Analysis of Bad Debts
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.
Paying users area
Try for free
Philip Morris International Inc. pages available for free this week:
- Statement of Comprehensive Income
- Analysis of Profitability Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Debt to Equity since 2008
- Return on Assets (ROA) since 2008
- Price to Operating Profit (P/OP) since 2008
- Analysis of Income Taxes
- Adjusted Financial Ratios
The data is hidden behind: . Unhide it.
Get 1-month access to Philip Morris International Inc. for $19.99, or
get full access to the entire website for at least 3 months from $49.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Allowance for Doubtful Accounts Receivable
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 × Allowances ÷ Trade receivables, gross
= 100 × ÷ =
| Financial ratio | Description | The company |
|---|---|---|
| Allowance as a percentage of trade receivables, gross | Allowance for doubtful accounts divided by the gross accounts receivable. | Philip Morris International Inc. allowance as a percentage of trade receivables, gross decreased from 2018 to 2019 but then increased from 2019 to 2020 not reaching 2018 level. |