Global Industrial GIC Allowance for credit losses
Allowance for credit losses at other companies
Other financials
Where this comes from
Reported directly by Global Industrial in its filing.
Tagged under the XBRL concept us-gaap:ProvisionForOtherCreditLosses.
The official record: Global Industrial’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Global Industrial's allowance for credit losses?
- Global Industrial (GIC) reported allowance for credit losses of $400K in Q1 2026.
- How has Global Industrial's allowance for credit losses changed year-over-year?
- Global Industrial's allowance for credit losses decreased by 33.3% year-over-year, from $600K to $400K.
- What is the long-term trend for Global Industrial's allowance for credit losses?
- Over 3 years (2021 to 2025), Global Industrial's allowance for credit losses has grown at a -31.5% compound annual growth rate (CAGR), from $2.8M to $900K.
- What does allowance for credit losses mean?
- This metric represents the non-cash charge recognized in the income statement to adjust the allowance for doubtful accounts based on expected credit losses. It reflects management's assessment of the risk that trade receivables or other financial assets will not be fully collected. A higher provision indicates increased credit risk or a more conservative outlook on customer payment behavior.