Key facts
- Cogeco will record a $1.7 billion non-cash impairment charge.
- The charge is related to Cogeco's U.S. telecom business.
- The charge reflects the reduced value of U.S. assets.
An impairment charge is an accounting term that signifies a reduction in the carrying value of an asset on a company's balance sheet. This typically occurs when the asset's fair market value falls below its book value, indicating a permanent decline in its economic usefulness or value. For Cogeco, this charge suggests their U.S. telecom assets are now worth less than previously recorded.