ReneSola Ltd Probability Of Bankruptcy

The Macroaxis Equity Filters allow users to customize the simple screener criteria below or select from a set of available quick indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations. Please check also Equity Screeners to view more equity screening tools

Probability Of Bankruptcy Analysis

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 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 
 = 
Normalized 
 
Z-Score 
 = 
52 %

Distress Driver Correlations

About Probability Of Bankruptcy

Probability of Bankruptcy SHOULD NOT be confused with actual chance of a company to file for chapter 7, 11, 12 or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty to meet its current financial obligations towards its creditors or to deliver on the expectations of its investors. Macroaxis derives these conditions on a daily bases from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns including short term and long term historical volatility. Other factors taken into account include analysis of liquidity, revenues patterns, RND expenses, as well as public headlines and social sentiment.
Compare to competition

ReneSola Ltd Probability Of Bankruptcy Assessment

  Of Bankruptcy 
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Based on latest financial disclosure ReneSola Ltd has Probability Of Bankruptcy of 52%. This is 20.85% higher than that of the Technology sector, and about the same as Semiconductor - Specialized (which currently averages 51.43) industry, The Probability Of Bankruptcy for all stocks is 35.03% lower than the firm.
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Found 8 equities by Probability Of Bankruptcy
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37 %
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1 %
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You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
Peer Comparison
ReneSola Ltd Probability Of Bankruptcy Comparison
  Probability Of Bankruptcy 
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ReneSola Ltd is currently under evaluation in probability of bankruptcy category among related companies.
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Return On Equity(2.55) %
Return On Asset1.47 %
Profit Margin(0.26) %
Operating Margin3.16 %
Current Valuation736.86 M
Shares Outstanding101.67 M
Shares Owned by Insiders45.66 %
Shares Owned by Institutions16.60 %
Number of Shares Shorted727.84 K
Price to Earning2.93 times
Price to Book0.73 times
Price to Sales0.07 times
Revenue994.15 M
Gross Profit187.87 M
EBITDA103.21 M
Net Income(2.58 M)
Cash and Equivalents28.83 M
Cash per Share0.28 times
Total Debt699.03 M
Debt to Equity7.62 times
Current Ratio0.58 times
Book Value Per Share0.91 times
Cash Flow from Operations(54.68 M)
Short Ratio1.88 times
One Year High1.95
One Year Low0.61
Earnings Per Share(0.03) times
Price to Earnings To Growth(0.17) times
Number of Employees5.44 K
Beta1.21
Market Capitalization66.09 M
Total Asset1.35 B
Retained Earnings(435.28 M)
Working Capital(466.11 M)
Current Asset637.75 M
Current Liabilities1.1 B