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Helium One Global (LSE:HE1) Retained Earnings : £-25.73 Mil (As of Dec. 2023)


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What is Helium One Global Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Helium One Global's retained earnings for the quarter that ended in Dec. 2023 was £-25.73 Mil.

Helium One Global's quarterly retained earnings declined from Dec. 2022 (£-24.20 Mil) to Jun. 2023 (£-24.95 Mil) and declined from Jun. 2023 (£-24.95 Mil) to Dec. 2023 (£-25.73 Mil).

Helium One Global's annual retained earnings declined from Jun. 2021 (£-10.50 Mil) to Jun. 2022 (£-22.42 Mil) and declined from Jun. 2022 (£-22.42 Mil) to Jun. 2023 (£-24.95 Mil).


Helium One Global Retained Earnings Historical Data

The historical data trend for Helium One Global'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.

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Helium One Global Retained Earnings Chart

Helium One Global Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Retained Earnings
Get a 7-Day Free Trial -5.78 -7.65 -10.50 -22.42 -24.95

Helium One Global Semi-Annual Data
Jun18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -12.42 -22.42 -24.20 -24.95 -25.73

Helium One Global Retained Earnings Calculation

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.


Helium One Global  (LSE:HE1) 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.


Helium One Global (LSE:HE1) Business Description

Traded in Other Exchanges
Address
Wickhams Cay II, Vistra Corporate Services Centre, Tortola, Road Town, VGB, VG1110
Helium One Global Ltd is a Helium exploration company. It is predominantly involved in helium exploration and holds three distinct project areas within the Company's portfolio in Tanzania: the Rukwa, Eyasi, and Balangida Projects. The company has two key geographical segments, being the British Virgin Islands which derives the majority of the revenue and Tanzania.

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