Impairment Charge
An impairment charge is a type of accounting expense that is recognized when the value of an asset or investment declines significantly below its recorded cost. In other words, when the carrying value of an asset exceeds its recoverable amount, the company is required to recognize an impairment charge. This charge reduces the recorded value of the asset on the company's balance sheet, and can have a significant impact on the company's financial performance, profitability, and stock price. Impairment charges are typically associated with long-lived assets such as property, plant, and equipment, as well as intangible assets such as goodwill or patents.
Additional Details
| Metric Name |
Type |
Default Period Type |
| impairment_expense |
|
FY |
| Data Format |
Display Format |
Unit |
| float |
financial |
usd |