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Titan Machinery TITN Provision for Credit Losses

Provision for Credit Losses at other companies

Caterpillar logo
CaterpillarCAT
$37M-14.0%
Alamo Group logo
Alamo GroupALG
-$376K-1,174%
Terex logo
TerexTEX
$1M0.0%
Mayville Engineering logo
Mayville EngineeringMEC
$13K-40.9%
Genuine Parts logo
Genuine PartsGPC
$7.1M+21.3%
Paccar logo
PaccarPCAR
$44.1M+141%

Segments

By segment

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International$287K+57.7%
Agriculture$213K-66.8%
Agricultural Segment$42K+950%
Construction Segment$33K+320%
Australia$25K+150%

Other financials

Income statement

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Revenue$522.4M-12.1%
Gross profit$89.3M-1.8%
Operating income-$5.6M+2.3%
Net income-$12.6M+4.5%
EPS (diluted)-$0.55+5.2%

Balance sheet

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Cash & equivalents$29.6M+37.5%
Total debt$269.3M+11.3%
Total equity$566.5M-6.4%
Total assets$1.6B-10.2%

Cash flow

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Operating cash flow-$23.1M-473%
CapEx--100%
Free cash flow$34.0M+478%

Valuation

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Market cap$500.3M+14.9%
Enterprise value$740.04M+12.8%
P/S0.2×0.0×

Profitability

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Gross margin16.2%+2.5pp
Operating margin-0.3%
Net margin-2.3%0.0pp
FCF margin6.9%

Returns & leverage

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Return on equity-9.1%-0.2pp
Debt / equity0.5×+0.1×
Current ratio1.4×0.0×

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.