-0.47	-0.5	-0.27	-0.49	0.36	-0.19	-0.2	-0.41	-0.34	-0.45	-0.5	-0.57	-0.35	0.21
Other Assets	0.81	0.67	0.84	0.76	0.0	0.77	0.47	0.58	-0.56		0.45	0.7	0.53	0.87	0.67	0.73	0.17	0.48	0.49	0.83	0.73	0.58	0.8	0.61	0.54	-0.32
Cash And Short Term Investments	0.66	0.46	0.65	0.67	-0.58	0.54	0.86	0.66	-0.27	0.45		0.75	0.03	0.66	0.49	0.64	0.12	0.21	0.2	0.57	0.7	0.72	0.61	0.76	0.98	-0.66
Common Stock Shares Outstanding	0.79	0.7	0.83	0.85	-0.08	0.68	0.56	0.63	-0.39	0.7	0.75		0.22	0.85	0.55	0.71	0.19	0.52	0.49	0.8	0.98	0.7	0.73	0.85	0.81	-0.38
Non Current Liabilities Total	0.65	0.67	0.56	0.51	0.18	0.79	0.3	0.39	-0.47	0.53	0.03	0.22		0.5	0.7	0.73	-0.47	0.53	0.57	0.58	0.3	0.37	0.71	0.41	0.17	-0.36
Other Stockholder Equity	0.96	0.83	0.99	0.96	-0.1	0.9	0.66	0.81	-0.5	0.87	0.66	0.85	0.5		0.74	0.89	0.06	0.57	0.59	0.96	0.87	0.8	0.93	0.81	0.77	-0.53
Total Liab	0.8	0.77	0.77	0.71	-0.11	0.83	0.64	0.7	-0.27	0.67	0.49	0.55	0.7	0.74		0.84	0.0	0.62	0.65	0.78	0.61	0.43	0.81	0.54	0.59	-0.67
Property Plant And Equipment Gross	0.98	0.83	0.93	0.93	-0.2	0.98	0.76	0.83	-0.49	0.73	0.64	0.71	0.73	0.89	0.84		-0.25	0.53	0.56	0.91	0.74	0.81	0.98	0.82	0.74	-0.71
Total Current Assets	-0.1	-0.15	-0.01	-0.09	-0.04	-0.25	-0.07	-0.02	0.36	0.17	0.12	0.19	-0.47	0.06	0.0	-0.25		-0.02	-0.04	0.06	0.22	-0.13	-0.15	-0.2	0.07	0.24
Total Current Liabilities	0.53	0.89	0.54	0.54	0.58	0.54	0.07	0.18	-0.19	0.48	0.21	0.52	0.53	0.57	0.62	0.53	-0.02		1.0	0.53	0.53	0.15	0.49	0.37	0.35	-0.01
Short Term Debt	0.56	0.9	0.57	0.56	0.57	0.57	0.09	0.22	-0.2	0.49	0.2	0.49	0.57	0.59	0.65	0.56	-0.04	1.0		0.56	0.51	0.17	0.52	0.36	0.34	-0.04
Common Stock Total Equity	0.97	0.81	0.98	0.95	-0.08	0.93	0.64	0.85	-0.41	0.83	0.57	0.8	0.58	0.96	0.78	0.91	0.06	0.53	0.56		0.86	0.79	0.96	0.79	0.7	-0.54
Common Stock	0.82	0.72	0.86	0.85	-0.07	0.73	0.57	0.68	-0.34	0.73	0.7	0.98	0.3	0.87	0.61	0.74	0.22	0.53	0.51	0.86		0.71	0.77	0.85	0.78	-0.4
Other Liab	0.85	0.54	0.83	0.85	-0.43	0.78	0.78	0.81	-0.45	0.58	0.72	0.7	0.37	0.8	0.43	0.81	-0.13	0.15	0.17	0.79	0.71		0.84	0.85	0.78	-0.61
Accounts Payable	0.99	0.81	0.97	0.94	-0.2	0.99	0.75	0.86	-0.5	0.8	0.61	0.73	0.71	0.93	0.81	0.98	-0.15	0.49	0.52	0.96	0.77	0.84		0.82	0.72	-0.67
Long Term Debt	0.86	0.71	0.84	0.85	-0.26	0.8	0.73	0.72	-0.57	0.61	0.76	0.85	0.41	0.81	0.54	0.82	-0.2	0.37	0.36	0.79	0.85	0.85	0.82		0.85	-0.56
Short Term Investments	0.77	0.62	0.77	0.78	-0.46	0.67	0.86	0.72	-0.35	0.54	0.98	0.81	0.17	0.77	0.59	0.74	0.07	0.35	0.34	0.7	0.78	0.78	0.72	0.85		-0.65
Inventory	-0.64	-0.33	-0.59	-0.58	0.72	-0.65	-0.91	-0.84	0.21	-0.32	-0.66	-0.38	-0.36	-0.53	-0.67	-0.71	0.24	-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

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.4B	14.9B	16.8B	17.0B	17.4B	18.2B
Short Long Term Debt Total	856.5M	496.3M	485.2M	1.1B	729.4M	765.9M
Total Stockholder Equity	2.1B	2.1B	2.2B	2.1B	2.3B	2.4B
Property Plant And Equipment Net	309.7M	300.5M	293.1M	283.6M	283.2M	297.4M
Net Debt	441.6M	(158.2M)	(1.4B)	564.4M	(72.0M)	(68.4M)
Retained Earnings	617.4M	615.8M	741.6M	857.7M	952.1M	999.7M
Cash	414.9M	633.2M	1.9B	576.0M	801.4M	841.4M
Non Current Assets Total	2.6B	2.6B	4.1B	1.3B	3.4B	3.6B
Non Currrent Assets Other	(70.8M)	(2.6B)	(94.5M)	(3.1B)	(1.3B)	(1.2B)
Other Assets	9.0B	10.3B	8.3B	14.0B	12.8B	13.4B
Cash And Short Term Investments	1.7B	2.0B	4.3B	2.1B	1.1B	634.0M
Common Stock Shares Outstanding	58.2M	56.5M	56.1M	56.1M	56.4M	28.6M
Liabilities And Stockholders Equity	13.4B	14.9B	16.8B	17.0B	17.4B	18.2B
Non Current Liabilities Total	376.5M	475.0M	471.2M	14.1B	14.8B	15.5B
Other Stockholder Equity	1.2B	1.2B	1.2B	1.2B	1.2B	1.3B
Total Liab	11.3B	475.0M	14.6B	14.9B	15.1B	15.8B
Property Plant And Equipment Gross	309.7M	300.5M	430.3M	433.1M	439.1M	461.1M
Total Current Assets	1.8B	2.1B	4.3B	1.7B	1.1B	1.1B
Accumulated Other Comprehensive Income	764K	25.1M	(10.4M)	(209.0M)	(154.3M)	(146.5M)
Total Current Liabilities	480M	21.3M	13.9M	712.2M	307.6M	236.7M
Short Term Debt	480M	21.3M	13.9M	700M	300M	315M
Other Liab	97.7M	241.5M	209.6M	134.3M	154.4M	162.1M
Accounts Payable	10.2B	12.1B	13.9B	13.5B	15.5B	16.3B
Long Term Debt	376.5M	475.0M	471.2M	428.1M	429.4M	268.6M
Short Term Investments	1.3B	1.3B	2.4B	1.5B	923.3M	765.2M
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 Equipment	309.7M	300.5M	293.1M	283.6M	326.1M	342.4M
Good Will	611.0M	932.9M	939.7M	1.0B	991.7M	504.7M
Intangible Assets	90.5M	93.1M	113.1M	84.4M	18.8M	17.9M
Other Current Assets	422.9M	10.2B	1.9B	(497.5M)	865.8M	822.5M
Other Current Liab	(480M)	12.1B	(13.9M)	12.2M	7.6M	7.2M
Net Tangible Assets	1.1B	1.2B	1.2B	1.1B	1.3B	852.6M
Net Receivables	85.7M	78.4M	76.1M	115.0M	113.5M	198.4M
Retained Earnings Total Equity	617.4M	615.8M	741.6M	857.7M	986.4M	1.0B
Long Term Debt Total	376.5M	475.0M	471.2M	428.1M	492.4M	302.6M
Capital Surpluse	1.3B	1.3B	1.3B	1.3B	1.5B	898.1M
Long Term Investments	1.6B	1.8B	2.8B	2.9B	2.1B	1.8B

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