Terra Firma Capital (TSXV:TII) Credit Losses Provision : C$-0.40 Mil (As of Jun. 2023)

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What is Terra Firma Capital Credit Losses Provision?

Terra Firma Capital's credit losses provision for the three months ended in Jun. 2023 was C$-0.03 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2023 was C$-0.40 Mil.

Terra Firma Capital's quarterly credit losses provision increased from Dec. 2022 (C$-0.33 Mil) to Mar. 2023 (C$-0.05 Mil) and increased from Mar. 2023 (C$-0.05 Mil) to Jun. 2023 (C$-0.03 Mil).

Terra Firma Capital's annual credit losses provision declined from Dec. 2020 (C$1.41 Mil) to Dec. 2021 (C$-0.77 Mil) but then increased from Dec. 2021 (C$-0.77 Mil) to Dec. 2022 (C$-0.40 Mil).

Terra Firma Capital Credit Losses Provision Historical Data

The historical data trend for Terra Firma Capital'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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Terra Firma Capital Credit Losses Provision Chart

Terra Firma Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Credit Losses Provision

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3.41

0.10

1.41

-0.77

-0.40

Terra Firma Capital Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Credit Losses Provision	Get a 7-Day Free Trial															-0.02	0.01	-0.33	-0.05	-0.03

Terra Firma Capital 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.40 Mil.

Terra Firma Capital (TSXV:TII) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Terra Firma Capital Corp (TSXV:TII) » Definitions » Credit Losses Provision

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Address

22 Saint Clair Avenue East, Weston Centre, Suite 200, Toronto, ON, CAN, M4T 2S5

Website

https://www.tfcc.ca

Terra Firma Capital Corp is a real estate finance company that provides real estate financings secured by investment properties and real estate developments throughout Canada and the U.S. These financings are made to real estate developers and owners who require shorter-term loans to bridge a transitional period of one to five years where it requires capital at various stages of development or redevelopment properties, for such development or redevelopment, properties repairs or the purchase of investment properties.

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