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ReneSola Probability Of Bankruptcy 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 

 = 
53.19 %

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.
Compare ReneSola to competition

ReneSola Probability Of Bankruptcy Assessment

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Based on latest financial disclosure ReneSola Ltd has Probability Of Bankruptcy of 53%. This is 20.83% higher than that of the Technology sector, and 9.92% higher than that of Semiconductor - Specialized industry, The Probability Of Bankruptcy for all stocks is 23.73% lower than the firm.

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Found 10 equities

Probability Of Bankruptcy

NVDA NMSNVIDIA Corporation
11.84%
ALTR NMSAltera Corp
14.94%
LLTC NMSLinear Technology Corporation
6.13%
MCHP NMSMicrochip Technology Inc
16.13%
FSLR NMSFirst Solar Inc
5.15%
SPWR NMSSunPower Corporation
46.92%
MPWR NMSMonolithic Power Systems Inc
73.94%
HIMX NMSHimax Technologies Inc
14.39%
CSIQ NMSCanadian Solar Inc
44.62%
CRUS NMSCirrus Logic Inc
34.97%
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(15.24) %
Return On Asset(0.44) %
Profit Margin(1.50) %
Operating Margin(0.89) %
Current Valuation985.32 M
Shares Outstanding101.84 M
Shares Owned by Insiders45.67 %
Shares Owned by Institutions17.70 %
Number of Shares Shorted6.82 M
Price to Earning425.00 times
Price to Book1.11 times
Price to Sales0.10 times
Revenue1.61 B
Gross Profit103.26 M
EBITDA69.61 M
Net Income(24.17 M)
Cash and Equivalents40.12 M
Cash per Share0.39 times
Total Debt860.46 M
Debt to Equity5.87 times
Current Ratio0.67 times
Book Value Per Share1.44 times
Cash Flow from Operations(194.35 M)
Short Ratio4.70 times
One Year High4.46
One Year Low1.51
Earnings Per Share(0.24) times
Price to Earnings To Growth(0.28) times
Number of Employees7.87 K
Beta4.09
Market Capitalization164.98 M
Total Asset2.14 B
Working Capital(506.18 M)
Current Asset1.21 B
Current Liabilities1.71 B
Probability Of Bankruptcy55.09 %


 

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