Stock Analysis on Net

Fidelity National Information Services Inc. (NYSE:FIS)

Analysis of Bad Debts

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Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company gross accounts receivable. The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.


Allowance for Doubtful Accounts Receivable

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Allowance for credit losses 82  60  17  63  41 
Trade receivables, gross 3,396  3,302  1,489  1,713  1,680 
Financial Ratio
Allowance as a percentage of trade receivables, gross1 2.41% 1.82% 1.14% 3.68% 2.44%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Allowance as a percentage of trade receivables, gross = 100 × Allowance for credit losses ÷ Trade receivables, gross
= 100 × 82 ÷ 3,396 = 2.41%

Financial ratio Description The company
Allowance as a percentage of trade receivables, gross Allowance for doubtful accounts divided by the gross accounts receivable. Fidelity National Information Services Inc. allowance as a percentage of trade receivables, gross increased from 2018 to 2019 and from 2019 to 2020.