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 
55 %

Distress Driver Correlations

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.
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ReneSola Ltd Probability Of Bankruptcy Assessment

  Of Bankruptcy 
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Based on latest financial disclosure ReneSola Ltd has Probability Of Bankruptcy of 55%. This is 27.49% higher than that of the Technology sector, and 13.8% higher than that of Semiconductor - Specialized industry, The Probability Of Bankruptcy for all stocks is 27.76% lower than the firm.

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Chance of Financial Distress

ReneSola Ltd has more than 55 (%) percent chance of experiencing financial distress in the next 2 years of operations. More Info
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Return On Equity15.64 %
Return On Asset2.48 %
Profit Margin1.57 %
Operating Margin4.93 %
Current Valuation827.48 M
Shares Outstanding101.58 M
Shares Owned by Insiders45.66 %
Shares Owned by Institutions16.60 %
Number of Shares Shorted1.27 M
Price to Earning24.60 times
Price to Book1.12 times
Price to Sales0.11 times
Revenue1.19 B
Gross Profit187.87 M
EBITDA147.72 M
Net Income18.69 M
Cash and Equivalents38.69 M
Cash per Share0.38 times
Total Debt737.16 M
Debt to Equity6.43 times
Current Ratio0.58 times
Book Value Per Share1.13 times
Cash Flow from Operations6.85 M
Short Ratio4.16 times
One Year High1.95
One Year Low0.91
Earnings Per Share0.18 times
Price to Earnings To Growth0.76 times
Number of Employees5.44 K
Market Capitalization124.94 M
Total Asset1.35 B
Retained Earnings(435.28 M)
Working Capital(466.11 M)
Current Asset637.75 M
Current Liabilities1.1 B