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ReneSola Probability Of Bankruptcy

   
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 

 = 
56.58 %
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 to competition

ReneSola Probability Of Bankruptcy Assessment

Based on latest financial disclosure ReneSola Ltd has Probability Of Bankruptcy of 56%. This is 28.53% higher than that of the Technology sector, and 16.92% higher than that of Semiconductor - Specialized industry, The Probability Of Bankruptcy for all stocks is 31.61% lower than the firm.

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Found 10 equities

Probability Of Bankruptcy

ALTR NMSAltera Corp
15.57%
LLTC NMSLinear Technology Corporation
7.53%
NVDA NMSNVIDIA Corporation
15.25%
MCHP NMSMicrochip Technology Inc
15.93%
FSLR NMSFirst Solar Inc
1.0%
SPWR NMSSunPower Corporation
42.99%
CSIQ NMSCanadian Solar Inc
50.1%
MPWR NMSMonolithic Power Systems Inc
73.67%
HIMX NMSHimax Technologies Inc
4.28%
CRUS NMSCirrus Logic Inc
73.15%
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
ReneSola Ltd has more than 56 (%) 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(90.30) %
Return On Asset(0.01) %
Profit Margin(12.81) %
Operating Margin(0.02) %
Current Valuation1.1 B
Shares Outstanding101.83 M
Shares Owned by Insiders55.27 %
Shares Owned by Institutions11.70 %
Number of Shares Shorted5.88 M
Price to Earning425.00 times
Price to Book1.92 times
Price to Sales0.18 times
Revenue1.66 B
Gross Profit103.26 M
EBITDA105.67 M
Net Income(212.68 M)
Cash and Equivalents58.13 M
Cash per Share0.57 times
Total Debt871.88 M
Debt to Equity5.54 times
Current Ratio0.67 times
Book Value Per Share1.55 times
Cash Flow from Operations(104.03 M)
Short Ratio3.30 times
One Year High6.0
One Year Low2.18
Earnings Per Share(2.15) times
Price to Earnings To Growth(9.90) times
Number of Employees7.87 K
Beta4.05
Market Capitalization290.2 M
Total Asset2.14 B
Working Capital(506.18 M)
Current Asset1.21 B
Current Liabilities1.71 B
Probability Of Bankruptcy55.05 %


 

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