What does corporate — asset impairment charges mean?

Non-cash expenses recorded when the value of company assets declines significantly.

How do you interpret corporate — asset impairment charges?

An increase indicates potential overvaluation of assets or deteriorating business performance, while a decrease suggests stable asset valuation.

How does corporate — asset impairment charges compare across companies?

Standard across all industries; comparable to 'Asset Impairment' or 'Write-downs' reported by retail and financial services firms.

FirstCash Holdings FCFS Corporate — Asset Impairment Charges

Discontinued — last reported Q4 '20

Similar metrics at other companies

FISCorporate and Other — Asset impairments

$2M-71.4%

DAsset Impairment And Other Charges

$291M-25.0%

TSNCorporate and Other — Asset Impairment Charges

$75M+971%

WWDCorporate Non — Asset Impairment Charges

$12.6M—

FECorporate Non — Impairment Of Long Lived Assets Held For Use

$0—

ALGNCorporate And Other — Asset Impairment Charges

$0—

Other financials

Income statement

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Revenue$1.1B+25.7%

Gross profit$773.6M+26.3%

Net income$107.7M+28.8%

EPS (diluted)$2.43+29.9%

Balance sheet

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Cash & equivalents$130.7M-10.5%

Total debt$2.0B+0.3%

Total equity$2.3B+11.6%

Total assets$5.4B+21.1%

Cash flow

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Operating cash flow$153.6M+21.3%

CapEx$13.7M-19.5%

Free cash flow$132.8M+12.6%

Valuation

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Market cap$9.95B+53.5%

Enterprise value$11.86B+39.9%

P/E28.1×+5.0×

P/S2.6×+0.7×

Profitability

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Gross margin72.6%-0.5pp

Net margin9.1%+0.9pp

FCF margin14.5%+0.6pp

Returns & leverage

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Return on equity16.3%+2.6pp

Debt / equity0.9×-0.1×

Current ratio4.8×+0.4×

Where this comes from

Reported directly by FirstCash Holdings in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: FirstCash Holdings’s 10-K, filed February 1, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate — asset impairment charges mean?: Non-cash expenses recorded when the value of company assets declines significantly.
How do you interpret corporate — asset impairment charges?: An increase indicates potential overvaluation of assets or deteriorating business performance, while a decrease suggests stable asset valuation.
How does corporate — asset impairment charges compare across companies?: Standard across all industries; comparable to 'Asset Impairment' or 'Write-downs' reported by retail and financial services firms.