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Newcourt Acquisition (Newcourt Acquisition) Retained Earnings : $-16.07 Mil (As of Sep. 2023)


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What is Newcourt Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Newcourt Acquisition's retained earnings for the quarter that ended in Sep. 2023 was $-16.07 Mil.

Newcourt Acquisition's quarterly retained earnings declined from Mar. 2023 ($-14.65 Mil) to Jun. 2023 ($-15.15 Mil) and declined from Jun. 2023 ($-15.15 Mil) to Sep. 2023 ($-16.07 Mil).

Newcourt Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-18.36 Mil) and increased from Dec. 2021 ($-18.36 Mil) to Dec. 2022 ($-13.90 Mil).


Newcourt Acquisition Retained Earnings Historical Data

The historical data trend for Newcourt Acquisition'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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Newcourt Acquisition Retained Earnings Chart

Newcourt Acquisition Annual Data
Trend Dec21 Dec22
Retained Earnings
-18.36 -13.90

Newcourt Acquisition Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -13.52 -13.90 -14.65 -15.15 -16.07

Newcourt Acquisition 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.


Newcourt Acquisition  (NAS:NCACU) 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.


Newcourt Acquisition (Newcourt Acquisition) Business Description

Traded in Other Exchanges
Address
2201 Broadway, Suite 705, Oakland, CA, USA, 94612
Website
Newcourt Acquisition Corp is a blank check company. The company was formed for the purpose of effecting a merger, capital exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
Executives
Van De Vyver Jurgen Johannes officer: Chief Financial Officer 1817 CALIFORNIA STREET APT 025, SAN FRANCISCO CA 94109
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Newcourt Spac Sponsor Llc 10 percent owner 2201 BROADWAY, SUITE 705, OAKLNAD CA 94612
Marc Gregory Balkin director, officer: Chief Executive Officer 2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Daniel C Rogers officer: Chief Financial Officer 2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Simran Rekhi Aggarwal director 2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Rohit Bodas director 2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Michael Jordaan director 2201 BROADWAY, SUITE 705, OAKLAND CA 94612
Nicole Farb director 2201 BROADWAY; SUITE 705, OAKLAND CA 94612