RIFCO (RRFFF) Credit Losses Provision : $5.72 Mil (As of Sep. 2021)

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What is RIFCO Credit Losses Provision?

RIFCO's credit losses provision for the three months ended in Sep. 2021 was $1.07 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2021 was $5.72 Mil.

RIFCO's quarterly credit losses provision declined from Mar. 2021 ($1.94 Mil) to Jun. 2021 ($0.65 Mil) but then increased from Jun. 2021 ($0.65 Mil) to Sep. 2021 ($1.07 Mil).

RIFCO's annual credit losses provision increased from Mar. 2019 ($13.34 Mil) to Mar. 2020 ($14.33 Mil) but then declined from Mar. 2020 ($14.33 Mil) to Mar. 2021 ($6.28 Mil).

RIFCO Credit Losses Provision Historical Data

The historical data trend for RIFCO'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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RIFCO Credit Losses Provision Chart

RIFCO Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Credit Losses Provision

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7.86

10.60

13.34

14.33

6.28

RIFCO Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Credit Losses Provision	Get a 7-Day Free Trial															0.92	2.07	1.94	0.65	1.07

RIFCO 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.72 Mil.

RIFCO (RRFFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » RIFCO Inc (GREY:RRFFF) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

4909 49th Street, Suite 702, Millennium Centre, Red Deer, AB, CAN, T4N 1V1

Website

https://www.rifco.net

RIFCO Inc is an auto-purchase finance company. Its subsidiaries are engaged in vehicle financing. The company provides non-traditional vehicle financing to motorists through a growing network of select new and used vehicle retailers. Its auto financing is available to both franchise and independent dealers who want to create a partnership. The company has its operation in all provinces in Canada except Quebec.

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