Provision for Credit Losses
The Provision for Credit Losses (PCL) refers to an estimation made by a company regarding potential losses that may arise from defaulting debtors or non-performing loans. It is an expense recorded on the income statement to reduce the value of the company's outstanding loans or credit receivables that are expected to become uncollectible. The PCL is an important financial metric as it reflects the company's assessment of its credit risk, and its ability to manage its bad debts.
Additional Details
| Metric Name |
Type |
Default Period Type |
| provision_for_credit_losses |
|
FY |
| Data Format |
Display Format |
Unit |
| float |
financial |
usd |