Propel Holdings (TSX:PRL) Credit Losses Provision : C$232.8 Mil (As of Mar. 2024)

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What is Propel Holdings Credit Losses Provision?

Propel Holdings's credit losses provision for the three months ended in Mar. 2024 was C$57.3 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was C$232.8 Mil.

Propel Holdings's quarterly credit losses provision increased from Sep. 2023 (C$58.4 Mil) to Dec. 2023 (C$68.9 Mil) but then declined from Dec. 2023 (C$68.9 Mil) to Mar. 2024 (C$57.3 Mil).

Propel Holdings's annual credit losses provision increased from Dec. 2021 (C$70.4 Mil) to Dec. 2022 (C$163.2 Mil) and increased from Dec. 2022 (C$163.2 Mil) to Dec. 2023 (C$217.2 Mil).

Propel Holdings Credit Losses Provision Historical Data

The historical data trend for Propel Holdings's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Propel Holdings Credit Losses Provision Chart

Propel Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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37.95

31.71

70.43

163.23

217.22

Propel Holdings Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial													42.61	48.11	58.44	68.93	57.34

Propel Holdings Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$232.8 Mil.

Propel Holdings (TSX:PRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Propel Holdings Inc (TSX:PRL) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

PRLPF:USA 8KO:Germany

Address

69 Yonge Street, Suite 1500, Toronto, ON, CAN, M5E 1K3

Website

https://www.propelholdings.com

Propel Holdings Inc is an innovative financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit through its proprietary, industry-leading online lending platform. Propel, through its operating brands, is dedicated to bringing appropriate credit solutions to consumers in Canada and the United States. All the firm's operations are conducted through its consumer-facing brands: MoneyKey, CreditFresh, and Fora.

Executives

Sheldon Saidakovsky	Senior Officer
Michael Stein	Director
Noah Buchman	Senior Officer
Cindy Usprech	Senior Officer

Propel Holdings (TSX:PRL) Headlines

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