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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Logan Ridge Finance's retained earnings for the quarter that ended in Mar. 2024 was $-98.26 Mil.
Logan Ridge Finance's quarterly retained earnings declined from Sep. 2023 ($-97.20 Mil) to Dec. 2023 ($-99.26 Mil) but then increased from Dec. 2023 ($-99.26 Mil) to Mar. 2024 ($-98.26 Mil).
Logan Ridge Finance's annual retained earnings declined from Dec. 2021 ($-81.84 Mil) to Dec. 2022 ($-96.06 Mil) and declined from Dec. 2022 ($-96.06 Mil) to Dec. 2023 ($-99.26 Mil).
The historical data trend for Logan Ridge Finance's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Logan Ridge Finance Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -89.94 | -120.56 | -81.84 | -96.06 | -99.26 |
Logan Ridge Finance Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | -97.20 | -94.55 | -97.20 | -99.26 | -98.26 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Logan Ridge Finance (NAS:LRFC) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Jennifer Kwon Chou | director | C/O THE GORES GROUP, 9800 WILSHIRE BOULEVARD, BEVERLY HILLS CA 90212 |
Patrick Schafer | officer: Chief Investment Officer | 650 MADISON AVENUE, NEW YORK NY 10022 |
Brandon Satoren | officer: See Remarks | 650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022 |
Edward J. Goldthorpe | director, officer: CEO and President | 650 MADISON AVENUE, NEW YORK NY 10022 |
Jason T Roos | officer: CFO, Treasurer and Secretary | 23 SPRINGHURST ROAD, BEDFORD HILLS NY 10507 |
David Held | officer: Chief Compliance Officer | 650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022 |
George Grunebaum | director | C/O ASHMORE INVESTMENT MANAGEMENT LTD., 61 ALDWYCH, LONDON X0 WC2B 4AE |
Alexander Duka | director | 650 MADISON AVENUE, NEW YORK NY 10022 |
Robert Herman Warshauer | director | 8 GOLDEN POND ROAD, WEST HARRISON NY 10604 |
Larry W. Carroll | director | C/O PARK STERLING BANK, 1043 EAST MOREHEAD STREET, SUITE 201, CHARLOTTE NC 28204 |
Alala Joseph B Iii | director, officer: See Remarks | C/O CAPITALA FINANCE CORP., 4201 CONGRESS STREET, SUITE 360, CHARLOTTE NC 28209 |
Richard Wheelahan | officer: Chief Compliance Officer | C/O CAPITALA FINANCE CORP., 4201 CONGRESS STREET, SUITE 360, CHARLOTTE NC 28209 |
Kevin A. Koonts | officer: Chief Accounting Officer | 4201 CONGRESS STREET, SUITE 360, CHARLOTTE NC 28209 |
Stephen A. Arnall | officer: Chief Financial Officer | C/O PARK STERLING BANK, 1043 EAST MOREHEAD STREET, SUITE 201, CHARLOTTE NC 28204 |
Markham Hunt Broyhill | director | 800 HICKORY BLVD. SW, LENOIR NC 28645 |
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