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ReneSola Probability Of Bankruptcy

 
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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

Probability Of Bankruptcy

=

Normalized

Z-Score

=
54.5615 %
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 Probability Of Bankruptcy Assessment

Based on latest financial disclosure ReneSola Ltd has Probability Of Bankruptcy of 54%. This is 25.43% higher than that of Technology sector, and 3.2% higher than that of Semiconductor - Specialized industry, The Probability Of Bankruptcy for all stocks is 20.18% lower than the firm.

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Found 12 equities

Probability Of Bankruptcy

LLTC NMSLinear Technology Corporation
6.23%
ALTR NMSAltera Corp
15.39%
NVDA NMSNVIDIA Corporation
15.29%
MCHP NMSMicrochip Technology Inc
12.39%
FSLR NMSFirst Solar Inc
4.12%
LSI NMSLSI Corporation
87.86%
SPWR NMSSunPower Corporation
43.66%
HIMX NMSHimax Technologies Inc
4.86%
MPWR NMSMonolithic Power Systems Inc
73.36%
CSIQ NMSCanadian Solar Inc
50.76%
CRUS NMSCirrus Logic Inc
68.42%
TSL NYQTrina Solar Limited
54.0%
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
ReneSola Ltd has more than 54 (%) percent chance of experiencing financial distress in the next 2 years of operations. More Info

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ReneSola Ltd Profile

SOL
ReneSola Ltd
USA Stock
Currency: USD - US Dollar
Traded on New York Stock Exchange
 

Other ReneSola Fundamentals

Return On Equity(97.77) %
Return On Asset(0.57) %
Profit Margin(17.08) %
Operating Margin(1.27) %
Current Valuation1.11 B
Shares Outstanding101.67 M
Shares Owned by Insiders55.27 %
Shares Owned by Institutions11.70 %
Number of Shares Shorted7.85 M
Price to Earning425.00 times
Price to Book2.14 times
Price to Sales0.23 times
Revenue1.52 B
Gross Profit(35.69 M)
EBITDA93.59 M
Net Income(259.53 M)
Cash and Equivalents86.77 M
Cash per Share0.85 times
Total Debt854.2 M
Debt to Equity5.13 times
Current Ratio0.70 times
Book Value Per Share1.64 times
Cash Flow from Operations119.83 M
Short Ratio2.60 times
One Year High66.0
One Year Low1.25
Earnings Per Share(2.85) times
Price to Earnings To Growth1.67 times
Number of Employees8.44 K
Beta4.54
Market Capitalization346.69 M
Total Asset2.06 B
Retained Earnings(137.66 M)
Working Capital(568.45 M)
Current Asset873.78 M
Current Liabilities1.44 B
Probability Of Bankruptcy55.54 %
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