ReneSola Ltd Probability Of Bankruptcy

$1.34  0.04  3.08%
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 
51.69 %

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 51%. This is 17.42% higher than that of the Technology sector, and 6.82% higher than that of Semiconductor - Specialized industry, The Probability Of Bankruptcy for all stocks is 20.24% 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
NameReneSola Ltd
InstrumentUSA Stock
Risk-adjusted AdviceStrong Sell Over Valued
CurrencyUSD - US Dollar
ExchangeNew York Stock Exchange
DescriptionReneSola Ltd through its subsidiaries manufactures and sells various solar power products. more

Other ReneSola Ltd Fundamentals

Return On Equity(29.46) %
Return On Asset0.30 %
Profit Margin(2.91) %
Operating Margin0.59 %
Current Valuation841.67 M
Shares Outstanding102.31 M
Shares Owned by Insiders45.66 %
Shares Owned by Institutions17.70 %
Number of Shares Shorted4.97 M
Price to Earning425.00 times
Price to Book1.11 times
Price to Sales0.09 times
Revenue1.38 B
Gross Profit209.28 M
Net Income(40.13 M)
Cash and Equivalents43.15 M
Cash per Share0.42 times
Total Debt756.93 M
Debt to Equity6.57 times
Current Ratio0.58 times
Book Value Per Share1.13 times
Cash Flow from Operations10.55 M
Short Ratio10.32 times
One Year High3.62
One Year Low0.94
Earnings Per Share(0.40) times
Price to Earnings To Growth(0.24) times
Number of Employees6.95 K
Market Capitalization122.78 M
Total Asset1.67 B
Retained Earnings(430.2 M)
Working Capital(477.26 M)
Current Asset859.53 M
Current Liabilities1.34 B