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Douglas Dynamics PLOW Provision for Credit Losses

Discontinued — last reported Q1 '21

Provision for Credit Losses at other companies

Alamo Group logo
Alamo GroupALG
-$376K-1,174%
Paccar logo
PaccarPCAR
$44.1M+141%
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TerexTEX
$1M0.0%

Segments

By segment

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Work Truck Attachments$100K0.0%
Work Truck Solutions$57K0.0%

Other financials

Income statement

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Revenue$137.8M+19.8%
Gross profit$18.9M+67.8%
Operating income-$6.4M+53.5%
Net income$6.4M+4,208%
EPS (diluted)-$0.37+36.2%

Balance sheet

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Cash & equivalents$5.2M-28.0%
Total debt$89.7M+9.6%
Total equity$279.4M+7.9%
Total assets$630.3M+1.5%

Cash flow

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Operating cash flow-$994.0K+25.7%
CapEx$3.2M+46.3%
Free cash flow-$4.2M-18.8%

Valuation

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Market cap$1.16B+78.1%
Enterprise value$1.25B+71.4%
P/E21.9×+11.8×
P/S1.7×+0.6×

Profitability

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Gross margin25.3%
Operating margin8.2%
Net margin7.8%-3.2pp
FCF margin9.3%+0.3pp

Returns & leverage

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Return on equity19.7%-7.4pp
Debt / equity0.3×0.0×
Current ratio2.7×+0.3×

Where this comes from

Reported directly by Douglas Dynamics in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableAllowanceForCreditLossesWriteOffs.

The official record: Douglas Dynamics’s 10-Q, filed May 3, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does provision for credit losses mean?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.