Equinox Gold (TSX:EQX) Retained Earnings : C$414 Mil (As of Mar. 2024)

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What is Equinox Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Equinox Gold's retained earnings for the quarter that ended in Mar. 2024 was C$414 Mil.

Equinox Gold's quarterly retained earnings increased from Sep. 2023 (C$466 Mil) to Dec. 2023 (C$468 Mil) but then declined from Dec. 2023 (C$468 Mil) to Mar. 2024 (C$414 Mil).

Equinox Gold's annual retained earnings declined from Dec. 2021 (C$572 Mil) to Dec. 2022 (C$443 Mil) but then increased from Dec. 2022 (C$443 Mil) to Dec. 2023 (C$468 Mil).

Equinox Gold Retained Earnings Historical Data

The historical data trend for Equinox Gold'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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Equinox Gold Retained Earnings Chart

Equinox Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-171.97

-138.72

571.64

443.23

467.61

Equinox Gold 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															461.21	454.95	466.35	467.61	413.92

Equinox Gold 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.

Equinox Gold (TSX:EQX) 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.

Equinox Gold (TSX:EQX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Equinox Gold Corp (TSX:EQX) » Definitions » Retained Earnings

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EQX:USA 1LRC:Germany

Address

700 West Pender Street, Suite 1501, Vancouver, BC, CAN, V6C 1G8

Website

https://www.equinoxgold.com

Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration and development of mineral properties, with a focus on gold. Equinox Gold has around seven operating gold mines and a clear plan to increase production by advancing a pipeline of growth projects.

Executives

Maryse Belanger	Director
Kelly Grant Boychuk	Senior Officer
Peter Jeremie Hardie	Senior Officer
Robert Scott Heffernan	Senior Officer
Doug Reddy	Senior Officer
Gordana Vicentijevic	Senior Officer