Although goodwill impairment does not affect cash, it can significantly change key financial metrics. It reduces net income, retained earnings, total assets, and shareholders' equity. As a result, ratios such as return on equity, earnings per share, and debt-to-equity may shift noticeably. A lower equity base can push leverage ratios higher, which may affect loan covenants and borrowi... https://thealgebragroup.com/what-is-goodwill-impairment