ReneSola Ltd Probability Of Bankruptcy

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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 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 
 = 
47 %

Distress Driver Correlations

About Probability Of Bankruptcy

Probability of Bankruptcy SHOULD NOT be confused with actual chance of a company to file for chapter 7, 11, 12 or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty to meet its current financial obligations towards its creditors or to deliver on the expectations of its investors. Macroaxis derives these conditions on a daily bases from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns including short term and long term historical volatility. Other factors taken into account include analysis of liquidity, revenues patterns, RND expenses, as well as public headlines and social sentiment.
Compare to competition

ReneSola Ltd Probability Of Bankruptcy Assessment

Margin

ReneSola Ltd Margin Growth Rates
EBITDA Margin
Gross Margin
Profit Margin
Based on latest financial disclosure ReneSola Ltd has Probability Of Bankruptcy of 47.0%. This is much higher than that of the Electrical, Electronic sector, and significantly higher than that of Electronic Finished Products industry, The Probability Of Bankruptcy for all stocks is over 1000% lower than the firm.

Peer Comparison

ReneSola Ltd Probability Of Bankruptcy Comparison
   
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ReneSola Ltd is currently under evaluation in probability of bankruptcy category among related companies.

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Return On Equity151.50 %
Return On Asset0.01 %
Profit Margin(0.0026) %
Operating Margin0.03 %
Current Valuation917.44 M
Shares Outstanding20.18 M
Shares Owned by Insiders45.66 %
Shares Owned by Institutions16.60 %
Number of Shares Shorted727.84 K
Price to Earning(1.39) times
Price to Book0.72 times
Price to Sales0.05 times
Revenue1.28 B
Gross Profit187.87 M
EBITDA72.76 M
Net Income(5.08 M)
Cash and Equivalents178.38 M
Cash per Share0.28 times
Total Debt733.71 M
Debt to Equity7.62 times
Current Ratio0.58 times
Book Value Per Share3.28 times
Cash Flow from Operations2.21 M
Short Ratio3.00 times
Earnings Per Share(1.72) times
Price to Earnings To Growth(0.11) times
Number of Employees5.44 K
Beta1.18
Market Capitalization48.4 M
Total Asset1.35 B
Retained Earnings(435.28 M)
Working Capital(466.11 M)
Current Asset637.75 M
Current Liabilities1.1 B