ReneSola Ltd Probability Of Bankruptcy

  

Probability Of Bankruptcy Analysis

For stocks, Probability Of Bankruptcy is normalized value of Z-Score. For funds and ETFs it is derived from a multi-factor model developed by Macroaxis.The score is used to predict probability of a firm or a fund going into bankruptcy or experiencing financial distress within next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100 indicating the actual probability the firm will be distressed in the next 2 fiscal years.
ReneSola Ltd 
Probability Of Bankruptcy 
 = 
Normalized 
 
Z-Score 
 = 
51.89 %

About Probability Of Bankruptcy

Companies or funds with Probability Of Bankruptcy above 90% are generally considered to be high risk with a good chance of bankruptcy in the next 2 years. On the other hand entities with Probability Of Bankruptcy of less than 15% will most likely experience some growth in the next 2 years. Probability Of Bankruptcy is based on Macroaxis own algorithm and can be used by auditors, accountants, money managers, financial advisers, as well as day traders to evaluate unsystematic risk of a stock, fund or ETF.
Compare ReneSola Ltd to competition

ReneSola Ltd Probability Of Bankruptcy Assessment

Of Bankruptcy  
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Based on latest financial disclosure ReneSola Ltd has Probability Of Bankruptcy of 51%. This is 20.9% higher than that of the Technology sector, and 9.98% higher than that of Semiconductor - Specialized industry, The Probability Of Bankruptcy for all stocks is 7.43% lower than the firm.
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Chance of Financial Distress

ReneSola Ltd has more than 51 (%) percent chance of experiencing financial distress in the next 2 years of operations. More Info
Return On Equity(15.40) %
Return On Asset0.18 %
Profit Margin(1.44) %
Operating Margin0.34 %
Current Valuation813.38 M
Shares Outstanding102.33 M
Shares Owned by Insiders45.66 %
Shares Owned by Institutions16.60 %
Number of Shares Shorted1.94 M
Price to Earning425.00 times
Price to Book1.53 times
Price to Sales0.12 times
Revenue1.37 B
Gross Profit209.28 M
EBITDA116.66 M
Net Income(19.79 M)
Cash and Equivalents86.49 M
Cash per Share0.85 times
Total Debt750.46 M
Debt to Equity6.80 times
Current Ratio0.57 times
Book Value Per Share1.08 times
Cash Flow from Operations81.74 M
Short Ratio1.48 times
One Year High1.97
One Year Low0.91
Earnings Per Share(0.20) times
Price to Earnings To Growth(0.58) times
Number of Employees6.95 K
Beta2.79
Market Capitalization149.4 M
Total Asset1.67 B
Retained Earnings(430.2 M)
Working Capital(477.26 M)
Current Asset859.53 M
Current Liabilities1.34 B