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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

=
53.67 %
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 53%. This is 21.92% higher than that of the Technology sector, and 10.91% higher than that of Semiconductor - Specialized industry, The Probability Of Bankruptcy for all stocks is 24.84% lower than the firm.

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Found 10 equities

Probability Of Bankruptcy

LLTC NMSLinear Technology Corporation
7.72%
ALTR NMSAltera Corp
15.92%
NVDA NMSNVIDIA Corporation
15.3%
MCHP NMSMicrochip Technology Inc
12.42%
FSLR NMSFirst Solar Inc
4.13%
SPWR NMSSunPower Corporation
39.8%
MPWR NMSMonolithic Power Systems Inc
73.39%
CRUS NMSCirrus Logic Inc
73.34%
CSIQ NMSCanadian Solar Inc
50.76%
HIMX NMSHimax Technologies Inc
12.26%
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
ReneSola Ltd has more than 53 (%) 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(97.72) %
Return On Asset(0.98) %
Profit Margin(14.21) %
Operating Margin(1.98) %
Current Valuation1.02 B
Shares Outstanding101.68 M
Shares Owned by Insiders55.27 %
Shares Owned by Institutions11.70 %
Number of Shares Shorted6.14 M
Price to Earning425.00 times
Price to Book1.62 times
Price to Sales0.15 times
Revenue1.65 B
Gross Profit103.26 M
EBITDA83.73 M
Net Income(234.5 M)
Cash and Equivalents52.66 M
Cash per Share0.52 times
Total Debt835.47 M
Debt to Equity5.47 times
Current Ratio0.66 times
Book Value Per Share1.50 times
Cash Flow from Operations2.09 M
Short Ratio2.80 times
One Year High6.0
One Year Low2.18
Earnings Per Share(2.47) times
Price to Earnings To Growth(4.07) times
Number of Employees7.87 K
Beta4.57
Market Capitalization238.96 M
Total Asset2.14 B
Working Capital(506.18 M)
Current Asset1.21 B
Current Liabilities1.71 B
Probability Of Bankruptcy55.57 %


 

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