Impairment charge on leasehold improvements
Devon Energy Impairment charge on leasehold improvements increased by 200.0% to $3.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 40.0%, from $5.00M to $3.00M. Over 3 years (FY 2021 to FY 2024), Impairment charge on leasehold improvements shows an upward trend with a 7.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests poor capital allocation or a strategic shift that renders existing leasehold investments less valuable.
Detailed definition
This reflects the write-down of the value of leasehold improvements or leasehold interests when their carrying amount is...
Peer comparison
Specific to companies with significant physical infrastructure or real estate leases; peers may group this under general impairment charges.
other_impairment_of_leaseholdHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.00M | $1.00M | $1.00M | $1.00M | $7.00M | $2.00M | $2.00M | $0.00 | $0.00 | $1.00M | $4.00M | $0.00 | $1.00M | $1.00M | $3.00M | $5.00M | $7.00M | $1.00M | $3.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +600.0% | -71.4% | +0.0% | -100.0% | — | — | +300.0% | -100.0% | — | +0.0% | +200.0% | +66.7% | +40.0% | -85.7% | +200.0% |
| YoY Change | — | — | — | — | +600.0% | +100.0% | +100.0% | -100.0% | -100.0% | -50.0% | +100.0% | — | — | +0.0% | -25.0% | — | +600.0% | +0.0% | -40.0% |
Impairment charge on leasehold improvements at Other Companies
Frequently Asked Questions
- What is Devon Energy's impairment charge on leasehold improvements?
- Devon Energy (DVN) reported impairment charge on leasehold improvements of $3.00M in Q1 2026.
- How has Devon Energy's impairment charge on leasehold improvements changed year-over-year?
- Devon Energy's impairment charge on leasehold improvements decreased by 40.0% year-over-year, from $5.00M to $3.00M.
- What is the long-term trend for Devon Energy's impairment charge on leasehold improvements?
- Over 3 years (2021 to 2024), Devon Energy's impairment charge on leasehold improvements has grown at a 7.7% compound annual growth rate (CAGR), from $4.00M to $5.00M.
- What does impairment charge on leasehold improvements mean?
- A reduction in the recorded value of leasehold assets because they are no longer worth their original cost.